Elon Musk continues to talk about Dogecoin on social media despite the tension caused by the SEC lawsuits.
Elon Musk tweets Dogecoin amid SEC tensions
About an hour ago, former Twitter CEO Jack Dorsey gave his support to Riot Blockchain executive Pierre Rochard, who recommended that ‘Coinbase focus on Bitcoin again’. cryptocoin.com As we reported, the US regulator SEC filed a lawsuit against Coinbase today on similar grounds, after suing Binance yesterday.
Doge to win
Elon Musk left a comment in this tweet, “Doge ftw (For the Win)”. It should be noted that the message came when the US regulator SEC increased the number of altcoins that it describes as securities to 61 and caused a sharp decline in the market.
“Coinbase needs to focus on Bitcoin again”
Pierre Rochard, Riot Vice President of Blockchain Research, is referring to what Coinbase CEO Brian Armstrong said in 2015 in the tweet above, which caught the attention of Jack Dorsey and Elon Musk.
Armstrong said on this date, “Ripple, Stellar and Altcoins are all distractions. Bitcoin is way ahead of them. “We have to focus on Bitcoin and side-chains,” he said. Shortly before Binance faced SEC lawsuit on recent Coinbase. A New York-based exchange will now need to revise its plans.
Rochard’s reminder comes from recent securities designations by the SEC in some of the industry’s biggest altcoins, including Cardano (ADA) and Solana (SOL). With the conversation now gaining momentum, a number of industry leaders, including Twitter Founder Jack Dorsey, seem to agree with the focus on Bitcoin.
Elon Musk, who participated in the conversation, simply tweeted; “Doge ftw” said “Dogecoin to earn”. Musk’s tweet wasn’t enough to raise the price of DOGE, which lost 3.5% on the day.
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