Elon Musk Is Warned About Dogecoin and the SEC by the Founder of Crypto-Law

In that tweet, he humorously typed “Dogecoin Trillionaire,” mocking individuals who use the term “billionaire” in a derogatory manner.

The SEC responds to Musk’s Twitter stake disclosure.

The SEC has published a letter sent to Elon Musk in which the regulator questions why the entrepreneur delayed disclosing his 9.2 percent ownership in Twitter.

Musk submitted a schedule 13G form to announce his new ownership on April 4, rather than March 25, as required by the laws. An investor has 10 days to report a shareholding in a corporation greater than 5%.

The SEC added that it “may have additional remarks” to make after obtaining a response from Musk.