Close Menu
Cryprovideos
    What's Hot

    Hackers Goal Android Customers' Financial institution Accounts As New Malware Turns into 'International Risk': Report – The Day by day Hodl

    June 6, 2025

    Circle inventory worth skyrockets 234% in lower than half-hour inflicting a number of buying and selling halts

    June 6, 2025

    NVIDIA's Blackwell Structure Units New Efficiency Requirements in MLPerf Coaching

    June 6, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Crypto News»Crypto Neighborhood Reacts to US SEC Lawsuit Towards Elon Musk
    Crypto Neighborhood Reacts to US SEC Lawsuit Towards Elon Musk
    Crypto News

    Crypto Neighborhood Reacts to US SEC Lawsuit Towards Elon Musk

    By Crypto EditorJanuary 15, 2025No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Crypto Neighborhood Reacts to US SEC Lawsuit Towards Elon Musk

    Cowl picture through U.Right this moment

    Disclaimer: The opinions expressed by our writers are their very own and don’t signify the views of U.Right this moment. The monetary and market data supplied on U.Right this moment is meant for informational functions solely. U.Right this moment shouldn’t be answerable for any monetary losses incurred whereas buying and selling cryptocurrencies. Conduct your individual analysis by contacting monetary consultants earlier than making any funding choices. We imagine that each one content material is correct as of the date of publication, however sure gives talked about might not be accessible.

    On Tuesday, the U.S. Securities and Alternate Fee (SEC), led by Gary Gensler, filed a lawsuit in opposition to tech billionaire Elon Musk. The regulatory company accused Musk of failing to reveal his giant stake in Twitter earlier.

    Based on an SEC rule, traders should declare possession above 5% inside 10 calendar days. In Musk’s case, the SEC mentioned he disclosed a 9.2% stake in Twitter on April 4, 2022, as an alternative of March 24, 2022. Musk ultimately bought Twitter for $44 billion in October 2022 and renamed it X.

    In its lawsuit, the SEC sought to pressure Musk to pay a civil wonderful and disgorge undeserved income.

    Reactions from crypto neighborhood

    Associated

    Elon Musk Issues Crypto Tax Pepe Frog Post: Details

    A number of market stakeholders have taken to the X platform to share their ideas on the SEC’s lawsuit in opposition to Musk. Commenting on the brand new improvement, Dogecoin cofounder Billy Markus, recognized on X as Shibetoshi Nakamoto, mentioned the lawsuit doesn’t make sense.

    He questioned why the SEC would sue Elon Musk for purchasing Twitter at “artificially low costs.”

    He reiterated that trade analysts mentioned Twitter was solely price about $30 billion on the time. Nonetheless, Musk paid $44 billion for the social media platform.

    the sec is suing elon musk for purchasing twitter at “artificially low costs” despite the fact that he purchased it for $44 billion and trade analysts mentioned it was price extra like $30 billion?

    nothing is smart man

    — Shibetoshi Nakamoto (@BillyM2k) January 14, 2025

    Different neighborhood members assume the lawsuit is an assault in opposition to Dogecoin (DOGE). Recall that Musk strongly helps the meme coin, and his exercise with DOGE normally sparks new rallies.

    High crypto lawyer MetaLawMan commented, “There goes the SEC Enforcement funds. Revenge of the DOGE.” It’s price noting that Elon Musk can be meant to steer the Division of Authorities Effectivity (D.O.G.E) within the subsequent administration.

    With a brand new U.S SEC Chairman set to take over quickly, it stays unclear how the lawsuit will pan out.

    Enhancements on X

    Intriguingly, the SEC lawsuit solely got here shortly after Musk introduced new updates on X. 

    Associated

    Dogecoin Founder Issues Big DOGE Post, Responding to Elon Musk's X Call

    As reported by U.Right this moment, the replace is concentrated on reputation-based content material rating to enhance the person expertise. For example, accounts with greater blocking may have a a lot smaller attain, decreasing their general affect.

    Regardless of the current lawsuit in opposition to Musk, DOGE is exhibiting upsides. Throughout the final 24 hours, DOGE has elevated by 4.14% to commerce at $0.3597, per knowledge from CoinMarketCap.





    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    JPMorgan Chase to Settle for Crypto Collateral: Ought to You Retailer Your Crypto in a Pockets Like Finest Pockets?

    June 6, 2025

    Crypto customers fail ‘primary situational consciousness’ at occasions, says Kraken

    June 6, 2025

    Coinbase Provides Fartcoin and Subsquid to Itemizing Roadmap, Value Positive aspects Comply with

    June 6, 2025

    BlackRock Boosts Crypto Holdings with Over $350M in BTC and ETH

    June 6, 2025
    Latest Posts

    BlackRock Boosts Crypto Holdings with Over $350M in BTC and ETH

    June 6, 2025

    Breaking: Monumental Whale Will get Liquidated as Bitcoin Worth Sinks Decrease

    June 6, 2025

    Bitcoin dives under $102k amid fading momentum and macro uncertainty

    June 6, 2025

    Ross Ulbricht’s large Bitcoin donor tied to Silk Highway successor Alphabay: Report

    June 6, 2025

    Bitcoin Dangers Dropping Beneath $100,000 as Day by day Liquidations Close to $1 Billion

    June 6, 2025

    Bitcoin Faces Key Take a look at as Fed Uncertainty and Market Exhaustion Collide

    June 6, 2025

    $621,550,000 in Bitcoin and Crypto Liquidated As Trump-Musk Meltdown Hits Important Mass – The Day by day Hodl

    June 6, 2025

    Elon Musk Flags U.S. Debt Disaster, Backs Bitcoin Reserve Shift

    June 6, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    Ripple's Prime Government Stresses Ripple's Tireless Struggle Towards Gensler's SEC

    May 11, 2025

    Drained Of Crypto Losses? Observe Sensible Dogecoin Wallets Who Have Piled Hundreds of thousands Into This 10000x Altcoin | Dwell Bitcoin Information

    March 11, 2025

    MegaETH Neighborhood Drops An NFT To Have a good time MegaETH Testnet

    April 26, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.