Elon Musk, the billionaire entrepreneur, is facing a lawsuit from the U.S. Securities and Exchange Commission (SEC) for failing to comply with a subpoena for his testimony related to his acquisition of Twitter/X shares. The SEC has accused Musk of not appearing for a testimony scheduled for September 15, which had been served to him in May 2023. The investigation is looking into potential securities fraud linked to Musk’s acquisition of Twitter shares while he was also purchasing stock in the social media company. In response to the legal action, Musk has expressed confusion and frustration on social media, claiming he is being continually scrutinized by various entities, including the Biden Administration and the SEC. He has also reaffirmed his dedication to safeguarding free speech, advancing electric vehicle technology, and exploring outer space. Alex Spiro, the attorney representing Elon Musk, commented in a statement, stating, “The SEC has already interviewed Mr. Musk several times in this misguided investigation, and we believe it’s time to bring it to a close.”The SEC’s lawsuit against Elon Musk has not had any negative impact on the Dogecoin price, which is currently trading at $0.06119 with a market cap of $8.6 billion.

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Information	Details
Geography	North America
Countries
Sentiment	neutral
Relevance Score	8
People	Elon Musk, Alex Spiro
Companies	SEC, X, Biden Administration, Twitter, U.S. Securities and Exchange Commission
Currencies	Ethereum, Bitcoin, Dogecoin
Securities	None