DOGE Rallies 3.72% as Musk Forced to Testify, House of Doge Investigated

On FEB 6 2026, Dogecoin (DOGE) rose by 3.72% within 24 hours to reach $0.09088. Despite the short-term gain, the cryptocurrency has faced a broader bearish trend, declining by 11.97% over the last seven days and by the same percentage over the past month. Year-to-date, DOGE has lost 21.87% of its value. The price movement comes amid intensifying legal and regulatory scrutiny tied to two high-profile developments involving Elon Musk and the House of Doge.

Legal Action Forces Musk to Testify in DOGE-Related Lawsuit

U.S. District Judge Theodore Chuang ruled that Elon Musk must testify under oath in a lawsuit accusing him of unlawfully directing the dissolution of the U.S. Agency for International Development (USAID) while serving as a senior White House adviser in 2025. The ruling came after the judge rejected the Trump administration’s request to dismiss the case.

Musk, who was the public face of the short-lived Department of Government Efficiency (DOGE), was found by the court to possess "personal, first-hand knowledge" of the agency’s closure. His social media activity, in which he publicly credited himself for the decision, was cited as key evidence supporting the requirement for sworn testimony. The judge emphasized that Musk does not clearly qualify as a "high-ranking government official" under the "apex doctrine," which would otherwise afford him legal protections.

The lawsuit, brought by current and former USAID employees and contractors, alleges that the agency’s dismantling was carried out without proper legal authority. The Justice Department continues to represent Musk’s interests in the matter.

House of Doge Under Investigation for Alleged Money Laundering

Separately, the House of Doge, the corporate entity behind Dogecoin, has drawn scrutiny in Italy as part of a money laundering investigation involving Triestina, a third-tier football club. Italian police conducted searches at club offices and the residences of 15 individuals linked to the team as part of the probe.

Triestina was acquired by the House of Doge in September 2025 from LBK Capital. The investigation focuses on alleged financial irregularities, including the use of invoices for non-existent transactions totaling approximately €900,000, as well as misrepresentations in the club's balance sheet. Authorities are examining whether millions of euros flowed into the club between 2022 and 2025 through companies based in Italy and abroad.

In a statement, Triestina acknowledged the investigation and affirmed its willingness to cooperate with judicial authorities. The club has been deducted 23 points in the last year due to missed tax payments and administrative violations, leaving it at the bottom of its league.

Implications for DOGE Amid Legal and Financial Pressures

The mounting legal challenges surrounding both Elon Musk and the House of Doge may influence investor sentiment in the short and medium term. While DOGE has seen a temporary rebound on FEB 6 2026, the underlying legal uncertainties could weigh on its long-term trajectory. Analysts project that ongoing investigations may delay institutional adoption and regulatory clarity for the cryptocurrency.

As Musk faces the prospect of a deposition, and the House of Doge continues to defend its financial practices, the DOGE ecosystem remains under intense public and regulatory scrutiny. The outcome of these legal proceedings could have broader implications for the governance and legitimacy of cryptocurrency-backed ventures.