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Hey, Binancians! 🌟
The U.S. Securities and Exchange Commission (SEC) has dropped a bombshell, filing a lawsuit against Elon Musk, the world's richest man! 🚀 The SEC alleges that Musk failed to disclose his acquisition of a 5% stake in Twitter in early 2022. This move allowed him to snap up additional shares at lower prices, saving him around $150 million! 😲
Musk eventually disclosed his ownership on April 4, 2022, causing Twitter's stock price to skyrocket by over 27% in a single day! 📈 His legal team has called the lawsuit a "sham," claiming it's part of the SEC's ongoing "harassment campaign" against him. What Does This Mean for the Crypto World?
While this lawsuit focuses on Musk's activities with Twitter, his influence on the crypto market is undeniable. Remember the Dogecoin (DOGE) rallies and the Bitcoin (BTC) fluctuations triggered by Musk's tweets? This development could have ripple effects across the market. Stay vigilant and make informed trading decisions!
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#Binance #CryptoNews #ElonMusk #SEC #Twitter l
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