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By Sam Reynolds|Edited by Aoyon Ashraf
Jul 7, 2025, 2:35 a.m.
Elon Musk plans to form a pro-tech centrist party called the ‘America Party’ after splitting from President Trump.
The America Party would embrace Bitcoin and focus on House and Senate races rather than the Presidential election.
Musk criticizes Trump’s ‘Big Beautiful Bill’ as fiscally irresponsible, calling it the ‘debt slavery bill.’
Elon Musk’s ‘America Party’, a pro-tech centrist party the Tesla and SpaceX founder plans to form after his split from President Donald Trump, would embrace bitcoin
Musk said on X.
STORY CONTINUES BELOW
Musk has been a long supporter of cryptocurrencies, with SpaceX and Tesla both holding BTC in their corporate treasuries.
The America Party formed out of a rift between Musk and President Trump over the ‘Big Beautiful Bill’ which Musk has criticized as being fiscally irresponsible, calling it the “debt slavery bill”.
Musk envisions the party, which has not yet been officially registered, as one which takes a pro-tech, pro-free speech and anti-regulation agenda, with centrist policies everywhere else.
The America Party doesn’t yet have an official website, so all that’s known about its political ideology comes from Musk’s posts and re-tweets from supporters.
Musk has said on X that the party, when formed, won’t immediately run a Presidential candidate but rather focus on House and Senate races.
Trump, for his part, said in a Truth Social post Sunday evening U.S. time that Musk had gone “off the rails” and has become a “TRAIN WRECK.”
Sam Reynolds is a senior reporter based in Asia. Sam was part of the CoinDesk team that won the 2023 Gerald Loeb award in the breaking news category for coverage of FTX’s collapse. Prior to CoinDesk, he was a reporter with Blockworks and a semiconductor analyst with IDC.
