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Insider: Musk Pauses Formation of New Political Party, Continues to Seek Connection with Vance

By: theblockbeats.news|2025/08/20 02:02:11

BlockBeats News, August 20th, according to The Wall Street Journal, Elon Musk has slowed down his plans to establish the "America Party" as a third political party. Sources familiar with the matter said Musk is currently inclined to focus on the operation of his companies and is cautious about forming a party due to his reluctance to divert votes from the Republican Party. The sources said Musk has been trying to stay in touch with American Vice President Pence.

Previously, Musk had stated that the new party aimed to restore voter "freedom," but has recently informed allies that he is not moving forward with related actions for now.

At the end of July, a whale bought $20.08 million worth of ETH at an average price of $3958 and swapped it for WBTC.

Analysis: Bitcoin 30-Day Option Delta Skew Skyrockets, Indicating Market is in Extreme Fear