The enigmatic Elon Musk, the self-proclaimed “Dogefather” and billionaire entrepreneur, made yet another public display of his loyalty to Dogecoin at the Super Bowl.
Elon Musk wore a t-shirt $ DOGE No. #SuperBowl He never misses a chance to shill the #Dogeco #DogecoinToTheMoon #DogecoinToTheMoon pic.twitter.com/VFyRcwYl2Z
— EvanLuthra.eth (@EvanLuthra) February 13, 2023
The controversial Tesla CEO showed off a Dogecoin T-shirt at the highly anticipated sporting event, as he continues to use his immense social media presence to publicize the cryptocurrency, often leading to a spike in its value.
Picture: @EvanLuthra.eth
Critics claim that Musk's rampant behavior and relentless promotion of the meme-inspired token helped fuel a speculative bubble. Despite its inherent lack of value, Musk insists on referring to Dogecoin as the “people’s cryptocurrency” and has even floated the idea that it could eventually become the world’s currency.
Will we have payment via DOGE on Twitter?
Payments of Dogecoin (DOGE) on Twitter could land Elon Musk in trouble at the SEC, XRP-friendly lawyer suggests.
In a recent tweet, XRP supporter John Deaton questioned whether Twitter CEO, Elon Musk, would be sued by the US Securities and Exchange Commission (SEC) if it allowed Dogecoin (DOGE) payments on its social media platform. Although Deaton believes such a scenario would be “ridiculous,” the legal expert does not exclude such a possibility.
The attorney, who has been extremely critical of the SEC, argues that the agency is "malicious." Twitter is seeking regulatory approval for a new payment system. Initially, it will only support fiat currencies, but Musk is also planning to add support for cryptocurrencies, according to the reports.
