WHITE: The Trump coalition is beginning to fracture, and in a lot of ways, there is historical precedent for this. Trump and Grover Cleveland have a lot in common besides serving non-contiguous terms as president.

"The America Party is formed to give you back your freedom," Musk said, days after Trump debated deporting him.

Elon Musk launched the "America Party" Saturday, calling for an end to the “uniparty" system after President Donald Trump signed the "big, beautiful bill" into law.

A meme coin called America Party (AP) has launched today on the Solana blockchain, and the new offering has seen an overwhelming gain of over 537% within the first 24 hours, according to data from CoinMarketCap.

While Musk was able to pour millions of dollars into pro-Trump super PACs last year, he would not legally be able to bankroll a political party. Third parties generally have to spend a great deal of money to secure ballot access before focusing on getting their candidates elected.

The two men spoke about Mr. Musk’s push to create the America Party before the midterm elections. Mr. Yarvin has expressed support for a monarchy, along with provocative ideas about race.