Elon Musk has inquired whether President Joe Biden is targeting him as tensions with the Securities and Exchange Commission heat up once again.
The billionaire, known for his ties to Trump, has claimed that the SEC has been harassing him for more than six years, implying that the actions against him are influenced by political agendas.
On his X social media platform, Musk shared a letter revealing that the SEC has resumed its investigation into his brain-computer interface company, Neuralink.
Musk’s attorney, Alex Spiro, stated in the correspondence that the SEC issued a 48-hour ultimatum for settling an inquiry regarding his $44 billion investment in Twitter, or else he could face legal repercussions.
“Oh Gary, how could you let this happen to me?” Musk expressed on X, accompanied by a crying emoji, referring to outgoing SEC Chair Gary Gensler.
Spiro pointed out that the SEC’s demands come after “over six years of harassment directed at Mr. Musk by the Commission and its Staff.”
He noted that the SEC suggested the enforcement actions resulted from a directive from higher-ups. He added: “These recent developments clearly indicate that the Commission is not pursuing the truth; rather, it appears to be conducting a campaign improperly motivated against Mr. Musk and the entities linked to him.”
“We seek to uncover who ordered these actions,” he posited to Gensler, “was it you or was it the White House?”
Spiro concluded that he and Musk will not be intimidated, stating: “Such tactics and this misguided plan will not deter us.”
Musk has criticized the SEC multiple times since 2018, particularly after facing legal action for tweeting about taking Tesla private. The ongoing investigation into Neuralink reportedly involves claims that Musk misled investors concerning a brain implant they created.
The founder of Tesla contributed over $250 million to support Donald Trump’s electoral campaign and is set to lead a new cost-reduction task force in the upcoming administration.
