Dogecoin (DOGE) recently found itself entangled in the latest developments in the financial world. As the digital currency followed the broader market’s downward trend, news broke that the US Securities and Exchange Commission (SEC) had taken legal action against Binance and Coinbase.
This unexpected turn of events drew the attention of none other than Elon Musk, the influential entrepreneur and self-proclaimed “Dogefather.”
With Dogecoin’s value taking a hit and the SEC’s lawsuit causing ripples across the crypto community, Musk couldn’t resist responding to the unfolding situation.
Coinbase should pivot back to being focused on #Bitcoin pic.twitter.com/RFKzKTKMko
— Pierre Rochard (@BitcoinPierre) June 6, 2023
Elon Musk Again Champions Dogecoin
As news of the SEC’s lawsuit against Coinbase broke, Pierre Rochard, the vice president of research at Riot Platforms, on Twitter emphasized the importance of refocusing the exchange’s attention on Bitcoin. Rochard’s su
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