DOGE’s Elon Musk is in a fix with the SEC and Gensler: ‘Oh Gary, how could you do this to me?’
The post DOGE’s Elon Musk is in a fix with the SEC and Gensler: ‘Oh Gary, how could you do this to me?’ appeared on BitcoinEthereumNews.com.
Tesla CEO Musk’s political influence continues to rub certain individuals the wrong way. His battle with the US Security and Exchanges Commission (SEC) is very much alive, and with outgoing chair Gary Gensler still in office, the political war is undoubtedly far from over. Gary Gensler and the SEC have revived an investigation into Musk’s company, Neuralink. The regulator issued a 48-hour notice for the DOGE co-head to agree to a monetary settlement or face several charges. Elon Musk shared a letter from his attorney, Alex Spiro, confirming the allegations on his official X account, in which he remarked, “Oh Gary, how could you do this to me?” Neuralink has long been scrutinized by several government agencies since 2023 when lawmakers expressed concerns over the safety of its brain implants. The company is now being criticized for overstating its product’s safety features, fueling doubts about its reliability. The back and forth between Musk and Gensler With the new charges coming in, Musk’s attorney, Alex Spiro, addressed SEC Chair Gary Gensler in a letter posted on the social media platform X. Image of the letter Elon Musk’s lawyer shared in response to the SEC’s legal action. Source: @elonmusk (X) The December 12-issued letter highlights that the SEC has given Musk a 48-hour window to agree to a settlement, or he will face charges on “numerous counts.” However, the SEC has not disclosed the specifics of these allegations; instead, it is referring to a multi-year investigation into Neuralink. Musk’s attorney described the ongoing investigations as an “unwavering campaign” to target the billionaire, given his strong ties to President-elect Donald Trump, another “foe” of Gary Gensler. The Tesla CEO doesn’t lack confidence when speaking about his feelings toward the financial regulator. When the US SEC chair first announced his resignation, Elon Musk took…
Filed under: News - @ December 13, 2024 1:23 pm