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Trump says Musk ‘off the rails’ for forming political party to rival GOP

cryptoweekly by cryptoweekly
July 7, 2025
in bitcoin, News
0

US President Donald Trump has blasted Elon Musk’s plan to start a new political party that could splinter the Republican vote in the 2026 midterm elections.

US President Donald Trump has lashed out at his former cost-cutting czar, Elon Musk, after the world’s wealthiest man said he is launching a political party to challenge the US two-party system. 

“I am saddened to watch Elon Musk go completely ‘off the rails,’ essentially becoming a TRAIN WRECK over the past five weeks,” Trump posted on his Truth Social platform on Sunday, hours after Musk declared he had formed the “America Party.”

“He even wants to start a Third Political Party, despite the fact that they have never succeeded in the United States — The System seems not designed for them,” he added.

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  • Russia targets crypto mining energy thieves, tax dodgers
  • UK sentences 2 men to prison over $2M cold-calling crypto scam
  • Elon Musk confirms new ‘America Party’ will embrace Bitcoin
  • Hong Kong to limit the number of stablecoin licenses issued in 2025
  • Bitcoin eyes new high on tariff deadline, Musk love: Analysts
  • Jack Dorsey tests Bitchat — decentralized messaging without internet
  • Trump says Musk ‘off the rails’ for forming political party to rival GOP

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