TechFlow news — On December 13, a letter shared by Elon Musk on X revealed that his attorney, Alex Spiro, sent a letter to SEC Chair Gary Gensler yesterday, disclosing that the SEC demanded Musk accept a settlement involving monetary penalties within 48 hours, or face multiple charges.
According to the letter, SEC staff claimed this demand originated from higher-level instructions. Alex Spiro pointed out that this is the latest action in what has been years of investigation and six years of relentless harassment against Musk by the SEC. Recently, when the SEC subpoenaed Spiro to testify and threatened to send process servers, he explicitly refused.
The letter questions whether the SEC's actions are truly aimed at uncovering facts, suggesting instead that they constitute improper targeting of Musk and his affiliates, and demands clarification on whether these actions stem from directives by the SEC Chair or the White House.
