Who says Elon Musk manipulates #crypto !

Elon Musk has been accused of manipulating the cryptocurrency market on several occasions. In 2018, he was fined $20 million by the Securities and Exchange Commission (SEC) for making misleading tweets about Tesla's production plans.

In 2021, Musk made a series of tweets about $DOGE , a meme-based #cryptocurrency . These tweets caused the price of Dogecoin to fluctuate wildly. The SEC is currently investigating Musk for possible market manipulation in connection with his Dogecoin tweets.

Here are some of the ways that Elon Musk has been accused of manipulating the crypto market:

Making misleading or false statements about cryptocurrencies. In 2018, Musk tweeted that Tesla would accept $BTC as payment for its cars. However, this turned out to be false.

The SEC fined Musk $20 million for making this misleading statement.

Using his social media influence to promote cryptocurrencies. Musk has a large following on Twitter, with over 100 million followers. He has used his platform to promote cryptocurrencies, such as Dogecoin and Bitcoin. This has caused the prices of these cryptocurrencies to fluctuate wildly.

Engaging in pump and dump schemes. A pump and dump scheme is a fraudulent scheme where a group of people artificially inflate the price of a security, such as a cryptocurrency, and then sell their shares at a profit. Musk has been accused of engaging in pump and dump schemes with cryptocurrencies.

It is important to note that Elon Musk has not been convicted of any crimes related to market manipulation. However, the SEC is currently investigating him for possible wrongdoing.