Elon Musk denies any ties to the Dogecoin Foundation, saying, “Neither Jared, nor myself.”

Elon Musk has clarified his relationship with the Dogecoin Foundation. Musk stated in a tweet that neither he nor his associate Jared Birchall are members of the Dogecoin Foundation’s advisory board. The Dogecoin Foundation uses patents, lobbying, and trademark protection to help build and promote the meme-based cryptocurrency. The foundation has not responded to Musk’s claims distancing himself and his associate from the organization as of yet.

Birchall was apparently mentioned as one of the board advisors when the Dogecoin Foundation was re-launched in August.

Musk denied any ties to the foundation in response to a tweet that stated, “Jared Birchall represents Elon Musk, but as all advisers, he has no direct voting rights.” This ensures that the foundation maintains its independence while benefiting from the experience of shibes like Elon.”
Because Musk has remained a vocal advocate of the Dogecoin and cryptocurrencies in general, his alleged ties to the Dogecoin Foundation did not raise any red flags until the Tesla CEO disputed his involvement with the organization.
In August, a Doge-supporting organization threatened imitation Dogecoin 2.0 (DOGE2) with legal action in an attempt to protect the original Dogecoin’s market reputation and position.

The foundation board members include Gary Lachance, Jens Wiechers, Timothy Stebbing, Michi Lumin, and Ross Nicoll, who are the key creators and advocates of the dog meme-based crypto-coin. Billy Markus, the creator of

Dogecoin is said to be a member of the group.

The meme-coin is presently selling at $0.28, according to the Gadgets 360 crypto-price tracker (roughly Rs. 21).

AMC Theatres, a movie theatre operator located in the United States, began taking Dogecoin payments in October.

Musk also suggested at the time that Dogecoin handling costs should be cut to make ordinary purchases “viable” for the average user.

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