透明度

👨‍⚖️SEC sues Musk for failing to timely disclose Twitter holdings, sparking market debate

The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Elon Musk, claiming that he failed to disclose his ownership of more than 5% of Twitter (X) within the required timeframe. According to legal regulations, individuals acquiring more than 5% of a publicly traded company must disclose the information within 10 days, but Musk announced it 11 days late.

The SEC pointed out that due to Musk's failure to timely disclose his holdings, he was able to continue purchasing shares at a lower price. It is alleged that this allowed Musk to gain at least an additional $150 million in profit in just 10 days. Currently, the SEC is seeking to recover this improper gain and is demanding the payment of corresponding interest.

Musk quickly responded to the SEC's lawsuit on the X platform, calling the SEC a "completely broken agency" and criticizing them for wasting time on what he considers trivial matters while ignoring actual criminal behavior that needs punishment.

It is reported that Musk began acquiring Twitter in April 2022 and completed the acquisition for $44 billion in October of the same year. Afterward, he added many new features to the platform, such as account monetization, audio and video calls, AI chatbots, and long-form text, among others.

This incident also highlights the importance of balancing innovation and compliance amid the rapid development of technology and financial markets. With the continuous evolution of fintech, regulatory bodies face the necessity of constantly adjusting regulatory frameworks to adapt to the new market landscape.

At the same time, market participants must also respond flexibly to these changes, ensuring that their operations consistently comply with the ever-updating regulatory standards to maintain market health and stability.

In summary, Musk's delayed disclosure of his holdings and its impact on market fairness is a complex issue involving multiple aspects such as law, regulation, market behavior, and innovation.

The outcome of this incident may have long-term effects on the cryptocurrency and social media industries, while also providing an opportunity for regulatory bodies and market participants to reflect on and improve existing rules.

💬 What is your view on the SEC's lawsuit against Musk? Do you think Musk's delay in disclosing his holdings had an impact on market fairness?

#SEC起诉 #伊隆马斯克 #推特收购 #市场监管 #透明度

Token unlocking actually relies on "moral lock-up"?

I happened to see this news and it made me feel very emotional.
In the past few years, when I have been in the currency circle, I have often seen news about token unlocking disputes, abnormal circulation, etc.

Interestingly, when evaluating projects, many people will use information related to token economics such as the circulating market value, total number of tokens, etc. to judge whether to buy, sell, or invest.
As everyone knows, some projects will secretly modify the content of token economics, or sell the coins that should be locked up in the market in advance. After staying for a long time, it is really not surprising.

The traceability brought by blockchain should be a powerful tool to improve transparency, but in fact, there are so many "opaque" operations in the blockchain application market. How should the wild market be monitored and held accountable?
#代幣經濟 #市值 #透明度 #EigenLayer