
(5MinNewsBreak.com) – In a testament to the federal agencies’ political attacks against conservatives, Elon Musk has blasted the Securities and Exchange Commission (SEC) as “just another weaponized institution.”
The government agency has launched a lawsuit against the billionaire entrepreneur, accusing him of improperly acquiring Twitter shares.
The SEC alleges that Musk misled shareholders about his Twitter stock purchases in 2022.
The agency claims Musk failed to disclose promptly that he owned more than 5% of Twitter’s stock and that the mogul underpaid investors by at least $150 million.
However, Musk, a staunch supporter of free speech himself, is not taking this attack lying down.
He fired back at the SEC, calling it “just another weaponized institution doing political dirty work” and dismissing the lawsuit as a “sham.”
In a post on his X platform, Musk also wrote, “Totally broken organization. They spend their time on s*** like this when there are so many actual crimes that go unpunished.”
Totally broken organization.
They spend their time on shit like this when there are so many actual crimes that go unpunished.
— Elon Musk (@elonmusk) January 15, 2025
Lawyer Alex Spiro defended Musk, saying the SEC’s action is nothing more than an admission of their inability to bring a legitimate case against his client.
Spiro declared:
“The SEC’s multi-year campaign of harassment against Mr. Musk culminated in the filing of a single-count ticky tak complaint against Mr. Musk under Section 13(d) for an alleged administrative failure to file a single form — an offense that, even if proven, carries a nominal penalty.”
It is worth noting that Musk, a vocal Trump supporter and Republican donor, has been chosen by President-elect Donald Trump to lead the Department of Government Efficiency (DOGE).
This lawsuit seems suspiciously timed, coming just as Musk is set to take on a role that could help drain the swamp in Washington.
The lawsuit has also been filed shortly before SEC Chairman Gary Gensler’s planned resignation.
Critics of the legal move argue that it could be a last-ditch effort by a failing bureaucrat to make a name for himself before leaving office.
Musk’s purchase of Twitter was a bold move to promote free speech and reduce the liberal censorship of conservative viewpoints.
He later changed the platform’s name to X and released the “Twitter Files.” By doing so, Musk exposed the previous management’s suppression of news stories that countered the liberal narrative.
This is not the first time Musk has locked horns with the SEC. He has had prior legal conflicts with the agency.
He faced a 2018 complaint regarding Tesla investors and a 2023 investigation into his purchase of X.
As this legal battle unfolds, it is crucial to understand that Musk is not just fighting for himself but for free speech, transparency and the American way of life.
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