Famous billionaire who owns Tesla and Twitter Elon Muskdemanded his acquittal from the Dogecoin lawsuit filed against him last year.
Lawyers defending Musk in Manhattan Federal Court DOGE the indictment to refute the argument that his investors filed a lawsuit against Musk. “Imagination and Fiction” described as. Lawyers stated that Elon Musk had no intention of defrauding anyone and that the Dogecoin tweets mentioned in the indictment were vague.
“There is nothing more legit than tweeting about a legitimate cryptocurrency with a market cap of around $10 billion. The court should dismiss the absurd allegations and put an end to the case as soon as possible.”
According to the information reflected in the press, Musk’s lawyers also firmly denied the claim that the dog-themed cryptocurrency carries a security. Evan Spencer, one of the lawyers involved in the case, stated that they believe they will be successful.
Why Was Elon Musk Sued?
Tesla founder Elon Musk dogecoin Everyone knows he’s a fan. The speculation that the famous billionaire would participate in an entertainment program broadcast on CNBC and talk about Dogecoin in recent years has led to great movements in the price of DOGE.
DOGE investors, who filed a $258 billion compensation lawsuit, claim that Musk victimized them through manipulation.
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