• Elon Musk, the current head, and owner of Twitter, has revealed that the U.S. government had access to users’ DMs under the previous management. 
• The prices of Bitcoin (BTC) and Dogecoin (DOGE) reacted negatively to the new development, as Doge sustained short-term losses, while Bitcoin fell below $30,000.

Speaking to Fox News, in a very recent interview, Elon Musk revealed that the U.S. government has access to every single event taking place on Twitter. Musk made an even more shocking revelation, saying that the U.S. government could access the Direct messages of Twitter users under the previous management. The Twitter boss told Fox News.

The degree to which various government agencies effectively had full access to everything that was going on at Twitter blew my mind.

Musk took to Twitter to highlight how the revelation is a solid reason why the media cannot be trusted for authentic and accurate news.

One popular crypto user WSBChairman highlighted the harm that giving access to the US government could cause. He compared it to the illegal government surveillance that was made public in 2013.

“Elon Musk just said the US government had full access to Twitter user activity, including spying on users’ DMs under previous management. This is almost as bad as the illegal government surveillance Edward Snowden exposed in 2013.” He wrote.

It might be possible that the U.S. government still has access to the direct messages of users on other social media platforms like Facebook, Instagram and many others.

“Based on this, it would be safe to assume that the US Gov still has complete access to our DMs and activity on other social media platforms like Facebook, Instagram, Telegram, and Google.” He added in another tweet.

Matt Wallace, another well-known Crypto proponent, has raised an alarm. Wallace echoed the sentiments of other Twitter users, asking to know if the involved parties will be arrested. He further implied that the United States Government is Pushing Closer to Implementing a China-like Social Credit Monitoring System.

Bitcoin (BTC) and Dogecoin (DOGE) drop following the news

Meanwhile, the prices of Bitcoin (BTC) and Dogecoin (DOGE) have dropped following the new revelation. Although it is uncertain if the news has any connection to the price drop, it is worth noting that Elon Musk’s tweets have previously influenced the price of different crypto assets in the past.

This April, Bitcoin broke $30,000 for the first time in 10 months. As our data reveals, the apex cryptocurrency managed to stay above the $30,000 mark for a short period of time. The big bull has now taken a hit, declining to a press time price of $29,882. While Bitcoin still has the capacity to retest $30,000, the bulls will need to first clear hourly losses sustained at this time.

In a similar fashion, Elon Musk’s favorite memecoin Dogecoin (DOGE) took a hit following the news. The altcoin shed gains, and 24-hour losses climbed up to 3%. However, at the time of this report, DOGE bulls have made a 360 turn, clearing all of its hourly losses. Trading at a price of $0.09, Dogecoin is up 4% in the last hour. At report time, 24-hour and 7-days gains sit at 3.13% and 12.33% respectively.

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