Elon Musk Crushes SEC’s Attempt to Sanction Him Over Twitter Deal

CoinMarketCap11-23 18:34

Elon Musk has scored a major win against the SEC, as a federal judge rejected the agency’s push to sanction him for missing court-ordered testimony. The case, tied to Musk’s $44 billion Twitter ...

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The case, tied to Musk’s $44 billion Twitter ...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/6741afc4a815067fc232e6d7/\">Source Link</a>\n\n</div>\n","source":"coinmarketcap_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Elon Musk Crushes SEC’s Attempt to Sanction Him Over Twitter Deal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nElon Musk Crushes SEC’s Attempt to Sanction Him Over Twitter Deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-23 18:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://coinmarketcap.com/community/articles/6741afc4a815067fc232e6d7/><strong>CoinMarketCap</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Elon Musk has scored a major win against the SEC, as a federal judge rejected the agency’s push to sanction him for missing court-ordered testimony. The case, tied to Musk’s $44 billion Twitter ...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/6741afc4a815067fc232e6d7/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TWTR","symbol_name":"Twitter","start_time":0,"source_url":"https://coinmarketcap.com/community/articles/6741afc4a815067fc232e6d7/","article_id":"2485277942","we_media_id":null,"thumbnails":["https://academy-public.coinmarketcap.com/srd-optimized-uploads/97fa43e1484b4edba18cae5fe250ab6d.webp"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485277942","pubTimestamp":1732358083,"sourceInfo":{"source_id":"coinmarketcap_highlight","name":"CoinMarketCap"},"weMediaInfo":null,"summary":"Elon Musk has scored a major win against the SEC, as a federal judge rejected the agency’s push to sanction him for missing court-ordered testimony. The case, tied to Musk’s $44 billion Twitter takeover, took a dramatic twist when Judge Jacqueline Scott Corley ruled in his favor, leaving the SEC empty-handed.The SEC had requested the court to penalize Musk for missing a scheduled testimony on September 10, 2023. The regulator argued that his absence violated a prior court order issued on May 31.Despite this, U.S. District Judge Jacqueline Scott Corley ruled that sanctions were unnecessary. She noted that Musk had already testified on October 3 and paid the SEC’s travel costs amounting to $2,923. Musk’s win is not just a personal triumph, it’s also a blow to the SEC’s credibility, especially as the regulator continues its legal battle with Ripple over the classification of XRP as a security.","collect":0,"end_time":0,"defaultTopTitle":"coinmarketcap.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"TWTR":"Twitter"},"translate_title":"埃隆·马斯克(Elon Musk)粉碎了SEC因Twitter交易而制裁他的企图","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TWTR":1},"content_text":"Elon Musk has scored a major win against the SEC, as a federal judge rejected the agency’s push to sanction him for missing court-ordered testimony. The case, tied to Musk’s $44 billion Twitter takeover, took a dramatic twist when Judge Jacqueline Scott Corley ruled in his favor, leaving the SEC empty-handed.\nJudge Rules in Musk’s Favor\nThe SEC had requested the court to penalize Musk for missing a scheduled testimony on September 10, 2023. The regulator argued that his absence violated a prior court order issued on May 31. \nDespite this, U.S. District Judge Jacqueline Scott Corley ruled that sanctions were unnecessary. She noted that Musk had already testified on October 3 and paid the SEC’s travel costs amounting to $2,923\nFurther, the SEC argued that simply repaying travel costs would not deter others from ignoring court orders, especially someone of Musk’s financial means.\nLater in her ruling, Judge Corley stated, \"Because the present circumstances forestall any occasion for meaningful relief that the court could grant, the SEC's request is moot.\" This decision meant that no further sanctions would be imposed on Musk, effectively closing the case.\nMusk Explains His Absence\nMusk had explained his absence by stating that he was in Florida overseeing SpaceX’s Polaris Dawn mission on the day of the scheduled testimony. His legal team also pointed out that he had fully complied with the court order by testifying in early October.\nMusk Slams The SEC\nFollowing the ruling, Musk took to X (formerly Twitter) to celebrate his victory. He quoted a tweet from an X user, who praised Musk for winning over the SEC.\n\n\n  https://twitter.com/elonmusk/status/1860210546345419261\n \n\nIn response, Musk humorously remarked, “SEC. The middle word is definitely ‘Elon’s,’ but I can never remember what the other two words stand for.”\nSupport from the Crypto Community\nMusk’s victory was celebrated by many, including Dogecoin founder Billy Markus, also known as Shibetoshi Nakamoto, who joined the chorus of support for Musk, calling the SEC an \"annoying organization.\" \nThis sentiment resonated within the crypto community, particularly among XRP fans. Many criticized the SEC for its ongoing legal case against Ripple, which began in 2020.\nMusk’s win is not just a personal triumph, it’s also a blow to the SEC’s credibility, especially as the regulator continues its legal battle with Ripple over the classification of XRP as a security.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"Policy And Regulatory","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2485277942"}