{"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