Elon Musk: None of my acquaintances are associated with the Dogecoin Foundation

Tesla CEO Elon Musk denied statements by the Dogecoin Foundation about the involvement of the head of his familyinvestment firms Jared Birchall.

"Neither Jared, nor I, and no one I know has anything to do with this organization," Musk wrote in a comment on Twitter.

Neither Jared, nor me, nor anyone I know has anything to do with this foundation

— Elon Musk (@elonmusk) October 24, 2021

Founded in 2014 by the Dogecoin Foundation withtime ceased to exist, until it resumed operations in August this year. Birchall remains listed as Musk's partner, representing Tesla's CEO as an advisor to the project.

The Dogecoin Foundation calls its goalsupporting cryptocurrency development, including development, trademark protection and roadmap definition. In September, the organization filed claims against the organizers of the Dogecoin 2.0 (DOGE2) project for violating the rights to the cryptocurrency brand.

In a separate commentary under the post of Dogecoin co-founder Billy Markus, Tesla CEO also noted that Twitter has become a platform for the spread of cryptocurrency fraudulent schemes.

Despite Musk's remarks, Dogecoin continuedgrow on Sunday, and within a week its rate has risen by 5%. At the same time, the most famous imitator of the meme cryptocurrency Shiba Inu (SHIB) has risen in price by 50% over the past two days and reached a new all-time high at around $ 0.00003954.

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