Elon Musk Criticizes US Spending Bill, Suggests New Party

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Jun 30 2025

Elon Musk's Critique of US Senate Spending Bill: Elon Musk criticized the US Senate's spending bill, calling it economically destructive and harmful to future industries, particularly targeting increased taxes on renewable energy projects. His comments have sparked significant debate and market volatility, especially affecting Tesla shares.
Political and Market Implications: Musk's remarks may influence political alliances and fiscal policy discussions in the Senate, while historically, his critiques have led to market reactions, although cryptocurrency markets remain stable amidst these changes.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

Elon Musk Criticizes US Spending Bill, Suggests New Party

About the author

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