Elon Musk Investigated by SEC, Dogecoin ok or not? - Kakiforex | Forex markets for the smart money. Elon Musk Investigated by SEC, Dogecoin ok or not? Elon Musk Investigated by SEC, Dogecoin ok or not?

February 26, 2021

Elon Musk Investigated by SEC, Dogecoin ok or not?

 Too obsessed with Dogecoin (DOGE), Elon Musk is now being chased by the Securities and Exchange Commission (SEC) for allegedly manipulating DOGE prices.


Although the news has not yet been confirmed, the Tesla founder and millionaire is seen as not afraid to face the SEC. Instead, Musk felt it would be an interesting thing.


I hope they do! It would be awesome 🤣🤣


- Elon Musk (@elonmusk) February 25, 2021


As you know, Musk is so fond of the shiba inu currency that every time he chats on the social media site, Twitter is able to bring the price of DOGE to the highest level.


In fact, the figure also admitted that he made a purchase of some DOGE for his son, X Æ A-Xii on February 10, pushing the price of DOGE to jump more than 13%.



Maybe this currency started out as a meme but no one can deny its greatness which has now managed to gain market value of over $ 6 billion!


This is not a new thing for Musk because the SEC has filed lawsuits against him many times. In 2018, the SEC sued Musk for his tweets related to Tesla being considered too exaggerate.


Am considering taking Tesla private at $ 420. Funding secured.


- Elon Musk (@elonmusk) August 7, 2018


However, the issue was finally resolved amicably with Musk agreeing to step down as chairman of the board and including Tesla, each asked to pay a $ 20 million penalty.


Going back to the Dogecoin issue, in general Musk tweets clearly do not violate the law whether he owns or does not own DOGE because this currency is not under government control.


At the time of writing, DOGE is trading at $ 0.05, down 10% in 24 hours