CryptoLaw firm founder and host John Deaton has warned Elon Musk that his crypto project could face the same legal problem over his frequent tweets promoting Dogecoin as Ripple (XRP) suffers. Deaton mentioned the wealthiest man in the world while responding to the tweet of a person named JayB, who criticized SEC’s Gary Gelson over the Ripple’s suit.
The user, in the tweet, complains that SEC’s chairman has no fair policy for all virtual assets. They urged Ripple, which has over 300 connections with financial institutions outside the U.S, has been facing legal barriers while Elon Musk has been freely controlling the price of his Dogecoin via tweets.
Elon tweets about $DOGE & it jumps #Ripple has a deal with just about every major financial institution & $XRP still gets suppressed bc Gary Gensler is holding them, hostage .. thanks for your protection Gary.
It does not mean that twitter’s random user wants SEC to sue Elon Musk, but Deaton has expressed his doubts and warned the...
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