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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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  • Bitcoin gets $125K target as trader sees 'big move' next, ETH hits $3750
  • Embedding human rights into crypto isn’t optional, it’s foundational
  • High-leverage trader James Wynn opens 25x long on ETH, 10x on PEPE
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