Elon Musk’s Twitter page is often filled with memes and vague tweets that confuse the reader. Within crypto community the successful entrepreneur is best known for his love for dogecoin (DOGE) and he does not hide this. The outgoing Twitter CEO even has a lawsuit hanging over his alleged manipulation of the DOGE price.
Meanwhile, the popular meme-coin has once again secured a spot in a tweet that seems to have deeper meaning amid the new onslaught of the US. Securities and Exchange Commission (SEC) has launched against the overall crypto industry.
New DOGE tweet: reference to crypto war?
He shared a cryptic tweet that, upon reading it, many will have no idea what it refers to. Nevertheless, dogecoin fans immediately recognized the reference to the meme coin.
Cry ‘Havoc!’ and let slip the Doges of war
— Elon Musk (@elonmusk) June 10, 2023
The original sentence, “Cry ‘Havoc! And let slip the Dogs of war” , is a quote from William Shakespeare’s play Julius Caesar. Simply put, the phrase means to unleash chaos, violence or aggression.
With the timing of this tweet, a line can quickly be drawn with the U.S. financial regulator’s crackdown on Binance, Coinbase, and in a sense, the emerging industry as a whole. The SEC has launched an offensive against the huge crypto exchanges and has, among other things, labeled dozens of altcoins as ‘security’.
In the United States, securities can only be issued with proper licenses, so the SEC is accusing both Binance and Coinbase of violating federal securities laws. The SEC is also labeling the staking services as a security and Binance is also accused of committing fraud.
The SEC has not labeled dogecoin as a security, but the regulator has explicitly stated that the current list can be expanded.
Crypto industry on the counterattack
However, the link to the current crypto market turmoil remains pure speculation, as the context of Musk’s tweet remains unknown.
Cardano (ADA) founder Charles Hoskinson also indicated in his response to the SEC indictments that this is the perfect time for the crypto sector to join forces and come together for sound rules and guidelines that will support the emerging industry. help forward.