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Elon Musk Trolls SEC with "Dogecoin Meme Shield"

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Mon, 03/01/2021 - 20:26
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Alex Dovbnya
Elon Musk debuts his "Doge meme shield," trolling the SEC
Elon Musk Trolls SEC with "Dogecoin Meme Shield"
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Tesla CEO Elon Musk is refusing to stop tweeting about Dogecoin even amid rumors about the U.S. Securities and Exchange Commission being on his trail.   

The entrepreneur has now introduced his "Doge meme shield," in which memes serve as a soldier taking missiles and bombs from bears to protect the meme cryptocurrency's value from dropping.     

Dogecoin
Image by @elonmusk

Dogecoin instantly jumped over five percent following his tweet.  

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On Feb. 25, financial markets newswire First Squawk revealed that the SEC was planning to investigate Musk's Dogecoin tweet, citing anonymous sources.  

However, the billionaire doesn't appear to be deterred by another showdown with the regulator, tweeting that such an investigation would be "awesome."       

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.