Elon Musk Labels Majority of Crypto ‘Scams’ Even as X Pushes Financial News Integration

Elon Musk, testifying before an Oakland jury in his civil trial against OpenAI, was questioned about the company’s abandoned 2018 plan to raise capital through a crypto initial coin offering. He stated that ‘some of them have merit, but most of them are scams,’ characterizing the broad crypto market in terms sharper than any prior public statement.