Musk debunks The Wall Street Journal's report on the cancellation of the "American Party" preparatory work.

Recently, Elon Musk refuted a report by The Wall Street Journal on social media X that claimed he had halted preparations for the "American Party," stating that the content was "inaccurate and misleading."

He even bluntly reminded fans: "Nothing said by The Wall Street Journal should be taken as fact."

Elon Musk proposed the formation of the "American Party" in July this year to address the dissatisfaction of the American public with the two-party system, emphasizing that Bitcoin would become the economic core of the party. This proposal directly links political action with cryptocurrency positions, continually attracting the attention of developers and investors.

#Musk Although he has not been active in American politics for long this year, he has been a constant focus of attention. He briefly joined the Trump administration's team in an informal position at the Office of Government Efficiency (DOGE), but soon after, he withdrew.

After that, he criticized several policies and got involved in discussions on sensitive issues. These actions reduced his connections with mainstream political parties but opened up more possibilities for his personal political plans.

In addition, recent rumors suggest that Musk had a private meeting with U.S. Vice President JD Vance, sparking speculation that he may support Vice President Vance's run for the 2028 election.

Although the message has not been officially confirmed, the rumors have made his denial of the false reports no longer seen as merely a clarification, but rather as part of this ongoing political drama.

Supporters generally believe that if Musk successfully forms a political party, it will directly promote the adoption of Bitcoin and effectively reduce the size of the government and national debt. Critics point out that forming a new political party also faces various challenges such as restrictions on voting channels, complex electoral regulations, and the work of numerous grassroots organizations.

Both parties agree that, with Musk's immense influence and strong financial backing, the plan he leads is more likely to be realized than other proposals.

Currently, negotiations and alliance building regarding the "American Party" are still ongoing, and there is widespread anticipation that the party will make substantial progress in areas such as organizational procedures, confirmation of leadership candidates, or submission of campaign documents.

Regardless of the motives and outcomes, Musk's political vision for the "American Party" will continue to keep the public's attention.

#American Party