McAfee Stands Up to SEC, Supporting Elon Musk

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"

Fri, 28/09/2018 - 14:29

McAfee Stands Up to SEC, Supporting Elon Musk

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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.

The SEC is going after Elon Musk because he chose a price of $420 (a marijuana reference) for privatising Tesla. So fucking what? Have we really come to this in America? Really? https://t.co/RaXUC9jVAt
— John McAfee (@officialmcafee) September 28, 2018

#John McAfee

About the author

Yuri Molchan

Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He has written for multiple crypto media outlets. His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.