Elon Musk welcomes US President-elect Donald Trump to Brownsville, Texas, on November 19, 2024, to watch the launch of the SpaceX Starship rocket’s sixth test flight. In the final days of the Biden administration, the SEC last month gave Elon Musk a few days to pay a settlement or face civil prosecution for allegedly violating securities laws when he bought Twitter for $44 billion in 2022. Musk revealed the information on social media, writing, “Oh Gary, how could you do this to me?” about SEC Chair Gary Gensler.
“We demand to know who directed these actions whether it was you or the White House,” he said in a legal letter opposing the “improperly motivated” ultimatum, but he also sent a smiley-face photo. A SEC representative chose not to comment on the event. The White House did not answer an inquiry.
Musk has accused the SEC of political harassment but has also resisted other investigation agencies. Long a critic of government control, the billionaire has portrayed himself as a victim of bureaucratic fanatics impeding his enterprises’ potentially life-saving advances. In place of Joe Biden, who appointed Gensler, Donald Trump, whom Musk spent over a quarter-billion dollars to help elect, will soon be in the White House.
Also Read:
Trump Declared his Intention to cancel Birthright Citizenship
