Elon Musk is facing a lawsuit over his tweets about Dogecoin during Donald Trump’s inauguration. The lawsuit alleges that Musk’s tweets caused a drop in the value of the cryptocurrency.
The lawsuit was filed by a group of investors who claim that Musk’s tweets violated securities laws by manipulating the market. The investors are seeking damages for the losses they incurred as a result of Musk’s tweets.
According to the lawsuit, Musk’s tweets about Dogecoin during Trump’s inauguration caused the cryptocurrency’s value to drop by 20%. The investors claim that Musk’s actions were irresponsible and caused harm to those who invested in Dogecoin.
Musk has not publicly commented on the lawsuit, but his lawyers are expected to argue that his tweets were simply expressing his personal opinion and were not intended to manipulate the market. However, legal experts believe that Musk could still be held liable if it is proven that his tweets had a significant impact on the value of Dogecoin.
