{"id":38986,"date":"2025-03-24T20:00:15","date_gmt":"2025-03-24T17:00:15","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=38986"},"modified":"2025-03-24T18:13:01","modified_gmt":"2025-03-24T15:13:01","slug":"acting-sec-chair-votes-against-suing-elon-musk","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/acting-sec-chair-votes-against-suing-elon-musk\/","title":{"rendered":"Acting SEC Chair Votes Against Suing Elon Musk!"},"content":{"rendered":"<p class=\"\" data-start=\"86\" data-end=\"429\">The acting chair of the United States Securities and Exchange Commission (<strong data-start=\"160\" data-end=\"167\">SEC<\/strong>), <strong data-start=\"170\" data-end=\"184\">Mark Uyeda<\/strong>, voted against suing billionaire businessman <strong data-start=\"230\" data-end=\"243\">Elon Musk<\/strong> over his failure to disclose Twitter stock purchases on time. According to a Reuters report on March 24, Uyeda was the only member of the <strong data-start=\"382\" data-end=\"389\">SEC<\/strong> commission to vote against the lawsuit.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/acting-sec-chair-votes-against-suing-elon-musk\/#SEC_Commission_Majority_Approves_Lawsuit\" title=\"SEC Commission Majority Approves Lawsuit\">SEC Commission Majority Approves Lawsuit<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/acting-sec-chair-votes-against-suing-elon-musk\/#What_Are_the_Allegations_Against_Musk\" title=\"What Are the Allegations Against Musk?\">What Are the Allegations Against Musk?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/acting-sec-chair-votes-against-suing-elon-musk\/#DOGE_Agency_and_New_Investigation_Requests\" title=\"DOGE Agency and New Investigation Requests\">DOGE Agency and New Investigation Requests<\/a><\/li><\/ul><\/nav><\/div>\n<h2 data-start=\"431\" data-end=\"475\"><span class=\"ez-toc-section\" id=\"SEC_Commission_Majority_Approves_Lawsuit\"><\/span>SEC Commission Majority Approves Lawsuit<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"\" data-start=\"477\" data-end=\"921\">According to the report, the <strong data-start=\"506\" data-end=\"513\">SEC<\/strong>\u2019s five commissioners held a vote on whether to sue <strong data-start=\"565\" data-end=\"578\">Elon Musk<\/strong>. Four commissioners voted in favor of the lawsuit, while <strong data-start=\"636\" data-end=\"650\">Mark Uyeda<\/strong>, the acting chair, cast the only dissenting vote. <strong data-start=\"701\" data-end=\"710\">Uyeda<\/strong> was appointed as acting chair by <strong data-start=\"744\" data-end=\"775\">U.S. President Donald Trump<\/strong> on January 20, 2025. Additionally, <strong data-start=\"811\" data-end=\"845\">SEC Commissioner Hester Peirce<\/strong> also voted in favor of suing <strong data-start=\"875\" data-end=\"883\">Musk<\/strong> along with three other commissioners.<\/p>\n<h2 data-start=\"923\" data-end=\"965\"><span class=\"ez-toc-section\" id=\"What_Are_the_Allegations_Against_Musk\"><\/span>What Are the Allegations Against Musk?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"\" data-start=\"967\" data-end=\"1352\">In the lawsuit filed on January 14, the <strong data-start=\"1007\" data-end=\"1014\">SEC<\/strong> claimed that <strong data-start=\"1028\" data-end=\"1041\">Elon Musk<\/strong> failed to disclose his purchase of <strong data-start=\"1077\" data-end=\"1088\">Twitter<\/strong> shares within the required 10-day window after exceeding the 5% ownership threshold. The agency alleges that <strong data-start=\"1198\" data-end=\"1206\">Musk<\/strong> delayed the disclosure by 11 days, allowing him to continue buying shares at lower prices, which resulted in an estimated $150 million advantage.<\/p>\n<hr \/>\n<p data-start=\"1354\" data-end=\"1387\"><strong><em>You Might Be Interested In: <a href=\"https:\/\/coinengineer.net\/blog\/elon-musk-talks-about-the-name-of-a-new-memecoin\/\">Elon Musk Talks About the Name of a New Memecoin!<\/a><\/em><\/strong><\/p>\n<hr \/>\n<p class=\"\" data-start=\"1389\" data-end=\"1717\"><strong data-start=\"1389\" data-end=\"1402\">Elon Musk<\/strong>&#8216;s lawyer, <strong data-start=\"1413\" data-end=\"1427\">Alex Spiro<\/strong>, rejected the <strong data-start=\"1442\" data-end=\"1449\">SEC<\/strong>&#8216;s allegations, stating that the agency&#8217;s action was an admission that it could not bring an actual case. Meanwhile, <strong data-start=\"1566\" data-end=\"1574\">Musk<\/strong> referred to the <strong data-start=\"1591\" data-end=\"1598\">SEC<\/strong> as a &#8220;totally broken organization&#8221; on social media platform <strong data-start=\"1659\" data-end=\"1664\">X<\/strong>, arguing that &#8220;so many actual crimes&#8221; go unpunished.<\/p>\n<p data-start=\"1389\" data-end=\"1717\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-151870 size-full\" src=\"https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2025\/03\/elon-musk-scaled.jpg\" alt=\"elon musk\" width=\"2560\" height=\"1440\" \/><\/p>\n<h2 data-start=\"1719\" data-end=\"1765\"><span class=\"ez-toc-section\" id=\"DOGE_Agency_and_New_Investigation_Requests\"><\/span>DOGE Agency and New Investigation Requests<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"\" data-start=\"1767\" data-end=\"2143\">One month after the lawsuit was filed, <strong data-start=\"1806\" data-end=\"1814\">Musk<\/strong>\u2019s Department of Government Efficiency (<strong data-start=\"1854\" data-end=\"1862\">DOGE<\/strong>), a U.S. government agency led by <strong data-start=\"1897\" data-end=\"1905\">Musk<\/strong>, turned its attention to the <strong data-start=\"1935\" data-end=\"1942\">SEC<\/strong>. On February 17, a <strong data-start=\"1962\" data-end=\"1970\">DOGE<\/strong>-affiliated account called on the public to report any &#8220;waste, fraud, and abuse&#8221; within the <strong data-start=\"2062\" data-end=\"2069\">SEC<\/strong>. <strong data-start=\"2071\" data-end=\"2079\">Musk<\/strong> also shared this post with his 200 million+ followers on <strong data-start=\"2137\" data-end=\"2142\">X<\/strong>.<\/p>\n<p class=\"\" data-start=\"2145\" data-end=\"2437\">Court filings indicate that <strong data-start=\"2173\" data-end=\"2186\">Elon Musk<\/strong> has until April 4 to respond to the lawsuit. Meanwhile, President <strong data-start=\"2253\" data-end=\"2269\">Donald Trump<\/strong> issued an executive order calling for a review of politically motivated investigations within the <strong data-start=\"2368\" data-end=\"2375\">SEC<\/strong> and other federal agencies under the previous administration.<\/p>\n<hr \/>\n<p data-start=\"2145\" data-end=\"2437\"><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"nofollow noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The acting chair of the United States Securities and Exchange Commission (SEC), Mark Uyeda, voted against suing billionaire businessman Elon Musk over his failure to disclose Twitter stock purchases on time. According to a Reuters report on March 24, Uyeda was the only member of the SEC commission to vote against the lawsuit. SEC Commission<\/p>\n","protected":false},"author":28,"featured_media":35864,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[657,2],"tags":[467,13492,13489,3894,9654,1021,39,13493,13490,13488,13491,13487,9854],"class_list":["post-38986","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-en","category-news","tag-elon-musk","tag-elon-musk-2025","tag-elon-musk-sec-case","tag-hester-peirce","tag-mark-uyeda","tag-musk","tag-sec","tag-sec-and-crypto","tag-sec-commission","tag-sec-lawsuit-decision","tag-twitter-acquisition","tag-twitter-stock-disclosure","tag-u-s-securities-and-exchange-commission"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Acting SEC Chair Votes Against Suing Elon Musk! - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/acting-sec-chair-votes-against-suing-elon-musk\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Acting SEC Chair Votes Against Suing Elon Musk! - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"The acting chair of the United States Securities and Exchange Commission (SEC), Mark Uyeda, voted against suing billionaire businessman Elon Musk over his failure to disclose Twitter stock purchases on time. According to a Reuters report on March 24, Uyeda was the only member of the SEC commission to vote against the lawsuit. 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