Lawyers representing Elon Musk assert that Tweeting in support of Dogecoin is not illegal.

Tesla CEO Elon Musk’s lawyers have defended him in a $258 billion lawsuit, claiming that tweets in support of Dogecoin are not unlawful activities. Musk is a big fan of the cryptocurrency and holds Bitcoin, Ethereum and Dogecoin in his portfolio. Under Musk’s leadership, the price of Dogecoin surged by more than 350 times between Q4 2020 and Q2 2021. His lawyers argued that there is nothing unlawful about tweeting words of support for a legitimate cryptocurrency with a market cap of nearly $10 billion. The lawsuit was filed after Musk’s tweets caused the price of Dogecoin to rise and then fall, causing many investors to panic and lose money. However, Musk never suggested people invest money in Dogecoin and also warned people not to invest all their money in crypto because of its high volatility.

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About The Author

Niels I have been passionate about dogecoin since 2019, and have since become an avid follower and advocate of the cryptocurrency. I keep a close eye on the Dogecoin market and trends, and I'm always up-to-date with the latest news and developments. As a true believer in the potential of dogecoin, I am excited to be a part of the growing community and I'm eager to share my knowledge and experience with others. When not busy with dogecoin, I enjoy golf, and I can often be found on the golf course.

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