INX Limited CMO Douglas Borthwick on bitcoin, Dogecoin and which cryptocurrencies investors should pay attention to. <\/p>\n
Billionaire Elon Musk said Thursday that he would welcome a probeby the Securities and Exchange Commission (SEC)into his tweets aboutmemecryptocurrencyDogecoin.<\/p>\n
The Tesla and SpaceX CEO was responding to a tweet from a Musk fan account.<\/p>\n
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\"The SEC investigating dog memes sent by a memer about a memecoin is peak 2021,\" wrote@RationalEtienne, who has more than 19,000 followers.<\/p>\n
\"I hope they do! It would be awesome,\" Musk replied with two crying laughing emojis.<\/p>\n
Speculation regarding an investigation by U.S. regulators over his posts was set off by a tweet from a financial markets newswire called First Squawk, according to Newsweek.<\/p>\n
In its own tweet, First Squawk wrote that the \"SEC IS SAID TO INVESTIGATE TESLA CHIEF EXECUTIVE MUSK FOR HIS TWEETS ONDOGECOIN,\" according to \"SOURCES FAMILIAR WITH THE MATTER.\"<\/p>\n
Musk has repeatedly referenced Dogecoin over the past couple of weeks to his more than 48 million followers.<\/p>\n
On Wednesday, Musk tweeted a picture of the Dogecoin Shiba Inu planting a Dogecoin flag \"on the actual moon\" -- causing the price of Dogecoin to spike again --and on Feb. 21 he posted the phrase, \"Dojo 4 Doge.\"<\/p>\n
Earlier in the month, Muskclaimed he hadbought some for his 9-month-old son, X A-Xii.<\/p>\n
In addition, on Feb. 8 Tesla announced inan SEC filing that it had bought $1.5 billion worth of bitcoin.<\/p>\n
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No such investigation has been confirmed by the commission.<\/p>\n
Nevertheless, Musk has a checkered past with the SEC.<\/p>\n
In 2018, he was fined more than $20 million and forced to step down as Tesla's board chairman after tweeting he had \"funding secured to take the electric-car maker private at $420 a share.<\/p>\n
The announcement caused Telsa shares to surge, but the SEC said Musk had not hammered down financing for the alleged deal and the rocket scientist admittedhe had chosenthe $420 figure to make a joke about marijuana.<\/p>\n
In an interview with60 Minuteslater that year, Musk saidhe did not respect the agency and tweeted in the summer of last year: \"SEC, three letter acronym, middle word is Elons.\"<\/p>\n
However, speaking on the Clubhouse app at the end of January, Musk said that his jokes about Dogecoin \"are really just meant to be jokes.\"<\/p>\n
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Elon Musk: SEC probe over Dogecoin tweets would be 'awesome' - Fox Business<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" INX Limited CMO Douglas Borthwick on bitcoin, Dogecoin and which cryptocurrencies investors should pay attention to. Billionaire Elon Musk said Thursday that he would welcome a probeby the Securities and Exchange Commission (SEC)into his tweets aboutmemecryptocurrencyDogecoin. The Tesla and SpaceX CEO was responding to a tweet from a Musk fan account. Continue reading