A Crypto Influencer Questions Elon Musk Over XRP Account Suspension
A crypto influencer known as Crypto Eri has reached out to Elon Musk to seek clarification on the suspension of an XRP-related account on X, the platform formerly known as Twitter. The account in question, @digitalassetbuy, was known for its strong support of XRP, the native digital currency of Ripple Labs Inc. This incident has raised concerns among X community members, with lawyer John Deaton questioning whether this is an isolated case or a resurgence of censorship.
Musk Under SEC Scrutiny
Recent reports reveal that Elon Musk is facing an investigation by the SEC regarding his $44-billion acquisition of Twitter, which he later renamed X. The inquiry specifically focuses on potential violations of federal securities regulations related to Musk’s stock acquisitions and the statements and filings he made about the X acquisition. Musk acquired a 9.2% stake in Twitter in March 2022, becoming the majority shareholder. However, this purchase was not disclosed in an SEC filing until the following month. The SEC’s investigation became public when they filed a lawsuit against Musk and compelled him to testify.
Hot Take: Concerns Over Account Suspension and SEC Investigation Surrounding Elon Musk
Elon Musk is facing criticism from a crypto influencer for suspending an XRP-related account on the platform formerly known as Twitter. This incident has raised questions about potential censorship within the X community. Additionally, Musk is under scrutiny from the SEC for his acquisition of Twitter and potential violations of federal securities regulations. The investigation revolves around his stock acquisitions and the statements and filings he made regarding the acquisition. Musk’s refusal to testify in the SEC inquiry has further fueled concerns. The outcome of both these incidents remains uncertain, leaving stakeholders eagerly awaiting further developments.
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