Elon Musk says it would be ‘awesome’ if the SEC probes his tweets on Dogecoin

Elon Musk.

Britta Pedersen-Pool/Getty Images

Tesla CEO Elon Musk said he would welcome an SEC investigation into his tweets on Dogecoin. “I hope they do! It would be awesome,” he tweeted in response to chat about a potential probe.Crypto skeptics have lashed out at blue-tick endorsements of coins such as Dogecoin, fearing gigantic losses. Sign up here for our daily publication, 10 Things Before the Opening Bell.

Elon Musk said it’d be”awesome” when the Securities and Exchange Commission explores his tweets that encouraged the meme-based cryptocurrency, Dogecoin.

“I hope they do! It would be awesome,” he tweeted on Thursday. The billionaire was responding to unverified reports that he could be under regulatory scrutiny for his consistent touting of this coin. 

@elonmusk/Twitter

Musk’s tweeting spree concerning the joke-based market on January 28 created its cost quadruple in only four hours. His latest tweets, for example one that said”on the actual moon,” delivered Dogecoin soaring 25 percent. Earlier this month, he also said he purchased some for his 9-month-old son, X Æ A-Xii.

Crypto skeptics have lashed out at blue-tick endorsements of cryptocurrencies, warning against their influence over the industry. “Headlines, tweets and endorsements are leading the masses to invest in cryptocurrency in an aim to get rich quick, but many are overlooking the volatility of the market, leading to big losses,” said Natasha Wren, a senior account executive at The PHA Group.

Musk has had past clashes together using the SEC. The bureau sued him in 2018 later he said he had secured the funding required to accept Tesla personal, alleging that Musk wasn’t as close to acquiring financing for the deal as he signaled. 

@elonmusk/Twitter

Both parties reached a settlement, under which he had to step down as the chairman of Tesla’s board of supervisors for 3 years and cover a $20 million fine. Musk has additionally poked jabs at the bureau, stating that the middle initial in”SEC” stands out for Elon.

Read the first article on Business Insider

Article Source and Credit feedproxy.google.com http://feedproxy.google.com/~r/businessinsider/~3/PLCfnEpeX1c/elon-musk-sec-probe-dogecoin-tweets-would-be-awesome-2021-2 Buy Tickets for every event – Sports, Concerts, Festivals and more buytickets.com