It is reported that the US Securities and Exchange Commission has investigated Tesla CEO Elon Musk’s Twitter posts about Dogecoin, the joke token, according to the relevant sources.
As is known, the frequent tweets that Musk made about Dogecoin had a great impact on price movements.
It is not the first time that the “former Docoin CEO” faces the SEC because of his Twitter posts. In the past, the SEC accused Musk, known as the richest man in the world, of securities fraud for his controversial tweet to keep Tesla secret before he signed with Tesla. The SEC stated that Musk, who announced that Tesla shares will be purchased for $ 420 and the necessary financing will be provided, gave false and misleading information and manipulated the share value. Tesla shares fell 13 percent after the SEC filed a lawsuit against Elon Musk, and the company’s market value decreased by $ 7 billion.
The SEC is currently on the agenda of the crypto community with the Ripple case. But it seems that Musk’s name may be more frequently referred to with the SEC in the days to come.
Update: Elon Musk responded to these allegations, albeit briefly. Under a Twitter post where the SEC was investigating him, Musk said, “I hope it’s true. This would be great, ”he wrote.