In 2018, Elon Musk was accused by the SEC of Securities Fraud for “misleading Tweets.” Therefore, it has become a known fact that the Securities and Exchanges Commission actively monitors the billionaire’s Twitter account.
— First Squawk (@FirstSquawk) February 25, 2021
Musk may once again be under SEC investigation for his Tweets promoting Dogecoin to the crypto community.
SEC investigates Musk, according to Squawk
While the rumor is circulating, it has not been confirmed yet. Yet despite rumors of the SEC investigation, Tesla’s billionaire CEO continues to tweet about his favorite crypto.
— Elon Musk (@elonmusk) February 24, 2021
Elon Musk has always taken a positive stance when it comes to blockchain and cryptocurrency. Recently, Tesla has also emphasized its belief in the cryptocurrency industry by purchasing $ 1.5 billion of bitcoin.