<ul><li>The US SEC body filed a lawsuit against X (formerly Twitter) owner Elon Musk over delayed disclosure of holding stakes in X.</li><li>Musk failed to meet the required deadline to disclose his Twitter stakes of more than 5% in 2022, before completing the purchase of the platform.</li><li>Musk's attorney dismissed the claims, stating that the regulator's action is an admission of its inability to present a legitimate case.</li><li>This lawsuit may impact the bull sentiments around Dogecoin cryptocurrency, of which Elon Musk is a prominent supporter.</li></ul>

American securities regulatory body sues Dogecoin ($DOGE) fan Elon Musk

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