Friday, February 12, 2021

The expert urged the SEC to check Elon Musk for manipulation of the crypto market

Economist Nouriel Roubini is confident that the SEC needs to study the legality of the actions of the Tesla CEO Elon Musk for manipulating the cryptocurrency market. The expert criticized Musk, who recently wrote on his Twitter page about BTC and DOGE. Against this background, the cost of crypto coins grew sharply.

It also became known earlier that Tesla acquired bitcoins for $1.5 billion. All these events drew sharp criticism from Roubini.

“It's irresponsible and it's market manipulation. The SEC should be looking into people that have a market impact that manipulate the price of assets. That's also criminal behavior, ” the economist said.

According to Roubini, the CEO of MicroStrategy Michael Sailor is also behaving "irresponsibly" by investing a significant share of the company's reserves in BTC, despite its volatility.


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