- Circulating online rumors suggest that Elon Musk might be under investigation
- The SEC might be probing the Tesla CEO for his Dogecoin Tweets
- The billionaire faced restrictions before over his comments on Tesla’s private offering
Back in 2018, Elon Musk was charged with Securities Fraud for “misleading Tweets”. Because of this, it became a known fact that the Securities and Exchanges Commission is actively monitoring the billionaire’s Twitter account.
Now, Musk may be under the investigation of the SEC once more over his Tweets that promote Dogecoin to the crypto community.
According to audio-based financial newswire Squawk, the SEC is investigating Musk:
— First Squawk (@FirstSquawk) February 25, 2021
While the rumor has been circulating, it has not been confirmed. Still, despite the rumors of SEC investigation, the billionaire CEO of Tesla still continues to Tweet about his favorite crypto.
Elon Musk has always maintained a positive stance when it comes to blockchain and cryptocurrency. Recently, Tesla also showed their hope in crypto through the purchase of $1.5 billion worth of bitcoins.