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The U.S. Securities and Exchange Commission (SEC) has reopened its investigation into Elon Musk's startup Neuralink. This event continues to draw attention to Musk's activities, especially as he and his lawyer declare they will not be "intimidated" by pressure from regulators.
SEC reopens investigation into Neuralink
According to a letter shared by Elon Musk on social media X (formerly Twitter), the SEC has officially reopened its investigation into Neuralink, Musk's brain chip technology company. The letter, dated December 12, was written by lawyer Alex Spiro and sent to outgoing SEC Chairman Gary Gensler.
The specific reason the SEC decided to reopen the investigation has not been disclosed, but this occurs against the backdrop of Neuralink facing significant scrutiny from the public and regulators, especially regarding safety and ethics in the biomedical technology field.
Neuralink, with ambitions to integrate brain chip technology to connect humans with computers, constantly faces challenges not only technically but also legally and ethically. The SEC's investigations could slow the company's progress and impose additional barriers to its commercialization plans.
This investigation is also seen as part of the overall pressure Musk faces after expanding his business activities into various fields, including the acquisition and restructuring of Twitter.
How does Musk respond to pressure from the SEC?
In lawyer Spiro's letter, Elon Musk's side indicated they would not allow themselves to be "intimidated" by the SEC's demands. Spiro also emphasized that he and Musk maintain their legal right to defend themselves.
Additionally, Musk shared that the SEC has set a 48-hour deadline for him to accept a financial penalty or face charges related to the $44 billion acquisition of Twitter, which has now been renamed X.
Currently, neither the SEC nor Neuralink has provided any official comments when asked by Reuters. The silence from both sides raises public questions about the true nature of this investigation.
The SEC's focus on Neuralink may relate to legal aspects regarding the company's finances or operations. This is not the first time Elon Musk has faced legal issues related to his personal projects.