Consumer

Protestors call for the stop of Elon Musk’s involvement in cryptocurrency

Published June 7, 2021 7:50 AM

(KYMA, KECY/ NBC News) - A handful of demonstrators protested outside Tesla's Fremont, California factory on Sunday over CEO Elon Musk's involvement in cryptocurrency.

Members of the new cryptocurrency "Stopelon" said that Musk has far too much power over the cryptocurrency market.

For example, Musk's praise of the joke currency Dogecoin led to that currency's raise and his announcement that tesla would no longer accept Bitcoin sent the price down a heavy 10%.

Protesters say the goal of their new cryptocurrency movement is to take on Musk from inside his own company.

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Cole Johnson

Cole Johnson is News 11’s Sports Director.

Contact Cole at cole.johnson@kecytv.com.

NBC News

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