SEC sues Musk
The U.S. Securities and Exchange Commission (SEC) has sued Elon Musk, saying the world's richest man failed to disclose that he acquired "beneficial ownership" of Twitter in early 2022 so he could buy shares at a lower price.

The U.S. Securities and Exchange Commission (SEC) has sued Elon Musk, saying the world's richest man failed to disclose that he acquired "beneficial ownership" of Twitter in early 2022 so he could buy shares at a lower price.
Recommended reading for tonight: 1. From Wells Notice to Prosecution: The US SEC Goes After Consensys; 2. Blink Will Revolutionize the Internet: Take a Look at More Than 50 Creative Ideas That Can Be Created with Blink; 3. What are the chain abstraction solutions that need attention?
The SEC’s enforcement division says it’s ending its investigation into Ethereum, but Consensys says the fight is not over.
The company cautioned that a potential reversal by the SEC of its stance, maintained since 2018, regarding Ether's classification as a security, could have dire consequences for the network, potentially stifling innovation within the US.
The SEC said that by offering the MetaMask wallet software, Consensys acted as an unregistered securities broker.
Golden Finance launches the 2307th issue of "Golden Morning 8", a morning report on the cryptocurrency and blockchain industry, to provide you with the latest and fastest news on the digital currency and blockchain industry.
Coinbase's legal clash with the SEC underscores the complexity in cryptocurrency regulation's evolving landscape.
Kraken faces SEC charges over regulatory breaches and fund mismanagement, intensifying the clash between crypto platforms and regulatory oversight.
The suit comes a day after the SEC sued Binance.
In response to the U.S. Securities and Exchange Commission's denial of a request to convert its Bitcoin trust into an ...