{"id":189611,"date":"2021-02-26T15:52:41","date_gmt":"2021-02-26T12:52:41","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/sec-probe-of-dogecoin-tweets-would-be-awesome\/"},"modified":"2021-02-26T15:52:41","modified_gmt":"2021-02-26T12:52:41","slug":"sec-probe-of-dogecoin-tweets-would-be-awesome","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/sec-probe-of-dogecoin-tweets-would-be-awesome\/","title":{"rendered":"#SEC probe of Dogecoin tweets would be ‘awesome’"},"content":{"rendered":"

“#SEC probe of Dogecoin tweets would be ‘awesome’<\/strong>”<\/p>\n

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Elon Musk is ready for a rematch with the Securities and Exchange Commission.<\/p>\n

The billionaire Tesla chief app<\/a>eared to welcome rumors that the agency was probing his Twitter<\/a> posts about Dogecoin, his favorite meme-inspired cryptocurrency.<\/p>\n

\u201cI hope they do! It would be awesome,\u201d Musk tweeted<\/a> Thursday, adding two emojis of a face crying with laughter.<\/p>\n

The world\u2019s second-richest man was responding to unconfirmed chatter about the alleged SEC investigation. <\/p>\n

Financial news<\/a> service First Squawk reported the probe\u2019s existence in a Thursday tweet<\/a>, citing unnamed \u201csources familiar with the matter.\u201d But the outlet didn\u2019t provide any further details and no other reports have confirmed the purported investigation.<\/p>\n

The speculation came more than two years after Musk\u2019s famous Twitter-related tangle with the SEC. <\/p>\n

Regulators fined him $20 million and forced him to step down as Tesla\u2019s board chairman in September 2018 after he tweeted that he had \u201cfunding secured\u201d to take the electric-car maker private at $420 a share.<\/p>\n

\"The
The Dogecoin speculation came more than two years after Elon Musk\u2019s famous Twitter-related tangle with the SEC.<\/figcaption>
Yuriko Nakao\/Getty Images<\/span><\/figcaption><\/figure>\n

The surprise claim caused Tesla\u2019s shares to surge, but the SEC found Musk hadn\u2019t locked down any financing for the purported deal and that he settled on the $420 price because he \u201chad recently learned about the number\u2019s significance in marijuana culture.\u201d<\/p>\n

Musk took a defiant stance toward the agency in a December 2018 \u201c60 Minutes\u201d interview<\/a>, saying, \u201cI do not respect the SEC.\u201d He also tweeted<\/a> a suggestive jab at the commission last July: \u201cSEC, three letter acronym, middle word is Elon\u2019s.\u201d<\/p>\n

Musk\u2019s Twitter posts have indeed helped drive up the price of Dogecoin, whose value has surged more than 800 percent this year even though it started as a joke based on an internet meme of a Shiba Inu dog.<\/p>\n

Musk caused a spike on Wednesday by tweeting a photoshopped image<\/a> of the cryptocurrency\u2019s canine mascot planting a Dogecoin flag on the moon. He\u2019s also moved the market by claiming he bought some Dogecoin for his infant son and raising concerns about \u201cconcentration\u201d of the coin\u2019s ownership.<\/p>\n

Dogecoin was recently trading down 9.7 percent at about 5.1 cents amid the hubbub about the alleged SEC probe.<\/p>\n

The SEC didn\u2019t immediately respond to a request for comment early Friday.\n <\/p><\/div>\n