Controversial entrepreneur Elon Musk has had another run-in with the US Securities and Exchange Commission (SEC). The case revolved around a request from the SEC to impose sanctions against Musk because he had missed a mandatory meeting. However, Tesla’s CEO no longer has to fear, as the court has rejected the request.
Musk missed a meeting related to the $44 billion acquisition of Twitter, now known as X. Instead, he opted to attend a rocket launch by his company SpaceX. Judge Jacqueline Scott Corley ruled that this was not a reason to impose sanctions. Although the battle with the SEC appears to be over for now, Musk is expected to face new legal challenges in the future, partly due to his involvement in government projects and SpaceX’s space missions.
Future challenges for Elon Musk
Although Musk has achieved this legal victory, it is expected that he will again have to deal with complex lawsuits in the future. His increasing involvement in government projects, such as SpaceX’s planned missions and his ambitious initiative to establish the Department of Government Efficiency (DOGE), makes him a focal point for regulation and oversight.
Musk supports pro-Bitcoin candidate for Treasury Secretary
Musk continues to show his pro-crypto stance. He recently expressed his support for Howard Lutnick as the candidate for the next Secretary of the Treasury in the United States. Lutnick, CEO of Cantor Fitzgerald, is known for his positive attitude towards Bitcoin (BTC) and his plans to integrate crypto into the traditional financial world. According to Musk, Lutnick can bring about much-needed economic changes with his innovative ideas.
However, Lutnick will face competition from Scott Bessent, founder of Key Square Group, who is also positive about Bitcoin. Yet Lutnick is more outspoken in his views on crypto and its role in the future.
Temporary promotion: receive €25 free at Bitvavo
To celebrate the price increase, the Dutch crypto exchange Bitvavo is offering an exclusive promotion in collaboration with Newsbit: all new customers temporarily receive €25 free when they create an account via the button below and deposit €20.
Claim your €25 free and create an account with Bitvavo
Don’t miss this opportunity to benefit directly from Bitcoin’s growing popularity!
Source: https://newsbit.nl/elon-musk-wint-juridische-strijd-tegen-de-sec/
