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Trouble for Elon Musk's DOGE? Rare urgent court hearing scheduled on Presidents Day holiday. Here's why


Published on 2025-02-17 10:20:54 - MSN
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  • Elon Musk's governmental cost-cutting team known as DOGE in President Donald Trump's second tenure has raised several questions.

The article discusses a legal challenge faced by Elon Musk concerning Dogecoin, a cryptocurrency he has publicly supported. A court hearing has been scheduled for February 19, 2024, which coincides with Presidents Day, a federal holiday, highlighting the urgency of the case. The lawsuit, filed by Dogecoin investors, accuses Musk of engaging in a pyramid scheme to promote Dogecoin, alleging that his actions artificially inflated the cryptocurrency's value. Musk's legal team has attempted to dismiss the case, arguing that his statements were too vague to constitute fraud and that Dogecoin, being a legitimate cryptocurrency, cannot be considered a pyramid scheme. However, the judge has decided to move forward with the hearing, indicating the seriousness with which the allegations are being considered.

Read the Full MSN Article at:
[ https://www.msn.com/en-in/politics/government/trouble-for-elon-musk-s-doge-rare-urgent-court-hearing-scheduled-on-presidents-day-holiday-here-s-why/ar-AA1zcUFH ]