Mark Cuban backs Elon Musk's idea of launching a new political party originally appeared on TheStreet .

Mark Cuban is best known in crypto circles as a vocal supporter of non-fungible tokens (NFTs). Now, he's also thrown a subtle tick-mark of approval behind Elon Musk's latest political push.

Musk, along with President Donald Trump, is one of the most prominent figures from the political-corporate circles who has impacted the global crypto market big time.

Now, the two are having a public feud over a domestic bill, and the crypto community has also jumped in.

During the 2024 presidential election, Musk backed Trump and poured as much as $288 million into his campaign — making him the largest donor.

When Trump won the election and assumed the office of the White House, he, in turn, appointed Musk as his principal advisor and the de facto head of the Department of Government Efficiency (DOGE).

DOGE is the agency tasked with slashing government spending, the acronym of which is the same as the ticker symbol of Musk's onetime favorite meme coin, Dogecoin.

Musk quit the DOGE at the end of May, and the billionaire tycoon since then has been attacking the president's flagship "big, beautiful bill" that deals with taxation and public expenditure.

The Tesla (Nasdaq: TSLA) boss has dubbed the bill the "big, ugly spending bill" and the "Debt Slavery Bill." He also referred to it as "a massive, outrageous, pork-filled Congressional spending bill."

Trump soon hit back at Musk , saying the latter knew "the inner workings of the bill better than anybody" and had no problem. The president claimed Musk began to find problems with the bill when he found out that "I took away his EV Mandate that forced everyone to buy Electric Cars that nobody else wanted."

Trump continued:

I'm very disappointed with Elon... I've helped him a lot.

Musk denied the president's claim , saying that the bill wasn't shown to me even once.

Things went further downhill between the two as Trump said he would have won Pennsylvania regardless of Musk. "Without me, Trump would have lost the election," Musk said and sighed :

Such ingratitude

Musk next posted a poll on X about the potential need for a new political party in the U.S.

Meme coin figure throws support behind Musk

The graphic designer at the Dogecoin meme coin team, known as DogeDesigner on X, came out publicly in support of Musk during the controversy.

Things escalated quickly as Musk accused Trump of being named in the notorious Jeffrey Epstein files. DogeDesigner wondered why the government has not yet released the files: