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Elon Musk has revealed the branding for his proposed Department of Government Efficiency (DOGE) on X (formerly Twitter), confirming the Shiba Inu, a symbol closely tied to Dogecoin, as the departmentâs official mascot.
Department
Of
Government
Efficiency
â Elon Musk (@elonmusk) September 12, 2024
Muskâs Legal Victory and Ongoing Support for Dogecoin
The announcement followed Muskâs recent legal win in a U.S. court, which dismissed accusations that he and Tesla misled investors through their promotion of Dogecoin. The U.S. District Court for the Southern District of New York ruled that Muskâs social media statementsâsuch as calling Dogecoin the future currency of Earthâwere aspirational, not deceptive.
Musk and Tesla had been accused of participating in a pump-and-dump scheme and insider trading regarding Dogecoin. However, the court found these allegationsâŠ
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