You’re hereCEO Elon muskSaid he would host a SECONDinvestigating her tweetssure Dogecoin.
- “Hope they do! That would be great,” he tweeted in response to talk about a possible investigation.
- Crypto skeptics have criticized approvals of coins like Dogecoin, fearing massive losses.
Elon Musk said it would be “impressive“if the Securities and Exchange Commission investigates its tweets promoting the
“I hope they will! That would be great,” he tweeted on Thursday. The billionaire was responding to unverified reports that he could be subject to regulatory scrutiny for his constant boasting of the coin.
Musk’s tweet frenzy about the joke-based token on January 28 quadruple its price in just four hours. His most recent tweets, including one that said “on the real moon”, sent Dogecoin up 25%. Earlier this month, he said he bought some for his 9-month-old son, X Æ A-Xii. Crypto-skeptics have criticized the blue approvals of cryptocurrencies, warning of their influence on the market. “Headlines, tweets and endorsements lead the masses to invest in cryptocurrency with the aim of getting rich quick, but many overlook market volatility resulting in big losses,” said Natasha Wren, account manager senior at The PHA Group.
Musk has had clashes with the SEC before. The agency sued him in 2018 after saying it secured the funding needed to privatize Tesla, alleging that Musk was not as close to securing funding for the deal as he had indicated.
The two sides reached a settlement, under which he had to step down as chairman of Tesla’s board for three years and pay a fine of $ 20 million. Musk also has pushing to the agency, saying that the middle initial in “SEC” means Elon.