According to Reuters’ March 24, the five commissioners of the SEC have made a vote to decide whether to open a lawsuit against Musk. In the vote, four commissioners decided to file a lawsuit, while the only opposite vote came from the temporary president Mark Uyeda.

Uyeda was appointed as a temporary president on January 20 by US President Donald Trump. The Secret Commissioner Hester Peirce also supported the lawsuit with three other commissioners.

This is the background of the legal process initiated by SEC against Elon Musk. In 2022, Elon Musk bought Twitter for $ 44 billion and re -marked the social media platform as X.

Following Musk’s acquisition, SEC began to investigate whether Musk had violated any securities during this purchase.

After the purchase of Musk’s Twitter stocks, the SEC claimed that the purchase would hide the shares purchases for 11 days after the legally 10 -day period, and thus would save about $ 150 million by taking advantage of the decrease in stock prices.

With this situation, SEC filed a lawsuit against Musk on January 14th. In the case, after passing the 5%threshold of ownership of Musk, it was claimed that he did not take the stocks and did not report to the SEC.

The SEC accused Musk to delay the description and get more shares at lower prices and thus to provide a significant financial gain. Musk’s lawyer Alex Spiro considered this step of the SEC as a confession of the agency that they could not sue a real case ”.

In addition, Musk described the SEC as a “completely corrupted organization ünde on platform X and stated that“ many real crime ”was unpunished.

Immediately after the SEC decided to sue against Musk, the Government Agency, the Government Agency, Government Effeciency Department (Doge), under the direction of Musk, took action against SEC.

On February 17, Doge called on the public to declare all kinds of “waste, fraud and abuse” about the SEC. Musk also shared this message to 200 million followers in X. This movement was considered as an indication of Musk’s more harsh attitude towards the SEC.

The court files revealed that Musk should respond to the case against the SEC until April 4th. In this process, President Donald Trump also published a presidential decree to review the investigations of SEC and other federal agencies with “political motivations ..

Trump aims to re -evaluate the former administration’s operations. These developments seem to determine that Musk’s struggle with SEC will deepen further and how the legal process will be shaped in the coming period.

This process in which Elon Musk experiences with SEC is not just a case. It also raises an important debate in the crypto and finance world. The case’s lawsuit against Musk has led to a broader debate about financial regulations and securities laws.

This event also paves the way to question what kind of approach the SEC is and how effective the arrangements against the crypto industry are.