SOL - Dogecoin Co-Creator Elon Musk Blast SEC For Denying Inherent Value Of Cryptos: 'Return All The Taxes…You Horrific Evil Hypocrites' | Benzinga
In a federal court case against Coinbase (NASDAQ:COIN), the Securities and Exchange Commission (SEC) has contended that cryptocurrencies lack any “innate or inherent value.” This argument has drawn criticism from Tesla CEO Elon Musk and Dogecoin (CRYPTO: DOGE) creator.
What Happened: Billy Markus, popularly known as Shibetoshi Nakamoto, co-creator of Dogecoin, took a jab at the SEC on social media platform X, stating, “then return all the taxes y’all made me pay for receiving it you horrific evil hypocrites.”
its realness is transitory — Shibetoshi Nakamoto (@BillyM2k) October 9, 2023
Musk quickly responded, questioning the SEC’s assertion, saying, “It’s real if you have to pay taxes, but otherwise not real?”
The SEC, in response to a motion filed by Coinbase to dismiss the agency’s lawsuit, petitioned the judge to reject Coinbase’s argument that cryptocurrency trading does not constitute an investment contract. The ...