The regulatory activities of the SEC have renewed calls for market participants to oppose the agency. Supporters of Ripple have urged Elon Musk to join forces with them to fight against the securities regulator. This is following the Tesla CEO’s filing of an accusation against the SEC.
Musk has another run-in with the SEC
In the letter which was addressed to Manhattan U.S. District Judge Alison Nathan, Musk and Tesla’s lawyer, Alex Shapiro, stated that the SEC was hounding his clients with countless investigations.
Shapiro held that the commission was doing this because Musk has continued to remain an outspoken critic of the government.
Worst of all, the SEC seems to be targeting Mr. Musk and Tesla for unrelenting investigation largely because Mr. Musk remains an outspoken critic of the government, Shapiro wrote.
He added that the SEC seems bent on denying Musk his right to freedom of speech. CNBC reports that Judge Nathan has asked the SEC to respond by February 24.
The filing i
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