Tesla CEO Elon Musk Denies His Partner Is Affiliated With Dogecoin Foundation

Tesla Inc TSLA CEO Elon Musk has denied that Jared Birchall, head of his family office, was on the advisory board of the re-established Dogecoin foundation.

In a recent tweet on Saturday, Musk said that neither he, Birchall, nor his associates are involved.

Musk’s statement caused a lot of confusion within the meme coin community. However, his denial indicates the foundation was misleading in saying a Musk representative was affiliated with the organization.

Earlier, the renewed Dogecoin Foundation announced that it had relaunched, with Birchall, Ethereum ETH/USD co-founder Vitalik Buterin and Dogecoin co-founder Billy Markus joining its board of advisors. 

According to the official website of the organization, the composition of the board remains the same. 

In September, the foundation showed its teeth by threatening legal action against copycat Dogecoin 2.0 (DOGE2) to protect its cryptocurrency brand.

In another tweet, Musk has also complained about the ongoing crypto scams happening in the market.

Related Link: Dogecoin Breaks Resistance, But What's Next?

Market News and Data brought to you by Benzinga APIs
Posted In: CryptocurrencyNewsTop StoriesMarketsGeneraldogecoinElon MuskfoundationTeslatweet
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!