Golden Finance reported that a US federal judge dismissed the SEC's request for sanctions against Elon Musk, citing his absence from testifying regarding the court order related to his $44 billion acquisition of Twitter. Judge Jacqueline Scott Corley ruled that Musk should not face sanctions for his testimony on October 3, and ordered the SEC to reimburse him $2,923 in travel expenses. The SEC believed Musk violated the order from May 31 and sought stronger deterrents, but Corley considered the matter to be moot. Musk attributed his absence on September 10 to overseeing SpaceX's Polaris Dawn mission. The SEC's investigation aims to determine whether Musk delayed disclosing his purchase of Twitter shares in 2022, which could violate securities laws. Critics argue that this delay allowed Musk to acquire the company's stock at a lower price before disclosing his 9.2% stake. Musk previously acknowledged a misunderstanding of SEC rules. He had settled with the SEC in 2018 over Tesla-related tweets. The case is still being heard in the Northern District of California. (Bitcoin.com)

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