The Securities and Exchange Commission on Tuesday filed a lawsuit in federal court in Washington, D.C., against Musk for alleged securities violations. The SEC said Musk violated federal securities laws by purchasing more than 9% of Twitter's common stock in March 2022 but failing to disclose the relevant information in a timely manner. The delay was 11 days before Musk publicly disclosed his beneficial ownership in a report to the SEC on April 4, 2022. The delay allowed Musk to continue to pay ...
Grayscale Investments filed an application with the SEC on Tuesday to convert its hybrid crypto fund, which includes Bitcoin, Ethereum, Solana, XRP, and Avalanche, into an ETF. Grayscale's product, called the "Grayscale Digital Large Cap Fund," is currently traded over-the-counter with $524 million in assets under management, according to the company's website. The fund is made up mostly of Bitcoin (nearly 75 percent) and Ethereum (about 19 percent), with the remainder consisting of Solana, XRP ...
OpenAI on Tuesday sought the dismissal of a federal lawsuit against the company by Elon Musk, two months after Mr. Musk filed a lawsuit accusing OpenAI of abandoning its founding mission to develop open artificial intelligence platforms "for the benefit of humanity" in favour of maximising profits. In a motion to dismiss filed in federal court in California, OpenAI said Mr. Musk's lawsuit was the latest in a "growing campaign to harass OpenAI for its own competitive advantage". The OpenAI filing...
The US Secret Service will brief the House Oversight Committee on the Trump assassination on Tuesday. Republican Congressman Green and the deputy director of the Federal Bureau of Investigation (FBI) will speak on the Trump assassination today. In addition, according to Fox News, the chairperson of the US House Homeland Security Group also plans to speak with the FBI deputy director.