Tesla CEO Elon Musk announced on social media the establishment of the "American Party," stating that the party aims to "restore freedom to the people." Musk said that the current American political system has problems with waste and corruption, and the new party will change this situation. Previously, a network vote initiated by Musk showed that about two-thirds of participants supported the establishment of a new political party. According to United States law, a political party must complete relevant certification procedures to be formally established. [ChainCatcher]