SEC Declares Top Cryptos as Securities, While Elon Musk Continues to Shill Dogecoin
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Despite SEC’s crackdown on exchanges and classification of certain cryptocurrencies as securities, Twitter CEO Elon Musk continues to promote Dogecoin
With his massive following of over 142.3 million users on Twitter, CEO Elon Musk recently took to the platform to promote his favorite digital currency, Dogecoin (DOGE). Musk, widely recognized as a prominent supporter of the industry’s pioneering memecoin, engaged in a discussion initiated by Pierre Rochard, the VP of Research at Riot Blockchain.
Sharing a screenshot from as far back as 2015, Pierre Rochard highlighted a statement made by Coinbase CEO Brian Armstrong, emphasizing the need for a singular focus on Bitcoin (BTC). Armstrong, in his earlier stance, regarded other emerging cryptocurrencies such as XRP, Stellar (XLM), and various altcoins as mere distractions.
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