‘The SEC Might See Dogecoin As An Investment Contract Between Him And His Companies,’ a Ripple attorney warns Elon Musk.

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Last Updated on September 25, 2022 by Bitfinsider

The news comes only months after Musk stated that the famous memecoin could be used to buy Tesla products, such as electric cars and accessories.

Attorney Deaton does not want Tesla CEO Elon Musk to fall prey to the SEC.

Following his tremendous support for Dogecoin, Counsel John Deaton, an outspoken attorney in the Ripple v. SEC lawsuit, has warned Tesla CEO and founder Elon Musk to tread carefully in order to avoid getting into trouble with the Securities and Exchange Commission (SEC).

Ripple Attorny response came following Elon Musk’s announcement yesterday, in which he revealed that his SpaceX will accept Dogecoin for items in the near future. Elon Musk’s statement came after he announced that the popular memecoin could be used to buy Tesla products, including electric automobiles and other accessories, a few months ago.

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