Elon Musk under SEC investigation for DogECoin tweets
Tesla CEO Elon Musk may be investigated by the SEC by the US Securities and Exchange Commission for his flurry of Dogecoin tweets to cryptocurrency investors.
SEC IS SAID TO INVESTIGATE TESLA CHIEF EXECUTIVE MUSK FOR HIS TWEETS ON DOGECOIN: SOURCES FAMILIAR WITH THE MATTER #Dogecoins #Tesla
– First Squawk (@FirstSquawk) February 25, 2021
It should be remembered that, as part of Musk's agreement with the SEC following the "secured funding" affair, it involved the board of directors in approving Elon's future tweets. Too bad that Musk then violated this rule countless times, tweeting what he wanted even on financial matters and causing chaos in the crypto world. After all, he first launched DogECoin, then tried to cause a sell-0ff, a sellout:
If major Dogecoin holders sell most of their coins, it will get my full support. Too much concentration is the only real issue imo.
– Elon Musk (@elonmusk) February 14, 2021
and even support for those who sold DogECoin in cash ..
I will literally pay actual $ if they just void their accounts
– Elon Musk (@elonmusk) February 15, 2021
At this point he posted a tweet about DpogECoin's “Victory”
Literally pic.twitter.com/XBAUqiVsPH
– Elon Musk (@elonmusk) February 24, 2021
It seems that all these are already more than enough to justify the intervention of the SEC, also in view of DogECoin's performance after the interest created by Elon Musk
The SEC has dealt with virtual currencies multiple times, while failing to issue comprehensive, all-encompassing regulation. Surely consider Elon Musk's social intrusions create unwanted effects and potentially a colossal reward for speculators. Maybe elon is one of them, maybe not, but still the SEC seems to want to see clearly.
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The Elon Musk article under investigation by the SEC for tweets on DogECoin comes from ScenariEconomici.it .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/elon-musk-sotto-inchiesta-della-sec-per-i-tweet-su-dogecoin/ on Fri, 26 Feb 2021 14:58:45 +0000.