Elon Musk opposed OpenAI CEO Sam Altman's proposal to launch a cryptocurrency token in early 2018, stating it would damage OpenAI's credibility. In a recent court filing, Musk's legal team argued that the initial coin offering (ICO) plan—developed just months after Musk raised concerns about converting OpenAI from a nonprofit to a for-profit—would result in a loss of reputation for the organization. Musk had previously told Altman and OpenAI's president Greg Brockman that he would cease funding the venture unless they committed to its nonprofit status. Following Musk's disapproval of the ICO, Altman and Brockman sought ways to structure a for-profit model. These statements come amid ongoing legal matters involving Musk, including a withdrawn lawsuit concerning his alleged manipulation of Dogecoin prices.

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