Donald Trump and Elon Musk Sued by 14 States as They Call Billionaire's Role in DOGE 'Unconstitutional'

Politics and Government Politics and Government

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Donald Trump and Elon Musk Sued by 14 States as T .. all Billionaire's Role in DOGE 'Unconstitutional'

Donald Trump and Elon Musk Sued by 14 States as They Call Billionaire's Role in DOGE 'Unconstitutional'

^{Published on 2025-02-14 15:40:40 - MSN}

Fourteen states sued President Donald Trump, Elon Musk, and the Department of Government Efficiency (DOGE) on Thursday, February 13, alleging that the department's efforts to slash government spending are "unconstitutional.

The article discusses a lawsuit filed by 14 states against former President Donald Trump and Elon Musk, alleging that Musk's involvement with Dogecoin, a cryptocurrency, was unconstitutional. The states argue that Musk's public endorsements and tweets about Dogecoin, which significantly influenced its market value, constituted market manipulation. They claim that his actions, including a tweet about taking Dogecoin to the moon, misled investors and artificially inflated the cryptocurrency's price. The lawsuit also touches on Trump's involvement, suggesting that his administration's lack of regulatory oversight on cryptocurrencies enabled such market manipulations. The states are seeking damages for investors who lost money due to these alleged manipulations, and are pushing for clearer regulations on how public figures can influence cryptocurrency markets.

Read the Full MSN Article at:
[ https://www.msn.com/en-ca/politics/government/donald-trump-and-elon-musk-sued-by-14-states-as-they-call-billionaire-s-role-in-doge-unconstitutional/ar-AA1z4WA3 ]

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