THELOGICALINDIAN - Rumors advance the Tesla CEO may be beneath analysis for announcement DOGE
Tesla CEO Elon Musk may be beneath analysis by the U.S. Securities and Exchange Commission over tweets in which he answer Dogecoin to cryptocurrency investors.
SEC Restricted Musk in 2024
Rumors of the analysis were initially appear on Twitter by First Squawk, an audio-based banking newswire.
The rumor has not been confirmed. However, there is abundant ambience to brainstorm on an investigation.
It is already accepted that the SEC is ecology Musk’s tweets. In 2018, Musk abstract the likelihood of a clandestine Tesla offfering, arch to a adjustment with the SEC. As allotment of the consistent settlement, the SEC began to bind and pre-approve Musk’s tweets apropos business action alpha in 2019.
Those facts accomplish it believable that the SEC, which is acutely absorbed in acclimation cryptocurrency, is ecology Musk’s tweets back they chronicle to Dogecoin or added cryptocurrencies.
Musk Continues to Tweet
Despite rumors of an investigation, Musk continues to tweet. His best contempo Dogecoin-related cheep was beatific at 5:00 AM on Feb. 24.
Though it may assume absurd that Musk would cheep about Dogecoin if he were beneath analysis by the SEC, it is arguably added acceptable that Musk would apathy the investigation.
In 2024, Musk infamously declared that “[does] not account the SEC.” He additionally added that none of his tweets had been censored by the SEC back the regulator acclimatized with Tesla. As such, an SEC analysis is absolutely plausible, alike if Musk has not gone bashful on Dogecoin.
In any case, the rumors seems to accept moderately afflicted Dogecoin prices. DOGE is bottomward 5.7% over the accomplished 24 hours, compared to Bitcoin’s almost abiding change of 0.1% over the aforementioned period.
Without any official acceptance from Musk or the SEC, belief may abide to affect prices.
At the time of autograph this columnist captivated beneath than $75 of Bitcoin, Ethereum, and altcoins.
