Lawyer John Deaton tagged Elon Musk in a recent tweet and warned that the famous billionaire could face the same legal trouble as Ripple – XRP due to his tweets promoting Dogecoin. John Deaton did this while responding to a question from the JayBlessed901 twitter account.

In a tweet to which John Deaton responded, JayBlessed901 complained about the injustice of SEC Chairman Gary Gensler in his long-running lawsuit against Ripple, a company that has more than 300 major financial companies among its non-US clients, while Elon Musk's tweet He complained that he was freely raising the price of DOGE with his .

Although the Twitter user did not intend to get the SEC to sue Musk, Deaton said it was possible and warned the bosses of Tesla, SpaceX, Starlink and two small companies. According to the attorney, Gensler and the SEC could identify Dogecoin as an investment contract linked to Musk and his companies and sue for it.

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On the other hand, it seems that the so-called Elon Musk influence on the price of Dogecoin is gradually decreasing. A Dogecoin tweet by Elon Musk on a weekday pushed the largest dog-themed cryptocurrency up for no more than 23 seconds. Tesla CEO trolled those who use the word "billionaire" in his tweet for this price pump, and wrote "Dogecoin Trilionaire" in a humorous language.

Elon Musk last tweeted for Dogecoin (DOGE) on Friday, announcing that "Tesla products can be purchased with Dogecoin, and SpaceX products will be available soon." After this tweet, the price of Dogecoin went up to $ 0.09.

Ripple (XRP) price changed hands at $0.386 at the time of writing, while the last 24-hour trading volume was $1,545,626,894. XRP price is down -0.8% in the last 24 hours.