In the US, the investigation against Elon Musk’s Neuralink is resumed

Attorney Alex Spiro’s appeal is addressed to the head of the United States Securities and Exchange Commission (SEC), Gary Gensler. The document states that the commission “reopened” its investigation into Neuralink this week. He also says the SEC is preparing to take action against Musk for his investment in Twitter (rebranded as X).

According to the letter, the SEC is reviewing the timing and disclosure of Musk’s purchase of Twitter shares before acquiring the social network for $44 billion. The commission set conditions under which Musk “must, within 48 hours, accept payment in cash or.” the presentation of charges on numerous points,” Spiro said. The lawyer did not specify what the investigation into Neuralink was related to.

Spiro, in a letter to Gensler, accused the SEC of waging an “improperly motivated campaign against Mr. Musk and his associated individuals and companies.” “We demand to know who initiated these actions: you or the White House. These tactics and schemes will not be able to intimidate us,” the lawyer emphasized.

An SEC spokesperson declined to comment on Bloomberg’s reporting. According to the agency, Musk has had a tense relationship with the SEC since 2018, when the commission sued the billionaire over a tweet about his intention to take Tesla private. On Thursday, December 12, Musk wrote in X: “The SEC is just another tool weaponized to do dirty political work.”

The businessman’s relationship with the department may improve with the arrival of a new leader: the current president of the commission, Gensler, will resign on the day of the inauguration of the president-elect of the United States, Donald Trump. Previously, Trump had repeatedly criticized Gensler, including for his skepticism regarding cryptocurrencies.

The future president nominated former commissioner Paul Atkins, a cryptocurrency supporter and proponent of a soft approach to regulation, to head the SEC.