SEC investigating Elon Musk?

[Ferki]

I witnessed this historic event, many traders won and many lost, this is normal, this is a cryptocurrency!!! If you answer the question about Elon Musk, my opinion on this issue is as follows! If he gets a fine, it's nothing for Musk, he will pay and will not spoil his reputation because of some tweet, by the way, they even put him in prison for tweets now. I respect this man, he is a legendary personality and his Martian programs will go down in the history of space exploration and the exploration of new planets!

New planets? If you mean unknown planets then I have to tell you Musk is not Captain James T. Kirk. If you say new planets, I have to tell you Mars is not that new.
Yuri Gagarin is a legend, Neil Armstrong and his colleagues are legends, but Musk Elon is a billionaire with great visions, and he may become a legend too. So far, he certainly hasn't deserved it
But we are grateful to him for crypto advertising.

[Debasco]

dont think they have case, because they did not have or possess concrete fact as to the basis of the allegation, and even though they Elon is not someone that an institute or any setting can just threaten or harass anyhow. ,

[pealr12]

There are rumors in the mill making rounds that the American Security and Exchange Commission SEC, are investigating the currently world richest man Elon Musk for his reportedly 'manipulative' tweets last month about Dogecoin. If true, do you think they have a case or is SEC trying to be a nuisance again?

Never new sec have time to follow up with something so trivia as a tweet, I mean the guy only made a tweet but he didn't directly tell people to go buy some dogecoin, it is their choice to make, (am no fan of Elon but we should learn to call a spade a spade.

[Bobcrypto]

Elon Musk investigation may be a wasted exercise by the SEC, even as the previous case in 2018 was unsuccessful. I am wondering the reasons behind SEC dogecoin investigation because i think that promoting a particular coin is not a bad idea but just individuals interest and likeness. Let watch out how this investigation plays out.

[owlest]

There are rumors in the mill making rounds that the American Security and Exchange Commission SEC, are investigating the currently world richest man Elon Musk for his reportedly 'manipulative' tweets last month about Dogecoin. If true, do you think they have a case or is SEC trying to be a nuisance again?

Any person in the media or social networks has the right to express their attitude to any events and processes that occur in the world. Including your opinion about any cryptocurrency. This is called freedom of speech. Elon Musk is not to blame for the fact that other people listen to his every word so much and react so much.
Therefore, Elon Musk's statements about Dogecoin or Bitcoin do not have any violations that could interest the SEC. In my opinion, these are only rumors and assumptions.

I understand your point perfectly, but SEC doesnt see it that way. Remember McAfee, the former antivirus turned crypto stalwart? He got into a mess with the authorities for something similar to this: promoting some ICOs. So one should be careful about utterances especially if you get a certain stage in lfe

This already looks more like a dictatorship of statements. But seriously, really, Musk could make good money on his statements, or rather, price manipulation.

In order for Elon Musk to be held accountable for statements regarding cryptocurrency on social networks, it is necessary to convey that he did it out of selfish interest and in the interests of others. Will the richest man on this planet still earn extra money for nothing? Do not make me laugh.
Someone has nothing to do and starts various fictional rumors.

Why not? Is there a lot of money? It’s not even a matter of what he earns, but of manipulating the market. Who likes it if one person pushes a multi-billion dollar market in one direction or the other?

[Jaephoenix]

There are rumors in the mill making rounds that the American Security and Exchange Commission SEC, are investigating the currently world richest man Elon Musk for his reportedly 'manipulative' tweets last month about Dogecoin. If true, do you think they have a case or is SEC trying to be a nuisance again?

Any person in the media or social networks has the right to express their attitude to any events and processes that occur in the world. Including your opinion about any cryptocurrency. This is called freedom of speech. Elon Musk is not to blame for the fact that other people listen to his every word so much and react so much.
Therefore, Elon Musk's statements about Dogecoin or Bitcoin do not have any violations that could interest the SEC. In my opinion, these are only rumors and assumptions.

I understand your point perfectly, but SEC doesnt see it that way. Remember McAfee, the former antivirus turned crypto stalwart? He got into a mess with the authorities for something similar to this: promoting some ICOs. So one should be careful about utterances especially if you get a certain stage in lfe

This already looks more like a dictatorship of statements. But seriously, really, Musk could make good money on his statements, or rather, price manipulation.

I hope you know his tweets made a lot of people buy Doge at a high, and that accounted for the huge sell off that happened with Dogecoin. So SEC can term it price manipulation and stick it on Elon Musk

[Thymoty]

I'm sure they won't be able to do anything. Elon Musk is one who has "ifluence" to the public. If the SEC is wrong to take action, the public will condemn them for abusing authority.

[Freemind]

@Thymoty even if the SEC investigated Elon Musk for his tweets (and his blatant manipulation), nothing would happen, the most that could happen to Elon is to receive a fine and I don't think he cares much about a fine. The measures to be taken in situations like this should be more extensive and not be left with fines or investigations, because most people have not realized what Elon has tried to do.

[Galley]

The SEC will most likely investigate this case, but nothing special will come of it. Elon Musk will once again receive advertising for himself as an extraordinary person who can literally push the crypto market in the right direction with just a few words. And the possible penalties cannot be compared with the possible income.

[Freemind]

@Galley one thing is what Tesla has done, that benefits cryptocurrencies in general, and something different is what Elon has done with Doge, they cannot be compared, what Elon has done with Doge is manipulation, to take the Doge market where he wants, not for the good of the market or the community.

[trofim21]

this person has everything, he is no longer interested in money, I think he wrote this tweet based on his real thoughts, no one pays him, especially since the coin is not quite young and has a good market trade

[Prime]

Another SEC drama, but it won't be easy as Elon Musk is a smart person. I am sure Elon Musk already aware of this possible problem since the very beginning. He is probably planning to do something to protect him from SEC right now. Then, SEC may have no chances to strike down Elon Musk because he knows what SEC wants.

[Freemind]

Hi @trofim21, I also don't think that what Elon Musk did (or tried to do) is for money. I think he did it for power, to have the power to control all of Doge's supply, which is why he spoke of the whales that have more quantity. Power and money always go hand in hand, and both power and money can corrupt anyone.

[Master107]

@Freemind
Yeah, Elon motives could be about power to manipulate and control to collect money as easy as he can in Doge. We all know crypto is volatile so not a big issue in case he did it for power and money. We are all aware about the market condition of fluctuations every now and then, and also everyone knows the risk. He is smart and can make impossible things to possible in human capabilities (he's not a god of Egypt  ).

[Freemind]

@Master107 I agree with you practically the entirety of your comment, but there is something I disagree with. The fact that Elon had to talk about Doge's whales, say that they have the most coins, and that this seems like centralization to him, has made him realize that he cannot do what he wants, or even try manipulating the market, I think for Elon it has been a lesson of humility.