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Gary Gensler, the Chair of the U.S. Securities and Exchange Commission (SEC), has launched an investigation into Elon Musk’s brain-computer interface company, Neuralink, just one month before the end of his term. This renewed scrutiny coincides with additional charges being prepared against Musk, who is also the CEO of Tesla.
Musk’s Lawyer Responds
Musk’s attorney, Alex Spiro, responded to the development via the social media platform X. Spiro stated that the SEC has given Musk 48 hours to accept a financial settlement or face “multiple charges.”
Alex Spiro remarked, “The SEC’s actions represent an endless campaign of investigation targeting the billionaire entrepreneur.”
Gary Gensler, known for his stringent regulatory approach, particularly in the cryptocurrency sector, has seen Ripple 
$3 CEO Brad Garlinghouse claim that his company has lost over 150 million dollars due to actions attributed to Gensler.
Elon Musk commented, “Oh Gary, how could you do this to me?”
Role of New SEC Chair Paul Atkins
The crypto community welcomes the possibility of ending the SEC’s harsh regulatory stance. With the appointment of Paul Atkins as the new SEC Chair, there are expectations for more amicable reforms in cryptocurrency regulations.
Attorneys from the Anderson PC law firm noted that under Atkins’s leadership, the SEC may move away from aggressive tactics towards more tangible outcomes.
Additionally, Elon Musk is currently involved with the Department of Government Efficiency (D.O.G.E), proposing measures to combat U.S. inflation through federal spending cuts.
Musk’s past disputes with the SEC and the ongoing investigation into Neuralink are being closely monitored in the tech and financial sectors. The new investigation by the SEC could significantly impact Musk’s work in brain technology and the future of Neuralink.
