In recent discussions on social media, Elon Musk has strongly refuted a report by the Wall Street Journal, stating that he has not paused his initiatives with the America Party.
Describing the article as “inaccurate and misleading,” Musk advised his followers, “Nothing @WSJ says should ever be thought of as true.”
This rapid rebuttal shifted the narrative almost immediately, redirecting discussions to other aspects of the planned political movement.
Reactions from the Crypto Community
Numerous advocates from the cryptocurrency sector responded swiftly to Musk’s statements. Prominent investor Tim Draper expressed his admiration for Musk, calling him “a gift to humanity from the gods.” Additionally, billionaire Mark Cuban had previously shown his support for Musk’s political aspirations this year.
Notably, Dogecoin developer DogeDesigner also shared insights after Musk’s post, highlighting the immense influence Musk holds within the crypto community.
Nothing @WSJ says should ever be thought of as true
— Elon Musk (@elonmusk) August 20, 2025
Musk introduced the America Party in July, presenting it as a reaction to the discontent with the current two-party political structure. His vision includes a prominent role for Bitcoin in the party’s economic framework.
This association between politics and cryptocurrency has garnered significant attention from investors and industry leaders, sparking discussions nationwide.
A Unique Political Landscape
In the realm of U.S. politics, Musk’s recent involvement has been anything but conventional. He served briefly as an informal consultant within the Trump administration as the head of the Department of Government Efficiency, also known as D.O.G.E.
My brutally honest take on Elon Musk’s new political party…
I believe Elon Musk is a gift to humanity from the gods. His visions are all encompassing and his methods are effective.
As for his political party, I hope he is successful in shrinking the size and the regulations…
— Tim Draper (@TimDraper) August 19, 2025
Musk departed from this role relatively quickly, making headlines by critiquing significant legislative measures and raising eyebrows with comments concerning the Epstein scandal, although he later moderated those statements.
This decision distanced him from traditional political entities and granted him the leeway to formulate his own strategic initiatives.
Continuing Speculations and Discussions
Recent reports suggest that Musk has engaged in private dialogues with U.S. Vice President J.D. Vance, hinting at potential support for a Vance candidacy in 2028. However, no official confirmations have surfaced.
These rumors may signal a new chapter rather than a conclusion to Musk’s political ambitions.
Proponents argue that a Musk-led political organization could foster rapid Bitcoin mainstream acceptance and advocate for reduced government intervention and national debt.
Conversely, skeptics highlight the challenges of ballot access and the intricate rules governing state-by-state campaigning. Nevertheless, one point remains clear: Musk’s popularity and financial resources amplify any political narrative he chooses to embrace.
What’s Next on the Horizon?
Meanwhile, ongoing discussions and evolving alliances continue to unfold, capturing the attention of the cryptocurrency sector. Observers should be alert for any formal organizational actions, appointment of leaders, or campaign registrations in the near future.
For now, Musk’s succinct response has effectively kept the conversation around the America Party alive, linking it with both Bitcoin and a growing base of prominent supporters.
Image credit: Alex Wong/Getty Images, chart sourced from TradingView
