Musk Hints at Focus on SEC

BlockBeats News, November 22, the newly appointed co-director of the U.S. President-elect Trump's "Department of Government Efficiency" (DOGE) seems to be focusing on the efficiency of the U.S. Securities and Exchange Commission (SEC).

Minutes after SEC Chairman Gary Gensler announced he would resign on January 20 next year, Musk responded on X, "Does the SEC really only work in the office one day a month?"

Musk and the SEC have not been on good terms for many years.

In 2018, the tech billionaire agreed to pay a $20 million fine and step down as Tesla's chairman to settle a securities fraud investigation. The investigation stemmed from a tweet implying he had secured funding to take Tesla private. He was also under SEC investigation for disclosing stock purchase information before a takeover bid and mocked the agency as the "Shortseller Enrichment Commission." (Golden Finance)