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![Elon Musk’s Legal Team Seeks Dismissal of Dogecoin Lawsuit Elon Musk’s Legal Team Seeks Dismissal of Dogecoin Lawsuit](https://www.claytoncountyregister.com/wp-content/uploads/2023/07/mfrack_realistic_photo_of_nyse_market_aa7e0d27-6c07-4f86-b995-7a6e757249ec.jpeg)
Attorneys representing Elon Musk have requested the dismissal of a revised grievance filed by Dogecoin traders in an ongoing authorized battle. Alex Shapiro, Musk’s lawyer, criticized the grievance for instance of “abusive and belligerent litigation techniques.” The lawsuit, which was initiated final June, alleges that Musk engaged in market manipulation and insider buying and selling associated to Dogecoin.
The authorized dispute stems from the numerous enhance in Dogecoin’s worth earlier than Musk’s look on “Saturday Night time Dwell,” the place he referred to as it a scheme. Musk’s authorized crew argues that his optimistic remarks about Dogecoin prior to now have been expressive and never grounds for authorized motion.
In a latest authorized movement, Musk’s representatives asserted that expressing assist for a cryptocurrency and sharing humorous photos is lawful. Additionally they questioned the credibility of the lawsuit’s claims, as they depend on transactions involving Dogecoin from digital wallets that can’t be definitively linked to Musk or Tesla.
Musk’s assist for Dogecoin has been well-documented through the years. It began with a tweet in April 2019, the place Musk proclaimed Dogecoin as his favourite cryptocurrency. After buying Twitter, Musk’s backing for Dogecoin gained much more consideration. One notable occasion was throughout April Fools Day when Twitter playfully changed its brand with Dogecoin’s Shiba Inu mascot.
Musk’s interactions with Dogecoin have remained an enchanting facet of the cryptocurrency’s journey, from his preliminary tweet in 2019 to the Twitter brand swap in 2023. Regardless of the authorized battle, Musk’s authorized crew maintains that his actions have been throughout the bounds of the legislation and that the amended grievance lacks credibility.
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