Elon Musk criticized the SEC after being sued for allegedly failing to disclose a substantial stake in X (formerly known as Twitter) before his acquisition of the platform.
What Happened: Elon Musk called the SEC on Wednesday on X a “totally broken organization” that is focusing on trivial cases and ignoring many genuine crimes that go unpunished.
The SEC alleged Musk’s omission to disclose his stake in Twitter allowed him to acquire the company at an artificially low price.
Dogecoin co-founder Billy Markus, known pseudonymously as Shibetoshi …
Full story available on Benzinga.com