Elon Musk

<div class="cryptonews">
 <p class="is-style-lead">A crypto influencer is scrutinizing Elon Musk for <a rel="noopener noreferrer nofollow" title="suspending" href="https://thebittimes.com/tag/suspending.html">suspending</a> an XRP-related <a rel="noopener noreferrer nofollow" title="account" href="https://thebittimes.com/tag/account.html">account</a> on X, the platform formerly known as Twitter.</p>
 <p class="is-style-default">An X user known as Crypto Eri directly contacted Musk to clarify whether the <a rel="noopener noreferrer nofollow" title="account" href="https://thebittimes.com/tag/account.html">account</a> suspension was a mistake.</p>
 <p>The flagged <a rel="noopener noreferrer nofollow" title="account" href="https://thebittimes.com/tag/account.html">account</a>, with the username @digitalassetbuy, was known for its strong support of XRP, the native digital currency of Ripple Labs Inc.</p>
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    <p lang="en" dir="ltr">Not cool. @elonmusk, I hope this was a mistake. pic.twitter.com/lcjpN5tZcE</p>— Crypto Eri Carpe Diem (@sentosumosaba) October 6, 2023
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 <p>XRP has been surrounded by controversies and legal challenges, including a lawsuit filed by the U.S. Securities and Exchange Commission (SEC), alleging that XRP is an unregistered security.&nbsp;</p>
 <p>Despite these challenges, XRP has maintained a dedicated group of supporters who remain hopeful about its prospects.</p>
 <p>The @digitalassetbuy account provided a platform for XRP enthusiasts to share information, exchange perspectives, and engage in cryptocurrency discussions. No reason was given for the sudden suspension.</p>
 <p>Musk has previously touted himself as a “free speech absolutist,” promising X users less censorship. Reports indicate that both hate speech and censorship have spiked since Musk took the helm.</p>
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    <p lang="en" dir="ltr">Starlink has been told by some governments (not Ukraine) to block Russian news sources. We will not do so unless at gunpoint.<br><br>Sorry to be a free speech absolutist.</p>— Elon Musk (@elonmusk) March 5, 2022
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 <p>While some individuals defended Musk, suggesting that the suspension aimed to prevent potential scams, the lack of response from X officials has given rise to various speculations. In response to a suggestion that the suspensions were preventive measures against scammers, Crypto Eri and other crypto enthusiasts maintain that the <a rel="noopener noreferrer nofollow" title="account" href="https://thebittimes.com/tag/account.html">account</a> suspension is unjust.</p>
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    <p lang="en" dir="ltr">It's time @X started revealing which exact rule is broken when <a rel="noopener noreferrer nofollow" title="account" href="https://thebittimes.com/tag/account.html">account</a>s get suspended. And it's time people get a chance to remedy the situation in case of a mistake, the same day. Not months after. <br><br>Please fix this situation @elonmusk and @support. Look into @digitalassetbuy…</p>— Oskar Arnarson (@oskararnarson) October 6, 2023
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 <p>John Deaton, a lawyer representing XRP holders, raised a crucial question: is this an isolated incident or a resurgence of censorship within the X community?&nbsp;</p>
 <h2 class="wp-block-heading" id="musk-faces-sec-scrutiny">Musk faces SEC scrutiny</h2>
 <p>Recent reports reveal that the SEC is investigating Musk for his $44-billion acquisition of Twitter, which he later renamed X.</p>
 <p>The inquiry specifically delves into whether Musk violated federal securities regulations in relation to his stock acquisitions, as well as the statements and filings he made regarding the X acquisition.</p>
 <p>In March 2022, Musk acquired a 9.2% stake in Twitter, making him the majority shareholder. However, this purchase was not disclosed in an SEC filing until the following month. Twitter shareholders filed a lawsuit due to the delayed filing, but the suit was eventually dismissed.&nbsp;</p>
 <p>Facing a trial that aimed to compel him to finalize the deal, Musk bought the remaining stock of Twitter and assumed control of the company in October 2022.</p>
 <p>The SEC’s investigation came to light last Thursday when the agency filed a lawsuit, compelling Musk to testify in their inquiry, to which he had initially agreed but later backed out two days before the appointment testimony date.</p>
 <p>Musk informed the SEC staff that he wouldn’t appear, attempting to justify his refusal by raising new objections, including questioning San Francisco as a suitable location for the testimony.</p>
 <p>SEC lawyers assert that Musk, an avid Dogecoin (DOGE) supporter, believed the subpoena was a form of harassment, providing a rationale for his non-compliance. Musk also reportedly cited his recently published biography by journalist Walter Isaacson as a reason for not appearing, suggesting the book might contain new and relevant information for the case.</p>
 <p>Alex Spiro, Musk’s attorney, issued a statement asserting that the SEC has already taken the X owner’s testimony multiple times in the misguided investigation and more wouldn’t be given.</p>
 <p>A court hearing for the filing is set for Nov. 9, as stated in the legal document.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/elon-musk-x-criticized-for-suspending-pro-xrp-account-tbt65511.html">https://thebittimes.com/elon-musk-x-criticized-for-suspending-pro-xrp-account-tbt65511.html</a></p>

Elon Musk, X criticized for suspending pro-XRP account

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