Hold onto your hats, folks! In a recent whirlwind of tweets and legal drama, Elon Musk has come out swinging against the U.S. Securities and Exchange Commission (SEC). After the SEC filed a lawsuit accusing him of dodging questions regarding his $44 billion acquisition of Twitter—now known as X—Musk is calling for a major shake-up within the agency.
The SEC Strikes: What’s Cooking?
The SEC is digging deep into Musk’s wallet-sized purchase of the social media giant to see if it crossed any ethical boundaries of regulatory supervision. On October 5, the SEC’s filing in a California District Court sought to compel Musk to answer questions after he failed to show up for a scheduled testimony. According to the SEC, this isn’t just Musk being Musk—there are legal implications involved.
Musk Fires Back
In true Musk fashion, he took to X to express his discontent. In his own words, he believes that “a comprehensive overhaul of these agencies is sorely needed.
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