Elon Musk: SEC investigation into Dogecoin tweets would be ‘unbelievable’


Billionaire Elon Musk said Thursday that he would welcome an investigation by the Securities and Exchange Commission (SEC) into his tweets about the cryptocurrency of memes Dogecoin.

The CEO of Tesla and SpaceX was responding to a tweet from a Musk fan account.

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“The SEC investigating dog memes sent by a memer about a memecoin is the peak of 2021,” wrote @RationalEtienne, who has more than 19,000 followers.

“I hope they do! It would be awesome,” Musk replied with two laughing and crying emojis.

Speculation regarding an investigation by US regulators into their posts was sparked by a tweet from a financial markets news cable called First Squawk, according to Newsweek.

In its own tweet, First Squawk wrote that “IT IS SAYED THAT THE SEC WILL INVESTIGATE CHIEF EXECUTIVE MUSK OF TESLA FOR HIS TWEETS ABOUT DOGECOIN,” according to “SOURCES FAMILY WITH THE MATTER.”

Musk has repeatedly referenced Dogecoin over the past two weeks to his more than 48 million followers.

On Wednesday, Musk tweeted an image of the Dogecoin Shiba Inu planting a Dogecoin flag “on the real moon”, causing the price of Dogecoin to skyrocket again, and February 21 posted the phrase, “Dojo 4 Doge”.

Earlier in the month, Musk claimed that he had bought some for his 9-month-old son, X Æ A-Xii.

Additionally, on February 8, Tesla announced in a filing with the SEC that it had purchased $ 1.5 billion worth of bitcoins.

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The commission has not confirmed the investigation.

However, Musk has a checkered past with the SEC.

In 2018, he was fined more than $ 20 million and forced to resign as chairman of the Tesla board after tweeting that he had “secured financing” take the electric car maker privately at $ 420 a share.

The announcement sent Telsa shares soaring, but the SEC said Musk had not cracked down on funding for the alleged deal and the rocket scientist admitted that he had chosen the $ 420 figure to make a joke about marijuana.

In an interview with “60 Minutes” later that year, Musk said he did not respect the agency and tweeted in the summer of last year: “SEC, three-letter acronym, middle word is Elon.”

However, speaking on the Clubhouse app in late January, Musk said that his jokes about Dogecoin “are really just meant to be jokes.”



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