Tesla founder Elon Musk has neither confirmed nor denied rumors of a US Securities and Barge Commission (SEC) investigation into his Dogecoin tweets.
“Hope so. That would be great, ”he commented on one of the posts.
The SEC investigating dog memes sent by a memer about a memecoin is peak 2021.
All Hail Emperor Musk! pic.twitter.com/qbm1fLGbED
— Official* Pope of Muskanity 🖌 (@RationalEtienne) February 25, 2021
In 2018, the SEC filed a lawsuit against the entrepreneur for allegedly misleading investors and forced him to resign as chairman of Tesla and pay a $ 20 million fine as part of a settlement agreement.
“I don’t respect the SEC,” Musk said at the time.
He has repeatedly posted memes on Twitter with the altcoin symbol of the Japanese Shiba Inu dog. The price of the coin, as a rule, reacted with growth.
In early February, Tesla’s CEO posted a series of tweets about Dogecoin, which jumped the token rate by almost 50%.
On Wednesday, February 24, Musk posted a picture of the dog on Twitter again – the price of the coin went up.
Literally pic.twitter.com/XBAUqiVsPH
— Elon Musk (@elonmusk) February 24, 2021
He previously named Dogecoin as his favorite coin, and recently revealed that he bought an altcoin for his youngest son.
Recall that Musk urged large Dogecoin holders to sell part of the coins to avoid centralization. More than 28% of the market supply of tokens or 36.8 billion DOGE is concentrated on one address.
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