Crypto-Law founder John Deaton tweeted to warn Musk that he could get him into legal trouble similar to Ripple’s if he frequently tweeted about Dogecoin.
John Deaton responded to the tweet by Twitter user @JayBlessed901. @JayBlessed901 said it feels unfair to SEC Chairman Gary Gensler’s long-running lawsuit against Ripple, which has more than 300 major financial firms as customers outside the US. Musk, on the other hand, can tweet to push the price of DOGE up.
In this regard, John Deaton said that the SEC is likely to sue Musk for this. Gary Gensler and the SEC may decide that Musk and his company are investing in Dogecoin.
DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.