Elon Musk, the CEO of Tesla and founder of SpaceX, has recently responded to the trending speculation of a possible investigation by the United States Securities and Exchange Commission (SEC) over his deliberate tweets targeted at pumping the price of Dogecoin (DOGE).
There were instances whereby, a tweet by the billionaire entrepreneur single-handedly initiated a meteoric rise in the price of DOGE, which has stirred demands for the SEC’s investigation into his so-called market manipulation.
Elon Musk Hopes the SEC Proceeds With the Investigation
The trending issue was brought up on Twitter a while ago by a pseudonymous crypto enthusiast known as Pope of Muskanity.
In response to the tweet, the billionaire founder of SpaceX displayed his readiness for the purported SEC’s investigation.
“I hope they do! It would be awesome.”
I hope they do! It would be awesome 🤣🤣
— Elon Musk (@elonmusk) February 25, 2021
Elon Musk’s Past Encounter with the SEC
As earlier stated, Musk’s frequent tweets about the meme coin have had a significant impact on its price action. Sometimes last week, he challenged Dogecoin whales to drop their massive positions, assuring them of payment in fiat if they follow his counsel.
Aside from this recent scenario, there have been instances whereby Elon Musk’s tweets were up for the SEC’s investigation.
In the past, the regulator accused the tech expert of securities fraud over his controversial “funding secured” tweet in relation to taking Tesla private. However, the case later ended in a settlement.
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