Elon Musk refutes claims of ‘America Party’ registering with FEC originally appeared on TheStreet.
It’s been a few days since Tesla (Nasdaq: TSLA) CEO Elon Musk, who once supported cryptocurrencies such as Bitcoin and Dogecoin, has been talking about launching a new political party in the U.S.
Social media was recently rife with rumors of the political outfit reportedly registering with the Federal Election Commission (FEC).
As per a document circulating on social media, the “America Party (AMEP)” had registered with the FEC on July 6 under Filing FEC-1898441 and FEC Committee ID-C00910323.
The filing mentioned the candidate’s name as Elon Reeve Musk and Vaibhav Taneja, Tesla’s chief financial officer, as AMEP’s treasurer and custodian of records.
However, Musk debunked the viral claim on X, saying, “This filing is false and has been reported as such to the FEC.”
Notably, Musk supported Donald Trump during the 2024 presidential election. Once Trump won the election, Musk led the Department of Government Efficiency (D.O.G.E.) from January to May. Though the nomenclature led many to believe that the department would integrate Dogecoin payments, no such development took place.
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While both are among the most pro-crypto political and business figures, Trump’s “big, beautiful bill” irked Musk so much that he openly expressed his dissatisfaction with the two-party system in the U.S. and said the country needed a new political party, which he said he will launch.
The crypto community has been quick to react to the latest development. Popular Dogecoin team member, known as DogeDesigner or @cb_doge on X, has been supporting Musk’s political campaign.
Pro-crypto attorney John Deaton, who challenged Elizabeth Warren (D-MA) as a Republican candidate during the 2024 election, supported Musk’s announcement of the party on July 5.
Deaton also posted a short video of his debate with Warren in which he was seen lambasting the two-party system:
