This Week on Crypto Twitter: Elon Musk Evasive on Deal Status, Do Kwon Denies...

[Jaya60]

Michael Saylor praised a crypto-friendly Lummis/Gillibrand proposal, and SEC suits are allegedly leaving over frustrations with Gary Gensler. On Monday, Musk made it clear in a letter to Twitter’s General Counsel that his $44 billion acquisition bid is “temporarily on hold” pending confirmation that less than 5% of the microblogging platform’s users are spambots. In the amended document, which was filed with the United States Securities and Exchange Commission, Musk accused Twitter of “actively resisting and thwarting his information rights.”

Alex Weprin, a journalist for The Hollywood Reporter, argued that Musk's latest move was either tactical or a sign of cold feet. Decrypt’s EIC thinks Musk's gripe about bots is his attempt to back out of the deal. Musk's apparent wiggling was the talk of Crypto Twitter, since many in the community have high hopes for the crypto features Musk would implement if he does buy Twitter.more