ANALYSIS: Musk Stays Out of SEC’s Doge-House With Crypto Tweets

May 27, 2021, 9:00 AM

Elon Musk, in legal trouble with the Securities and Exchange Commission for an earlier Twitter campaign against Wall Street firms short selling Tesla stock, disrupts cryptocurrency markets just as Wall Street firms move to enter them. Mere coincidence? Maybe.

The Bitcoin- and Dogecoin-related tweeting of the world’s third-richest man during the past several months has defied (but not DeFied) explanation, so the idea that it is in part an elaborate prank on financial firms and regulators is another unprovable theory. If we assume its validity, however, we can discern a legal strategy behind the crypto-related business actions and seemingly ...

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