Tesla Inc CEO Elon Musk has denied that Jared Birchall, head of his family office, was on the advisory board of the re-established Dogecoin foundation.
In a recent tweet on Saturday, Musk said that neither he, Birchall, nor his associates are involved.
Ross made an important note about advisors and the @DogecoinFdn. For example, Jared Birchall represents @elonmusk, but as all advisors he has no direct voting rights. This guarantees the foundation stays independent while taking advantage of the expertise of shibes like Elon.
— Mishaboar (@mishaboar) October 23, 2021
Musk鈥檚 statement caused a lot of confusion within the meme coin community. However, his denial indicates the foundation was misleading in saying a Musk representative was affiliated with the organization.
Earlier, the renewed Dogecoin Foundation announced that it had relaunched, with Birchall, Ethereum co-founder Vitalik Buterin and Dogecoin co-founder Billy Markus joining its board of advisors.
According to the official website of the organization, the composition of the board remains the same.
In September, the foundation showed its teeth by threatening legal action against copycat Dogecoin 2.0 (DOGE2) to protect its cryptocurrency brand.
In another tweet, Musk has also complained about the ongoing crypto scams in the market.
Plus crypto scams haha
— Elon Musk (@elonmusk) October 24, 2021
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Pezou : Tesla CEO Elon Musk Denies His Partner Is Affiliated With Dogecoin Foundation