After Elon Musk’s hint… Ripple is not alone in the fight against SEC
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Answer After Elon Musk’s hint… Ripple is not alone in the fight against SEC
The US Securities and Exchange Commission (SEC) continues to make headlines regarding its legal battle with Ripple.
Now, the Tesla boss also plans to engage in a legal battle against the SEC.
Musk has sent some signals regarding his plans against the SEC, to show that Ripple is not alone in the fight against the SEC.
Musk and Tesla are already in a protracted legal battle against the Securities and Exchange Commission.
The world’s richest man has admitted this time that he is building a case against the commission and is in the process of furthering his case.
Building a case is exactly what I’ve been doingRead:3 Biggest US Banks Offering Bitcoin Futures Trading Services, Will Other Banks Follow?
– Elon Musk February 23 2022
Musk didn’t stop here, as he also responded to another comment about starting a fight with the SEC.
Both Elon Musk and Tesla are ready and confident to take on the SEC as they express their intent to end things this time.
As usual, Elon Musk is unpredictable.
Recently, through his attorney, he accused the SEC of leaking information about a federal investigation in retaliation for his public criticism.
The SEC and Musk got into some pretty intense fights earlier.
For example, in 2018, the SEC filed a case against Elon Musk over the suspension of secured funding.
Musk responded and told that the agency was working for people who were doing harm to his electric car company.
The dispute ended earlier between the two parties, with Musk agreeing to settle, step down as chairman of the board of directors, and pay a $20 million fine.
This settlement helped Elon Musk because he did not want Tesla to pay for his comments.
Musk then purchased $20 million worth of Tesla shares and ended up with an additional 71,000 shares in Tesla.Read:In numbers… Learn about BitMEX leveraged trading platform
According to new reports, the ongoing battle between “Elon Musk” and the SEC has become more difficult than before, as the SEC is investigating “Elon” and his brother for trading “Tesla” shares recently.
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