Elon Musk says that his new America Party will support Bitcoin, but does it have a chance in the American political system? The growing rift between Tesla CEO Elon Musk and US President Donald Trump turned into a gulf on July 5 when Musk announced the independent America Party, supposedly focused on Bitcoin and centrist policies. The move was catalyzed by Congress passing the Trump administration’s controversial One Big Beautiful Bill Act. According to Musk, the bill flies in the face of the administration’s initial efforts to cut government spending. The America Party has yet to hold a formative congress or issue a specific platform. Little is known about the party’s stance, beyond Musk’s vague comments of a preference for centrism, deregulation, reduction of government spending and support for Bitcoin (BTC). Read more
JAN3 founder Samson Mow says Elon Musk should go all in on Bitcoin before “they freeze his fiat assets.” The Bitcoin community is calling on Tesla CEO Elon Musk to stack Bitcoin as a way to gain the upper hand in his ongoing public feud with US President Donald Trump. “The best way for Elon to get back at Trump is by full porting Bitcoin,” crypto trader and analyst Will Clemente said in a June 6 X post. Echoing a similar sentiment, JAN3 founder and CEO Samson Mow said in an X post on the same day, “@elonmusk, it’s time to go all in on Bitcoin.” Mow urged Musk to accept Bitcoin (BTC) payments for Tesla and adopt a Bitcoin treasury strategy. In 2021, Tesla stopped accepting Bitcoin as a means of payment due to environmental concerns. However, the firm still holds digital assets. On April 23, Cointelegraph reported that Tesla’s digital asset holdings dropped 11.61% in value from $1.076 billion to $951 million in Q1. Read more
WASHINGTON: U.S. President Donald Trump is not interested in talking with Elon Musk, a White House official said on Friday, signaling the president and his former ally might not resolve their feud over a sweeping tax-cut bill any time soon. The White House official, speaking on condition of anonymity, said no phone call between Trump […]
Tensions between Donald Trump and Elon Musk exploded into public view Thursday, as the US president said he was “very disappointed” by his billionaire former aide’s criticisms and Musk hit back in real time on social media. “Look, Elon and I had a great relationship. I don’t know if we will anymore,” Trump told reporters in the Oval Office after Musk slammed his tax and spending mega-bill as an “abomination”. The world’s richest man responded by live-posting on his X social media platform as Trump spoke on television, saying that the Republican would not have won the 2024 election without him and slamming him for “ingratitude.” In an extraordinary rant as visiting German Chancellor Friedrich Merz sat mutely beside him, 78-year-old Trump unloaded on SpaceX and Tesla boss Musk in his first comments on the issue. “I’m very disappointed, because Elon knew the inner workings of this bill better than almost anybody sitting here … all of a sudden, he had a problem,” Trump said when asked about Musk. View this post o...