Ripple’s Lawyer Warns Elon Musk About His Dogecoin Tweets.

May 28, 2022

It’s been well established that Musk’s tweets cause Dogecoin’s price to jump.

Ripple lawyer John Deaton asked Musk to be careful as the SEC might try and call Dogecoin an investment contract with him and his companies.

As reported earlier, Elon Musk announced that SpaceX will now support Dogecoin payments for its merchandise. 

Ripple’s lawyer quote retweeted a tweet that noted how Dogecoin jump’s everytime Musk tweets and how XRP is being suppressed by SEC. 

Deaton implied that the SEC could charge Musk for promoting Dogecoin to people. 

Ripple is currently in the middle of a lawsuit with the SEC for its cryptocurrency XRP. 

Earlier today, Musk hinted that “one day” users would be able to pay Starlink’s subscription with Dogecoin.