⚖️ DOJ and SEC support investor lawsuit, Nvidia faces legal challenge!
The DOJ and SEC have told the Supreme Court they support a class action lawsuit against Nvidia, accusing it of hiding sales to crypto miners.
Crypto miners, take note! The DOJ and SEC are supporting a lawsuit against Nvidia, alleging that it has not disclosed sales to crypto miners. The lawsuit has been in the works since 2018 and is now before the Supreme Court.
In a court opinion, both the acting U.S. Attorney General and the SEC's senior lawyers said the lawsuit had enough details and should proceed. They believe private lawsuits are an important supplement to the DOJ and SEC's enforcement actions.
The investor group accused Nvidia of hiding more than $1 billion in GPU sales that were sold to crypto miners. They believe Nvidia's CEO Jensen Huang has downplayed the company's sales in the cryptocurrency industry.
💼 Viewpoint:
The cryptocurrency space is becoming more regulated as the law continues to evolve. This lawsuit could set a precedent for how to handle similar situations in the future. Let's keep an eye on the Supreme Court's ruling to see how it will shape the future of cryptocurrencies and high-tech companies.
This lawsuit could have a significant impact on Nvidia, especially if the Supreme Court supports the investors' position. This could not only cause financial losses to Nvidia, but also damage its credibility among investors.
💬 What do you think of this lawsuit? Why do you think Nvidia concealed the true sales situation? Will this have an impact on the cryptocurrency market? Leave your thoughts in the comments!