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The U.S. Securities and Exchange Commission (SEC) has been in the news regarding a legal tussle with Ripple. Now, Tesla Chief Elon Musk has also planned to land into the legal battle with the SEC. Musk dropped some straight signals regarding his plans against the commission. It looks like Ripple is not alone in the fight against SEC.
Musk and Tesla are already into a long legal battle against the SEC. This time worldâs richest man admitted that he is building a case against the federal agency to boost his camps.
âI didnât Start It But Will End Itâ
A Twitter user dropped his random theory regarding Elon ramping up with evidence to go against SEC publicly. To this Elon, himself confirmed that yes this is âexactly what Iâve been doingâ.
Building a case is exactly what Iâve been doing
â Elon Musk (@elonmusk) February 23, 2022
Musk did not stop here as he further replied to another comment over Starting a fight with the SEC.
I didnât start the fight, but I will finish it.
â Elon Musk (@elonmusk) February 23, 2022
Elon Musk and Tesla are both ready and confident to go against the SEC as he expressed that he intends to finish it this time. Elon Musk has been unpredictable every time, recently he, via his attorney, accused the SEC of leaking information about a federal investigation to retaliate for his public criticism.
SEC and Musk have been into some intense battle. Back in 2018, SEC filed a case against ELON over his âfunding securedâ comment.
To counter this Musk went on a mission against the SEC. By calling the officialâs name, he claimed that the agency was working for people shorting the electric automaker. However, it didnât end Elonâs way as they both reached a settlement. Elon agreed to step down as the chairman of the board, while both Musk and Tesla had to each pay $20 million in fines.
This settlement helped Elon only as he doesnât wanted Tesla to pay for his comments and issue with the commission nor he can pay directly for the electric automakerâs part of the fine. He then went on to buy $20 million worth of shares from Tesla and ended up with 71,000 additional Tesla shares.
The post Elon Musk Takes Fight Directly to SEC; Ripple Not Alone In Fight Against SEC appeared first on CoinGape.
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