Legal advisers have warned that Tesla chief executive Elon Musk could come under investigation by the US Securities and Exchange Commission over its social media activity around Bitcoin.
Monday, February 8th. 8 Tesla announced in the SEC filing that it has purchased ઇન 1.5 billion worth of Bitcoin and will soon begin accepting BTC payments. Shortly thereafter, property prices skyrocketed to a new all-time high of 48,000.
LinkedIn’s partner and former head of the SEC’s implementation division, Dav Davis Davis, told the UK’s Telegraph newspaper:
With the chief executive’s tweets, bitcoin pricing and recent dramatic market moves focused on, the SEC would not be surprised to ask questions about the facts and circumstances here.
“The SEC will look into this,” said Vittor Constanceio, a former vice president of the European Central Bank.
When Tesla made this investment was not disclosed. In December, Musk said Tesla could buy Bitcoin, and this was followed by several statements that supported Bitcoin. Bitcoin continued and Tesla appreciated the investments. SEC The 5 /
– Vittor Constanceio (@VMRconstio) February 8, 2021
The SEC and the Commodity Futures Trading Commission have the ability to investigate if they have any suspicions about market manipulation.
Musk on Twitter Shilling Bitcoin and DojiE voiced on many occasions that contributed to its high-level contribution to bitcoin activity on social media platforms. The dog gained a new all-time high following Musk’s support.
There is little doubt that Tesla’s public intimidation in Bitcoin, and its .5 influ. Musk’s impressive tweets to millions of followers have contributed to this latest price increase.
He is also currently shilling Dozecoin with this tweet from Modirat on February 10, stating that he is buying the asset. Dogg increased 13% after that particular tweet a few hours ago.
Bought some dogasine for Lil X so she could be a toddler
– Elon Musk (elonmusk) February 10, 2021
The musk bird is no stranger to controversy; He has previously been accused of posting false information on Kovid-19 related platforms and shutting down one of his factories.
In another incident it Suggested That Tesla stock prices were too high, resulting in a subsequent price slide. The SEC sued Musk for fraud, making “false and misleading tweets” to the Tesla chief, but only then did it reach a settlement with the regulator.
