McAfee Stands Up to SEC, Supporting Elon Musk

  • Yuri Molchan
    📰 News

    the US SEC intends to sue the Tesla CEO. It accuses Elon Musk of fraud in his tweet in which he wants to make Tesla private by selling shares "at $420. Funds secured"

McAfee Stands Up to SEC, Supporting Elon Musk

As U.Today reported earlier today, the US Security and Exchange Commission intends to sue the Tesla CEO Elon Musk. The regulator accuses the entrepreneur of fraud in his tweet in which he wants to make Tesla private by selling shares “at $420. Funds secured.”

This figure $420 is a cannabis reference, and SEC, being harsh on both cannabis investment industry and ICOs lately, has decided to move Musk from the CEO position. According to SEC attorney Owen Donley, both cannabis investment and crypto coins are the areas with the highest percentage of scams.

The “crypto baron” John McAfee has stood up to support the Tesla founder in Twitter, saying that it is sad to see that entrepreneurs are being pressurized just for making references to cannabis.

Cover image via u.today
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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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