• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Elon Musk and the SEC: Accusations over Twitter Share Purchase

user avatar

by Giorgi Kostiuk

3 months ago


Elon Musk, a prominent businessman and friend of President-elect Donald Trump, is at the center of SEC's attention due to his actions during the purchase of Twitter shares.

Elon Musk's Conflict with the SEC

The SEC filed a lawsuit against Elon Musk in a Washington, D.C. federal court, claiming he missed the deadline for filing mandatory documents while acquiring a stake in Twitter in 2022. According to the SEC, this delay led to shareholder losses exceeding $150 million.

The Future of the SEC under Trump's Administration

Donald Trump has nominated Paul Atkins, a known critic of strict regulation, to lead the SEC. However, the final decision in Elon Musk's case remains with the SEC commissioners, and Trump's influence does not guarantee a change in the case's course.

A Prolonged Legal Battle

The case against Elon Musk has been prolonged due to his actions and the slow pace of the process. Despite attempts to delay the proceedings, the SEC remains determined to hold Musk accountable for the alleged violations. It's noteworthy that the fine amount the SEC demands from Musk reaches a record $200 million.

The situation between Elon Musk and the SEC remains tense, and its development will be closely monitored in both legal and political circles.

0

Share

Other news

Institutional Inflows Boost Bitcoin Recovery

Institutional investments drive Bitcoin's recovery: Resistance at $88K before the $150K target.

user avatarGiorgi Kostiuk

a minute ago

Major $90 Million BTC Transfer from Binance Spurs Bullish Market Speculations

As Bitcoin hits $87,892, a large $90 million transfer from Binance prompts bullish market speculations.

user avatarGiorgi Kostiuk

2 minutes ago

Crypto Market Under Pressure from Trump's New Tariffs

Trump's new tariffs caused a brief crypto market drop, but investors see opportunities in policy clarity.

user avatarGiorgi Kostiuk

3 minutes ago

Technical Issues Lead to Pi Network's Exclusion from Binance

Binance excluded Pi Network from 'Vote to List' due to technical issues.

user avatarGiorgi Kostiuk

3 minutes ago

New Grayscale ETFs Aim for Income from Bitcoin Volatility

Grayscale introduces Bitcoin Covered Call ETF and Bitcoin Premium Income ETF, focusing on income strategies tied to Bitcoin volatility.

user avatarGiorgi Kostiuk

3 minutes ago

Innovative Bitcoin ETFs by Grayscale: Steady Income for Investors

Grayscale launches Bitcoin Covered Call and Bitcoin Premium Income ETFs for generating stable income by adapting to market volatility.

user avatarGiorgi Kostiuk

14 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.