On November 19, 2024, Elon Musk welcomes US President-elect Donald Trump to Brownsville, Texas, to view the SpaceX Starship rocket’s sixth test flight.
The SEC set a strict deadline of a few days last month, during the final days of the Biden administration, to demand that Elon Musk pay a settlement or face civil charges related to suspected securities violations during his $44 billion 2022 purchase of Twitter. In a post on social media, Musk revealed the information firsthand, saying, “Oh Gary, how could you do this to me?” about SEC Chair Gary Gensler.
A legal letter denouncing the “improperly motivated” ultimatum was attached, along with a smiley-face emoji: “We demand to know who directed these actions—whether it was you or the White House.” Regarding the occurrence, an SEC spokeswoman chose not to comment. A request for comment from the White House was not answered.
Musk has accused other investigative agencies of political harassment, including the SEC. The billionaire has often complained about government regulation, claiming that bureaucratic fanatics are preventing his companies from developing potentially life-saving ideas. Instead of Joe Biden, who appointed Gensler, Musk spent over a quarter-billion dollars to assist elect Donald Trump, who will soon be in the White House. Trump has already appointed a new SEC head.
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