Source: C Labs Crypto Watch

The U.S. Securities and Exchange Commission (SEC) has sued Elon Musk, saying the world’s richest man failed to disclose that he received “beneficial benefits” from Twitter in early 2022 ownership” so he can buy the stock at a lower price.

The SEC filed the lawsuit in federal court in Washington, D.C., on January 14, claiming that Musk’s late disclosure that he held shares in Twitter (now "buy stocks at low prices" and "pay at least $150 million at a low price" Yuan"

Regarding this matter, Musk responded forcefully:

"The SEC is a rotten organization.

Dang. When so many crimes go unpunished, they spend their time "The SEC's years-long harassment campaign against Musk culminated in this," Musk's lawyer Alex Spiro said. A tough complaint

Today. The SEC’s action is that they are looking for trouble.

Musk has done nothing wrong, and everyone thinks this is a scam.”

As a fan of our crypto community, It would be nice to see the SEC fight Musk.

In the past, when encryption projects were targeted by the SEC, they just fined them obediently. But now that Musk and the SEC, who have the power of life and death to lay off American personnel, are confronting them head-on at this critical time, it will help to kill them. The arrogance of killing the SEC.

However, the current SEC leadership group cannot survive for a few days. When Trump takes office next week, several members, including Chairman Gensler, will resign.

The people who will be replaced by then will all be Trump’s own nominees, and many of the lawsuits brought by the new leader will be dismissed.

So it’s interesting to sue Musk at this point in time, and it just means it’s a bit disgusting to you~

Musk will face more challenges in the future, according to Napoli According to a TI/RMG Research survey, 80% of federal managers who voted for Harris said they would resist Trump's efforts, while just 1% said they would support him to some extent.

Musk’s top tweet is like a fighter, saying that “the huge federal bureaucracy and the unconstitutional fourth department will do everything possible to thwart the will of the people.” ”

(The fourth sector refers to interest groups outside of legislation/judicial/enforcement, editor’s note)