The Securities and Exchange Commission sued Elon Musk
Did Elon Musk, the CEO of the social network company “X”, violate the securities laws to buy this social platform in 2022? Or not, the US Securities and Exchange Commission has officially sued Musk and forced him to appear in court to testify for the purchase of the former Twitter social network in May, despite a subpoena from the SEC for Musk. He did not appear in his testimony session for the 44 billion dollar transaction related to the purchase of the Twitter social network.
The US Securities and Exchange Commission filed a complaint against Elon Musk in order to find out the truth about Musk’s violation of securities laws. This institution is connected to the federal The Reserve claimed that it needs Elon Musk’s testimony to clarify this issue. Currently, the SEC’s investigation of Musk’s statements to find the truth about the purchase of Twitter continues, and the executive order for Elon Musk’s compliance with the commission’s investigation is pending a court ruling, as You know, not long ago, Musk made decisions to turn Twitter into a super financial application.
In this regard, it should be said that Dogecoin may be used in this platform, but currently these controversial decisions of Elon Musk are tied to the complaint of the Securities and Exchange Commission. The publication of this news in the reliable media has reduced Dogecoin currency to below 0.06 dollars, which can be seen the fear of the holders of this currency from not being sure of the increase in the price of Dogecoin. Thank you for paying attention to this short news. “