As Musk gains influence, questions hover over US probes into his empire

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As Musk gains influence, questions hover over US probes into his empire - Channel News Asia

Quick Summary:

NEW YORK/WASHINGTON : Last month, in the waning days of the Biden administration, the SEC set a tight deadline of several days for demanding that Elon Musk pay a settlement or face civil charges relating to alleged securities violations during his $44 billion takeover of Twitter in 2022.

Trump appointed Musk to co-lead a new “Department of Government Efficiency,” a private entity advising on slashing budgets and regulations.

The White House will soon be occupied by Donald Trump — whom Musk spent more than a quarter-billion dollars to help elect — rather than Joe Biden, who appointed Gensler.