Crypto-Law founder John Deaton tagged Elon Musk in a recent tweet and warned that tweets promoting the billionaire Dogecoin could create the same legal issues as Ripple and XRP.
John Deaton responded to someone’s tweet on Twitter. In the aforementioned tweet, while SEC chairman Gary Gensler complained about the unfairness of his long-running lawsuit against Ripple, a company that has more than 300 major financial institutions among its non-US customers, Elon Musk was criticized for freely raising the price of DOGE with his tweets.
Twitter user isn’t trying to get the SEC to sue Musk, but Deaton thinks it’s possible and has warned the boss of Tesla, SpaceX, Starlink and two smaller companies.
Be careful @elonmusk because @GaryGensler and the SEC might try and call #DOGE coin an investment contract with you and your companies. https://t.co/MNWGHKr7Qa
— John E Deaton (219K Followers Beware Imposters) (@JohnEDeaton1) May 27, 2022
