{"id":144790,"date":"2024-12-15T11:00:03","date_gmt":"2024-12-15T09:00:03","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=144790"},"modified":"2024-12-14T14:06:48","modified_gmt":"2024-12-14T12:06:48","slug":"elon-musk-criticizes-sec-as-weaponized-institution-in-latest-post","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/elon-musk-criticizes-sec-as-weaponized-institution-in-latest-post\/","title":{"rendered":"Elon Musk Criticizes SEC as ‘Weaponized Institution’ in Latest Post"},"content":{"rendered":"

His comments<\/a> <\/strong>followed a ruling by the Fifth Circuit Court of Appeals, which declared that the SEC had overstepped its bounds by approving a Nasdaq policy requiring corporate boards to adopt identity-based diversity quotas.<\/p>\n

Judge Andrew Oldham, who authored the opinion, argued that the SEC\u2019s role is to ensure a fair and honest market, not to enforce political agendas within corporate governance.<\/p>\n

Musk\u2019s post has sparked reactions<\/a> <\/strong>from Ripple\u2019s CEO, Brad Garlinghouse, and CTO, David Schwartz, both of whom commented on the ongoing controversy surrounding the SEC. Musk\u2019s criticism comes at a time when the U.S. Supreme Court has also rejected the SEC\u2019s bid to sanction him for failing to appear at a court-ordered testimony.<\/p>\n

\n
Read More:<\/h5>\n \n
\n \n \n <\/span>\n <\/div>\n
\n

MicroStrategy’s Nasdaq 100 Listing Marks Major Milestone for Bitcoin Adoption<\/h4>\n <\/div>\n <\/a>\n<\/div>\n<\/p>\n

Beyond his stance on the SEC, Musk, known for his unconventional approaches, has been vocal about his plans to reshape government operations. Following his proposal to establish the Department of Government Efficiency (DOGE), Musk aims to slash the federal budget by $2 trillion, about 30% of its current size. Part of this plan includes instituting a return-to-office mandate for government employees and potentially eliminating entire agencies.<\/p>\n","protected":false},"excerpt":{"rendered":"

Elon Musk recently took to X to criticize the U.S. Securities and Exchange Commission (SEC), calling it a “weaponized institution.”<\/p>\n","protected":false},"author":7,"featured_media":37816,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[110],"coin_category":[],"class_list":["post-144790","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-doge"],"acf":[],"yoast_head":"\nElon Musk Criticizes SEC as 'Weaponized Institution' in Latest Post<\/title>\n<meta name=\"description\" content=\"Elon Musk recently took to X to criticize the U.S. Securities and Exchange Commission (SEC), calling it a "weaponized institution."\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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