Dogecoin community rallies behind Elon Musk and X in battle against ADL 

TL;DR Breakdown

  • Dogecoin community rallies behind Elon Musk and X against ADL’s perceived threat to free speech.
  • Musk prepares to file a defamation lawsuit, and a Change.org petition gains traction as DOGE’s price rebounds amid the controversy.

Description

The Dogecoin community stands firmly behind tech entrepreneur Elon Musk and the newly rebranded X (formerly Twitter) in their ongoing battle against the Anti-Defamation League (ADL) over free speech issues. The controversy revolves around allegations that ADL’s actions have negatively impacted advertising revenue on the platform, prompting Musk to consider a defamation lawsuit against the … Read more

The Dogecoin community stands firmly behind tech entrepreneur Elon Musk and the newly rebranded X (formerly Twitter) in their ongoing battle against the Anti-Defamation League (ADL) over free speech issues. The controversy revolves around allegations that ADL’s actions have negatively impacted advertising revenue on the platform, prompting Musk to consider a defamation lawsuit against the international Jewish non-governmental organization.

Elon Musk has vocally criticized the Anti-Defamation League, alleging their pressure on advertisers has led to a decline in advertising revenue. He claims this is a direct result of the ADL’s influence on businesses to distance themselves from platforms that don’t align with their views or policies. Musk’s response has been to consider legal action against the ADL, claiming that their actions infringe upon the principles of free speech.

The Dogecoin community stands with Musk and X

The Dogecoin community, known for its enthusiastic support of Musk, has rallied behind him and X in their fight against the ADL’s alleged interference with free speech. Musk has consistently advocated for free expression on the platform, and the Dogecoin community shares his commitment to this principle.

Dogecoin co-founder Billy Markus, often known as Shibetoshi Nakamoto, and DogeDesigner have supported Musk and X in their battle against censorship. Musk has urged the Dogecoin community to voice their disagreement with any attempts to limit free speech on the platform.

To stop what they see as ADL’s attempts to censor free speech, a Change.org petition has been initiated. Elon Musk has thrown his support behind this petition, promising to restore free speech on X. The petition has garnered significant attention and has been shared by prominent members of the Dogecoin community.

Elon Musk’s defamation lawsuit

In a bold move, Elon Musk is preparing to file a defamation lawsuit against the Anti-Defamation League. Musk has vowed to release all relevant data related to the ADL and other organizations pushing for censorship on the X platform as part of this legal action. This legal battle underscores Musk’s commitment to defending the principles of free speech and challenging what he perceives as undue influence by external entities.

DOGE price recovers amid community support

Amid the growing show of solidarity from the Dogecoin community and Musk’s determination to fight for free speech, the price of Dogecoin (DOGE) has notably recovered. The price of DOGE has experienced a 1% recovery in response to the community’s support for Elon Musk and X in their struggle against the ADL. As of the latest data, DOGE trades at $0.063, with a 24-hour trading range between $0.0624 and $0.0637.

Although the trading volume had been relatively low due to concerns in September, recent developments have sparked a 10% increase in trading activity over the past 24 hours. This uptick in trading volume suggests renewed interest from traders and investors closely monitoring the situation.

Conclusion 

The Dogecoin community’s unwavering support for Elon Musk and X in their battle against the Anti-Defamation League showcases the importance of free speech principles in the digital age. Musk’s determination to defend these principles, even through a defamation lawsuit, has reinvigorated the DOGE market, leading to a price recovery and increased trading volume. The ongoing developments highlight the power of cryptocurrency communities to rally behind causes they believe in and influence the broader discourse on free speech in the digital realm.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

文章来源于互联网:Dogecoin community rallies behind Elon Musk and X in battle against ADL 

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年9月5日 18:53
Next 2023年9月5日 21:16

Related articles

  • SEC requests asset freeze on Binance.US amidst lawsuit alleging compliance failures

    TL;DR Breakdown The SEC has filed a lawsuit against Binance.US, Binance Global, and CEO Changpeng Zhao, alleging compliance and control failures. The commission has requested a temporary restraining order to freeze assets tied to BAM Management US Holdings and BAM Trading Services, the holding and operating firms for Binance.US. The U.S. Securities and Exchange Commission (SEC) has taken legal action against Binance.US, Binance Global, and Binance CEO Changpeng Zhao, filing a lawsuit that alleges a range of compliance and control failures. In a court filing on Tuesday, the SEC requested a temporary restraining order to freeze assets tied to BAM Management US Holdings and BAM Trading Services, the holding and operating firms for Binance.US. The SEC’s move aims to protect customer assets and prevent the dissipation of funds amid concerns about regulatory evasion and undisclosed financial transfers. Ensuring customer safety and asset preservation In its court filing, the SEC emphasized the necessity of expedited relief to safeguard customer assets. The regulatory body cited years of violative conduct, disregard for U.S. laws, and evasion of regulatory oversight by the defendants as…

    Article 2023年6月12日
  • MakerDAO co-founder proposes a Solana fork for NewChain development

    TL;DR Breakdown Rune Christensen, co-founder of MakerDAO, has proposed using a fork of Solana’s codebase to develop MakerDAO’s upcoming native chain, NewChain, as part of its “Endgame” upgrade. The proposal cites Solana’s technical quality, resilience, and successful past forks as key reasons for considering it over Ethereum, MakerDAO’s current platform. If the community approves the proposal, it could mark a significant strategic shift for MakerDAO and potentially impact the broader DeFi ecosystem Description Rune Christensen, the co-founder of MakerDAO, proposed a significant shift in the project’s technological foundation. Christensen suggested that MakerDAO’s upcoming native chain, known as “NewChain,” should be developed using a fork of Solana’s codebase rather than the Ethereum Virtual Machine (EVM). This proposal comes despite MakerDAO’s long-standing association with Ethereum. The rationale behind the proposal … Read more Rune Christensen, the co-founder of MakerDAO, proposed a significant shift in the project’s technological foundation. Christensen suggested that MakerDAO’s upcoming native chain, known as “NewChain,” should be developed using a fork of Solana’s codebase rather than the Ethereum Virtual Machine (EVM). This proposal comes despite MakerDAO’s long-standing association with…

    Article 2023年9月3日
  • DBA Crypto Struggles to Launch as Fundraising Falls Short

    TL;DR Breakdown DBA Crypto faces challenges as it struggles to launch due to reduced fundraising and key team members departing. Despite obstacles, DBA remains determined to identify promising crypto ventures while managing risks. DBA Crypto, a highly anticipated cryptocurrency fund launch of 2022, is still facing challenges in getting off the ground, according to recent filings with the Securities and Exchange Commission (SEC) and insider sources. The investment startup, which targeted raising a minimum of $500 million from external investors, had planned to launch in late 2022 or early 2023. However, three key members of the team have since left the company to pursue other crypto ventures. DBA Slashes Fundraising Target to $150 Million Sources familiar with the matter previously revealed that the firm had engaged in advanced discussions with potential anchor investors, including established crypto investment managers. Unfortunately, those plans did not materialize as expected. The New York-based startup had to significantly reduce its fundraising target from $500 million to $150 million, according to SEC filings. The funds are now divided between an onshore and an offshore version of…

    Article 2023年6月19日
  • US treasury deputy highlights true effects of China’s economic troubles

    TL;DR Breakdown US Deputy Treasury Secretary, Wally Adeyemo, discussed China’s deepening economic troubles. China faces long-term structural issues, including demographic changes and high debt. Description Dive deep into any global economic discussion today, and it’s hard to miss China’s looming financial storm. The US Deputy Treasury Secretary, Wally Adeyemo, has finally pulled back the curtain, revealing just how these troubles could ripple through world economies. While the US might stand on more solid ground, not everyone seems to be that … Read more Dive deep into any global economic discussion today, and it’s hard to miss China’s looming financial storm. The US Deputy Treasury Secretary, Wally Adeyemo, has finally pulled back the curtain, revealing just how these troubles could ripple through world economies. While the US might stand on more solid ground, not everyone seems to be that lucky. The China Crisis: More Than Just a Headline While China might boast significant resources to bail itself out of any short-lived downturn, the looming shadows of demographic shifts and snowballing debt cannot be ignored. Forget the immediate struggles; it’s these looming…

    Article 2023年9月12日
  • Hong Kong crypto race heats up as Companies vie for VASP licenses

    TL;DR Breakdown Crypto companies are gearing up for the race to capture the Hong Kong retail crypto trading market, with plans to apply for VASP licenses starting from June 1. The SFC recently declared that licensed VASPs could cater to retail investors starting June 1. The race to obtain VASP licenses in Hong Kong reflects the increasing recognition and acceptance of cryptocurrencies in the region. Several cryptocurrency companies are gearing up for the race to capture the Hong Kong retail crypto trading market, with plans to apply for Virtual Asset Service Provider (VASP) licenses starting from June 1. CoinEx, a Hong Kong-based crypto exchange, announced the launch of its local platform called BitHK and confirmed its intention to submit a VASP license application to the securities regulator on June 1. Similarly, Huobi‘s Hong Kong entity revealed that it was offering crypto trading services to local retail traders and had already submitted its VASP application to the Securities and Futures Commission (SFC) on May 29. Gate.io and BitMEX had also previously announced their applications and dedicated crypto trading services for the…

    Article 2023年6月2日
TOP