Elon Musk Could Face SEC Investigation Over Teslaâs Bitcoin Buy, Lawyers Warn
The U.S. Securities and Exchange Commission (SEC) could investigate Elon Musk over Tesla’s $1.5 billion bitcoin purchase, some legal experts have warned, including a former SEC enforcement officer. Given the timing of Tesla’s bitcoin purchase and Musk’s multiple tweets on the subject, some say that the SEC will look into the matter.
Elon Musk Could Face an SEC Probe
Regulators could probe Tesla CEO Elon Musk over his company’s bitcoin purchase, the Telegraph reported Tuesday. Last week, an SEC filing reveals that Tesla bought a substantial amount of bitcoin in January. “We invested an aggregate $1.50 billion in bitcoin … we expect to begin accepting bitcoin as a form of payment for our products in the near future,” the filing reads.
With several countries across the world pushing for Central Bank Digital Currencies (CBDCs), several policymakers have lent their thoughts on the state of things. In Canada, [.]
Nouriel Roubini told CoinDesk he believes Elon Musk should be investigated by the SEC for "market manipulation." The economist, known as Dr. Doom for his pessimistic
Elon Musk Rages at Wallet, May Land in Hot Water from Regulators
Elon Musk. Source: A video screenshot, Youtube, Bloomberg.
Twitter, Elon Musk and crypto â hardly a minute seems to go by without a combination of the three dominating the headlines. And it looks like the Tesla supremo has been busy behind his keyboard again for a new spate of crypto-themed tweets at the time when American regulators could come after Musk for his Twitter activity.
He is now taking aim at the crypto wallet service
Freewallet and sharing Chuck Norris-themed memes â while regulators reportedly consider moving against him following