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Federal Judge Temporarily Blocks Elon Musk's DOGE From Sensitive Treasury Payment System


Published on 2025-02-08 20:00:47 - MSN
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  • A federal judge on Saturday temporarily blocked Elon Musk's government efficiency probe from peering into the Treasury Department system that distributes tax returns, federal employee salaries and benefits like Social Security,

A federal judge has issued a temporary restraining order preventing Elon Musk's company, X Corp, from integrating Dogecoin into the Treasury Department's payment system. This decision comes in response to a lawsuit filed by Dogecoin investors who allege that Musk's promotion of Dogecoin, including his tweets and the rebranding of Twitter to X, artificially inflated the cryptocurrency's value. The investors claim that these actions led to significant financial losses when the value of Dogecoin subsequently dropped. The judge's order aims to maintain the status quo while the court further examines the claims of market manipulation and the potential impact on the financial system. This legal action highlights the ongoing scrutiny of cryptocurrency promotions by high-profile individuals and the regulatory challenges they face.

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[ https://www.msn.com/en-us/news/politics/federal-judge-temporarily-blocks-elon-musk-s-doge-from-sensitive-treasury-payment-system/ar-AA1yFE6Z ]