• 1 The SEC recently sought the California District Court’s help in a subpoena sent to Musk in May 2023.
• 2 Elon Musk reacted strongly to this step and said that the SEC and DOJ needed an overhaul.

2 Elon Musk는 이 조치에 강력하게 반응하며 SEC와 DOJ에 전면적인 점검이 필요하다고 말했습니다.

• 3 The instance has compelled some experts to mull over the situation and the future of X (formerly Twitter). 

Elon Musk is known for his aggressive and intrepid disposition. The mercurial business tycoon does not fear putting this through boldly. He did it again this time taking cudgels up against the government regulators. According to him, the US Securities And Exchange Commission (SEC) and Department of Justice (DOJ) need an overhaul.

Elon Musk는 공격적이고 대담한 성격으로 유명합니다. 변덕스러운 비즈니스 거물은 이 일을 대담하게 실행하는 것을 두려워하지 않습니다. 그는 이번에도 정부 규제 당국에 대항하여 곤봉을 들고 다시 해냈습니다. 그에 따르면 미국 증권거래위원회(SEC)와 법무부(DOJ)에 전면적인 점검이 필요하다고 한다.

What Made Elon Musk Angry?

Last October, Elon Musk acquired Twitter. The incident upset many netizens who opposed the whole deal and questioned Musk’s leadership. While Musk didn’t give up the ownership of the social media platform, he stepped down as CEO. But none of that bothered him much as everything was going smoothly. However, it seems SEC is not happy with this acquisition anymore. 

지난해 10월 일론 머스크는 트위터를 인수했다. 이 사건은 전체 거래에 반대하고 머스크의 리더십에 의문을 제기한 많은 네티즌들을 화나게 했습니다. 머스크는 소셜 미디어 플랫폼의 소유권을 포기하지 않았지만 CEO직에서 물러났습니다. 그러나 모든 것이 순조롭게 진행되고 있었기 때문에 그 어느 것도 그를 괴롭히지 않았습니다. 하지만 삼성전자는 이번 인수에 더 이상 만족하지 않는 것으로 보인다.

On October 5, the regulator submitted an appeal in a California District Court. Its objective is to compel Musk to adhere to the SEC’s previous subpoena. Also, the regulator is assessing the validity of the acquisition. They think that Musk may have violated some securities regulations. In response to that, Musk shared a biting post questioning the righteousness of this step. He said that it’s actually the people of the SEC and DOJ who need to be probed.

He also suggested that the government should take punitive action against these individuals. The X owner accused them of abusing their regulatory power for personal and political gain. Notably, it’s not the first time that Musk has come under the regulatory lens. 

그는 또한 정부가 이들 개인에 대해 징벌적 조치를 취해야 한다고 제안했습니다. X 소유자는 개인적, 정치적 이익을 위해 규제 권한을 남용했다고 비난했습니다. 특히 머스크가 규제 대상이 된 것은 이번이 처음이 아니다.

Previously, the SEC has taken various steps against companies led by him. A curious X user asked Musk about the likelihood of an investigation. He answered that there was a 100% chance of it.

이전에 SEC는 그가 이끄는 회사에 대해 다양한 조치를 취했습니다. 호기심 많은 X 사용자가 머스크에게 조사 가능성에 대해 물었습니다. 그는 그럴 가능성이 100%라고 대답했다.

It should be noted that this filing relates to the subpoena that the SEC issued in May 2023. It asked Musk to testify at the San Francisco office on September 15. While Musk initially gave a green signal to it, he refused to appear 2 days before the scheduled meeting. Back then, he cited some spurious objections from the agency. According to the SEC, it tried to arrange an alternative date and location for the testimony. 

But Musk just refused to turn up and left them with no other option. Furthermore, the regulator said that Musk’s objections lack any legal ground. Musk has no valid reason to justify his non-compliance with the subpoena, they said. 

Musk’s Future Plans With X

X를 통한 머스크의 미래 계획

Since the acquisition, X has gone through a round of changes. From the name to the monetization of blue ticks and rewards to marketers, he has done it all. Many of these steps drew sharp criticism from the users and netizens. Nonetheless, X is hellbent on transforming itself. Some say that Musk wants X to be a financial institution. Back in April 2022, Musk talked about integrating Dogecoin as a payment option on the platform. On the other hand, Musk has dismissed the rumors of introducing an X crypto token. 

Still, his support towards Dogecoin continues to grow. In an interview, he said that he isn’t advising anyone to invest in crypto. But he sees strong potential in Dogecoin. The implications of court proceedings and X’s course of action are yet to be seen.

그럼에도 불구하고 Dogecoin에 대한 그의 지지는 계속 커지고 있습니다. 인터뷰에서 그는 누구에게도 암호화폐에 투자하라고 조언하지 않는다고 말했습니다. 그러나 그는 Dogecoin에서 강력한 잠재력을 보고 있습니다. 법원 절차의 의미와 X의 행동 방침은 아직 확인되지 않았습니다.