Crypto, Fentanyl, And Candy: Why Are Dogecoin Co-Creator, Elon Musk Slamming California Over 'Skittles Ban'
Portfolio Pulse from Mehab Qureshi
Billy Markus, co-creator of Dogecoin, criticized California's new law banning certain food additives, which was initially dubbed the 'Skittles ban'. Elon Musk also expressed his disbelief at the ban. The news comes amid concerns raised by Senator Elizabeth Warren about the role of cryptocurrencies, including Dogecoin and Bitcoin, in funding illicit activities such as the fentanyl trade.
October 10, 2023 | 6:32 am
News sentiment analysis
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NEGATIVE IMPACT
Concerns raised by Senator Elizabeth Warren about Bitcoin's role in funding illicit activities such as the fentanyl trade could negatively impact Bitcoin's reputation and price.
Senator Warren's concerns about Bitcoin's role in funding illicit activities could draw negative attention to Bitcoin and potentially impact its price negatively.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 70
NEGATIVE IMPACT
Dogecoin co-creator's criticism of California's new law and concerns over crypto's role in illicit activities could impact Dogecoin's reputation and price.
The co-creator's criticism of the new law could draw negative attention to Dogecoin. Additionally, concerns over cryptocurrencies' role in illicit activities, including Dogecoin, could negatively impact its reputation and price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80