Elon Musk faces SEC ultimatum over Neuralink allegations
Oh Gary, how could you do this to me?
Tesla CEO and Neuralink founder Elon Musk faces mounting pressure from the U.S. Securities and Exchange Commission (SEC) after the agency issued an ultimatum demanding a response to settlement terms within 48 hours.
The SEC, led by Chair Gary Gensler, has signaled its intent to file multiple charges if Musk fails to comply.
The allegations are reportedly linked to Musk’s Neuralink venture, a brain-computer interface company that has faced regulatory scrutiny over its operations. While the SEC’s specific accusations remain undisclosed, Musk’s combative relationship with the agency has been well-documented, spanning years of legal and public clashes.
Musk responds publicly to allegations
Musk took to X to address the situation, sharing a letter from his attorney, Alex Spiro, that confirms the SEC’s latest demands. In the post, Musk sarcastically remarked, “Oh Gary, how could you do this to me?”, signaling his frustration with Gensler’s approach. The letter further disputes the validity of the allegations, suggesting that the SEC’s actions are politically motivated and designed to target Musk’s public influence.
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This latest confrontation underscores the long-running feud between Musk and the SEC. Tensions first escalated in 2018 when Musk faced charges over tweets about taking Tesla private. Since then, the regulatory agency has closely monitored Musk’s ventures, including Neuralink, where concerns over safety and compliance have drawn increased attention.
Broader implications for Musk and Neuralink
The SEC’s ultimatum comes at a critical time for Musk, whose various companies—including Tesla, SpaceX, and Neuralink—face growing regulatory and political challenges. Critics argue that Musk’s rising influence, both in business and politics, has made him a target for increased scrutiny.
If Musk refuses to settle, the SEC could move forward with legal action, potentially impacting Neuralink’s operations and raising broader questions about regulatory oversight in emerging technologies. For now, investors and industry observers await Musk’s next move as the standoff intensifies.
In the previous news, Elon Musk introduces X Radar for tracking global trends.
