The United States Securities and Exchange Commission(SEC) has filed a request for an order compelling Elon Musk to testify regarding multiple allegations of fedaral securities low violations.

The SEC is seeking Elon Musk's court appearance regarding his action related to buying Twitter in 2022.

SEC Continues Musk investigation, Gathers information

In a recent statement, the SEC claims that Musk did not appear for testimony as mandated by the investigative subpoena issued by the SEC.

It clarifies that Musk received substantial advance notice to attend the testimony in May 2023. This was nearly four months ahead of the scheduled date in September.

just two days before, Musk reportedly informed the SEC that he would not appear:

"Musk attempted to justify his refusal to

comply with the subpoena by raising, for the first time,

several spurious objections."

The SEC asserts that although it has already collected information for its investigation, it anticipates that Musk's testimony will provide additional insights.

in further affirms that it is currently in the process of gatherin information and is not alleging guilt at this point in time:

"The SEC staff is continuing its fact

finding investigation and, to date,

has not concluded that any individual

or entity has violated the federal securities laws."

Musk Upholds His Dogecoin Advocacy

Musk, a passionate crypto commentator,has gained recognition within the community for his enthusiastic support of Dogecoin.

ongoing rumors suggest that Musk may potentially integrate Dogecoin into the X platforms as a form of payment.

However, due to ongoing legal proceedings with the SEC, Musk has adopted a more reserved approach to endorsing Dogecoin.

at the time of publication, Dogecoin's price stands at 0.061$

Dgoecoin live chart 7D.

During a May 24th interview, Musk offered a lighthearted response when questioned about Dogecoin, accompanied by a disclaimer emphasizing that his remarks were not intended as financial advice:

"I'm not advising anyone to buy crypto or bet the farm on Dogecoin or anything like that. But Dogecoin is my favorite cryptocurrency because it has the best humor and dogs,

-Elon Musk"

In April, a Manhattan court awarded Elon Musk a $258 billion lawsuit alleging that he conducted pyramid deals on behalf of Dogecoin.