Last minute bad news from DOGE and Elon Musk in America: Survey

While Elon Musk’s comments on Twitter drew global repercussions, U.S. officials took an important step.

US Treasury: Twitter and foreign investors…

The U.S. Treasury Department has opened an investigation into whether Elon Musk has authority to investigate the $44 billion Twitter takeover. The key move comes after Senator Chris Murphy of the Foreign Relations Subcommittee sent a letter to the Committee on Foreign Investment in the United States (CFIUS) requesting a review of the treaty. The agency believes the involvement of non-U.S. entities, including Saudi Arabian and Qatari investors, poses a national security risk. It is also unclear whether CFIUS officials at the Treasury Department are aware of the terms that give large foreign investors access to information. According to experts, censorship requests from big platforms like Twitter are critical. Experts also stressed that the impact of Elon Musk’s acquisition of Twitter on U.S. national security will be examined. However, he noted that the probability of being affected is low.

Meanwhile, Elon Musk fired some executives after taking control of Twitter as interim CEO. The Tesla CEO also tried to fire some of his employees. In addition, Musk has decided to offer Twitter’s “Blue” subscription service to US customers for $8 a month. But prices are adjusted based on the purchasing power of other countries. Elon Musk, known as a Dogecoin fan, has previously hinted at support for Dogecoin (DOGE) on Twitter. However, Binance CEO “CZ”, who invested $500 million in the Twitter deal, believes that Twitter should support multiple cryptocurrencies, not just DOGE and BNB.

Is the rally sustainable?

Dogecoin price is currently at $0.138, down 4% over the past 24 hours. However, DOGE price surged more than 130% after Elon Musk bought Twitter. The emoji coin is up 40% in just two days this week, thanks to the connection between Twitter, Musk and Dogecoin. As such, Dogecoin proponents believe that the world’s most popular meme coin will eventually land on the moon.

While the DOGE community has been expressing support for Musk on Twitter, everyone has wondered what DOGE’s next move is. According to some analysts, Dogecoin’s rally seems hard to sustain in the process. We’ve seen the same story before, with Dogecoin’s all-time high of $0.74 in nearly 10 years. Analysts warn of hype.

Source of information: Compiled from COIN-TURK by 0x information.The copyright belongs to the author Serkan Aydın and may not be reproduced without permission

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