Elon Musk faces a challenging scenario in his attempt to contest the U.S. Securities and Exchange Commission (SEC).

Elon Musk는 미국 증권거래위원회(SEC)에 이의를 제기하려는 시도에서 어려운 시나리오에 직면했습니다.

On Oct. 5, the SEC announced legal action that aims to force Musk to comply with a subpoena and provide testimony regarding his acquisition of Twitter (now X). Musk received that subpoena in May and attempted to avoid the order. He submitted an objection just days before a September hearing date that he did not attend.

Though it is unclear whether Musk intends to resist the SEC’s demands, experts have now suggested that any legal challenge is unlikely to succeed.

머스크가 SEC의 요구에 저항할 의향이 있는지는 확실하지 않지만 전문가들은 이제 법적 문제가 성공할 가능성이 낮다고 제안했습니다.

Stephen Crimmins, a partner at Davis Wright Tremaine, told Reuters:

Davis Wright Tremaine의 파트너인 Stephen Crimmins는 Reuters에 다음과 같이 말했습니다.

“This case is different from past forays between the SEC and Elon Musk because it’s a subpoena enforcement case. These cases are really cut and dry … The law provides the SEC has subpoena power to take investigative testimony and gather documents.”

“이번 사건은 소환장 집행 사건이기 때문에 SEC와 Elon Musk 간의 과거 공습과는 다릅니다. 이 사건은 정말 무미건조합니다. 법에 따라 SEC는 조사 증언을 받고 문서를 수집할 수 있는 소환장 권한을 갖습니다.”

Other lawyers also commented on the case. Howard Fischer of Moses & Singer noted that the SEC only needs to show that the subpoena is part of its legitimate attempts to obtain testimony in order to compel to Musk to testify.  Meanwhile, Mukasey Frenchman partner Robert Frenchman  opined: “I don’t think it’s likely [that Musk] wins this battle.”

Lawyers also told Reuters that Musk will likely be fined until he agrees to testify, though he could face a jail sentence in extreme circumstances.

변호사들은 또한 머스크가 극단적인 상황에서는 징역형을 받을 수도 있지만 증언에 동의할 때까지 벌금이 부과될 가능성이 높다고 로이터에 말했습니다.

Each of the above commentators has past experience in related matters. Crimmins and Fischer have both formerly served as SEC lawyers, while Frenchman has defended clients in cases initiated by the securities agency.

위의 논평자들은 각각 관련 문제에 대한 과거 경험이 있습니다. Crimmins와 Fischer는 둘 다 이전에 SEC 변호사로 근무했으며, Frenchman은 증권 기관이 시작한 사건에서 고객을 변호했습니다.

Musk’s case is of interest to crypto community

The SEC’s current and past lawsuits against Musk do not concern cryptocurrency. However,  the current case should be of interest to the crypto community because it has recently pushed for resistance to the securities agency’s regulatory overreach.

머스크에 대한 SEC의 현재 및 과거 소송은 암호화폐와 관련이 없습니다. 그러나 현재 사례는 최근 증권 기관의 과도한 규제에 대한 저항을 추진했기 때문에 암호화폐 커뮤니티의 관심을 끌 것입니다.

Musk himself has now called for an overhaul of the SEC, joining other individuals who have challenged the agency including House Republican Tom Emmer and one of the SEC’s own commissioners, Hester Peirce. Several crypto companies including Coinbase, Ripple, and Grayscale have recently fought the SEC as well.

Tangentially, Musk faces a class action suit concerning his promotion of Dogecoin (DOGE). Though the SEC did not initiate this case, it in part alleges securities fraud.

머스크는 도지코인(DOGE) 홍보와 관련해 집단 소송을 앞두고 있다. SEC가 이 사건을 시작하지는 않았지만 부분적으로 증권 사기를 주장했습니다.

The post Elon Musk faces uphill battle against SEC subpoena, experts say appeared first on CryptoSlate.

Elon Musk가 SEC 소환장에 맞서 힘든 싸움에 직면한 게시물이 CryptoSlate에 처음 등장했다고 전문가들이 말합니다.