{"id":2390514,"date":"2025-01-15T10:25:01","date_gmt":"2025-01-15T15:25:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/corrupt-to-the-end-biden-admin-sues-elon-6-days-before-trump-throws-them-all-out-on-their-ears\/"},"modified":"2025-01-15T10:27:24","modified_gmt":"2025-01-15T15:27:24","slug":"corrupt-to-the-end-biden-admin-sues-elon-6-days-before-trump-throws-them-all-out-on-their-ears","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/corrupt-to-the-end-biden-admin-sues-elon-6-days-before-trump-throws-them-all-out-on-their-ears\/","title":{"rendered":"Corrupt to the End: Biden Admin Sues Elon 6 Days Before Trump Throws Them All Out on Their Ears"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">38<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fcorrupt-to-the-end-biden-admin-sues-elon-6-days-before-trump-throws-them-all-out-on-their-ears%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2390514&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>The summary discusses the recent actions of\u200b President Joe Biden&#8217;s administration, notably those of the \u200bSecurities and Exchange Commission (SEC) \u2064under \u2064departing chair\u200b Gary \u200bGensler. The SEC\u200c has \u2064filed a lawsuit against Elon \u2062Musk, \u2063claiming he <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-releases-executive-order-on-cryptocurrencies\/\" title=\"Biden Releases Executive Order on Cryptocurrencies\">violated securities laws<\/a> by failing to timely disclose his acquisition of over five percent of X (formerly \u2063Twitter) in March 2022. The lawsuit alleges that Musk&#8217;s oversight allowed him to purchase shares at <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/musk-calls-for-judge-to-dismiss-lawsuit-brought-by-x-shareholders-washington-examiner\/\" title=\"Musk calls for judge to dismiss lawsuit brought by X shareholders - Washington Examiner\">artificially low prices<\/a>, costing investors \u2062significantly. Musk, known for his <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/slobs-score-major-win-as-john-fetterman-makes-new-york-times-most-stylish-list\/\" title=\"Slobs Score Major Win as John Fetterman Makes New York Times&#039; &quot;Most Stylish&quot; List\">irreverent style<\/a>, rejected a settlement wiht \u2062the SEC and mocked Gensler publicly. His lawyer contends that the \u200dlawsuit is unfounded, arguing that Musk has done nothing wrong. The context includes the impending transition\u2064 to \u200da \u200dnew administration, as President-elect Donald Trump is expected to appoint former SEC commissioner Paul Atkins, raising questions about the future of the SEC&#8217;s\u2062 actions against Musk. The article \u2063portrays Biden&#8217;s \u2064administration as resolute to leave \u2062a legacy, even amidst challenges like inflation\u2064 and international\u200b conflicts.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<section> \t\t\t\t<script>console.log(\"ad slot (AC1)\")<\/script><script>console.log(\"ad slot (IC1)\")<\/script><script>console.log(\"ad slot (IC2)\")<\/script><script>console.log(\"ad slot (IC3)\")<\/script><script>console.log(\"ad slot (IC4)\")<\/script><script>console.log(\"ad slot (REP_0)\")<\/script><\/p>\n<p>President Joe Biden&rsquo;s administration is working diligently to make its final week a headache for us all to remember.<\/p>\n<p>Biden&rsquo;s latest action involves his Securities and Exchange Commission under departing chair Gary Gensler suing X owner <a href=\"https:\/\/www.westernjournal.com\/steve-bannon-says-will-push-truly-evil-elon-musk-trumps-inner-circle-inauguration-day\/\" target=\"_blank\" rel=\"noopener\">Elon Musk<\/a>.<\/p>\n<p>The New York Times <a href=\"https:\/\/www.nytimes.com\/2025\/01\/14\/technology\/sec-elon-musk-securities-violations.html?smid=tw-nytimes&amp;smtyp=cur\" target=\"_blank\" rel=\"noopener\">reported<\/a> Tuesday the SEC&rsquo;s filing states Musk was in violation of securities laws by buying stock in X &mdash; formerly Twitter &mdash; without filing proper notice.<\/p>\n<p><a href=\"https:\/\/www.sec.gov\/files\/litigation\/complaints\/2025\/comp26219.pdf\" target=\"_blank\" rel=\"noopener\">The filing<\/a> itself reads as follows:<\/p>\n<p>&ldquo;Musk failed to timely file with the SEC a <a href=\"https:\/\/amzn.to\/3YuVZYV\">beneficial ownership report<\/a> disclosing his acquisition of more than five percent of the outstanding s of <a href=\"https:\/\/www.westernjournal.com\/alarming-report-x-twitter-still-suppressing-conservatives-boosting-leftists\/\" target=\"_blank\" rel=\"noopener\">Twitter<\/a>&rsquo;s common stock in March 2022, in violation of the federal securities laws.<\/p>\n<p> <script type=\"text\/javascript\"> \t\t\tif ( getCookie( \"ff_subbed\" ) ) { \t\t\t\tdocument.getElementById(\"stnvideo\").remove() \t\t\t} \t\t<\/script> <\/p>\n<p>&ldquo;As a result, Musk was able to continue purchasing s at artificially low prices, allowing him to underpay by at least $150 million for s he purchased after his beneficial ownership report was due.&rdquo;<\/p>\n<p>The Times indicated in their report these filings are essential for investors keeping track of the market&rsquo;s performance in order to be in-the-know.<\/p>\n<p>This news is not blindsiding as Musk &ndash; in his usual irreverent fashion &ndash; posted a letter from his lawyer to<a href=\"https:\/\/www.westernjournal.com\/mayor-bass-frantically-edits-mind-blowing-x-post-late-everyone-already-noticed-massive-mistake\/\" target=\"_blank\" rel=\"noopener\"> X<\/a> where the former rejected a settlement with the SEC.<\/p>\n<p>Moreover, this is the third filing against him by the SEC in December.<\/p>\n<p>Musk made light of the situation, poking fun at Gensler, asking, &ldquo;Oh Gary, how could you do this to me?&rdquo;<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Oh Gary, how could you do this to me? &#129401; <a href=\"https:\/\/t.co\/OoooQI77ZS\">pic.twitter.com\/OoooQI77ZS<\/a><\/p>\n<p>&mdash; Elon Musk (@elonmusk) <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1867357433493872874?\">December 12, 2024<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Alex Spiro, his lawyer, wrote, &ldquo;Today&rsquo;s action is an admission by the S.E.C. that they cannot bring an actual case, because Mr. Musk has done nothing wrong and everyone sees this sham for what it is.&rdquo;<\/p>\n<p>President-elect <a href=\"https:\/\/www.westernjournal.com\/strategic-importance-trumps-move-acquire-greenland\/\" target=\"_blank\" rel=\"noopener\">Donald Trump<\/a> intends to replace Gensler with former SEC commissioner Paul Atkins. Although no one can predict the future, given Musk&rsquo;s position as co-chairperson of the Department of Government Efficiency, its highly unlikely this will go much further &mdash; making it little more than a symbolic gesture.<\/p>\n<p>As the Times quotes Columbia Law Professor Daniel Richman, this falls in line with a number of filings by Biden appointees who are,&nbsp; &ldquo;on their way out.&rdquo;<\/p>\n<p>With Inauguration Day less than a week away, this is simply Biden and his SEC being defiant until the end.<\/p>\n<p>This administration is determined to leave its mark &mdash; for worse &mdash; despite many Americans already reeling from the last four years of international conflict and inflation.<\/p>\n<p>Biden has done so much damage, the best thing he could do for his legacy is remain on the sidelines and be quiet.<\/p>\n<p>No thinking person would actually look at the SEC&rsquo;s lawsuit as a principled takedown of Musk. Do Gensler or Biden really expect Atkins to pick up the reigns and resume their crusade against one of <a href=\"https:\/\/www.westernjournal.com\/watch-pete-hegseth-repeatedly-interrupted-protesters-confirmation-hearing\/\" target=\"_blank\" rel=\"noopener\">Trump&rsquo;s closest allies<\/a>?<\/p>\n<p>Musk is quite literally <a href=\"https:\/\/www.westernjournal.com\/elon-musk-reportedly-living-just-hundred-feet-trumps-main-residence-cooking\/\" target=\"_blank\" rel=\"noopener\">living at Mar-a-Lago<\/a>.<\/p>\n<p>Biden and Gensler want to cause as much disruption as possible, ensuring this <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/harris-transition-wont-be-a-piece-of-cake-despite-incumbency-washington-examiner\/\" title=\"Harris transition won&#039;t be &#039;a piece of cake,&#039; despite incumbency - Washington Examiner\">transition won&#038;rsquo<\/a>;t be smooth &mdash; and that&rsquo;s about as fitting of an end to this presidency as one could imagine.<\/p>\n<div style=\"position: relative;\">\n<div class=\"ff-fancy-header-container\"> \t\t\t \t<\/div>\n<div class=\"entry-submit-correction inner-content\">\n<div class=\"correction-form\">\n<form style=\"display: none;\">\n<div class=\"sc-name-field\"> \t\t\t\t\t\t<label>* Name<\/label> \t\t\t\t\t\t<br \/> \t\t\t\t\t\t<input type=\"text\" name=\"name\" required> \t\t\t\t\t<\/div>\n<div class=\"sc--field\"> \t\t\t\t\t\t<label>* <\/label> \t\t\t\t\t\t<br \/> \t\t\t\t\t\t<input type=\"text\" name=\"\" required> \t\t\t\t\t<\/div>\n<p> \t\t\t\t\t<label>* Message<\/label> \t\t\t\t\t<br \/> \t\t\t\t\t<textarea name=\"message\" required><\/textarea> \t\t\t\t\t \t\t\t\t\t<\/p>\n<div class=\"required-message\" style=\"display: none; padding-bottom: 15px;\">* All fields are required.<\/div>\n<p> \t\t\t\t\t<input type=\"submit\" value=\"Submit\" onclick=\"event.preventDefault(); firefly_sc();\"> \t\t\t\t\t \t\t\t\t\t<\/p>\n<div class=\"firefly-sc-confirm\" style=\"display: none;\">Success!<\/div>\n<\/p><\/form>\n<\/p><\/div>\n<\/p><\/div>\n<p> \t\t<script> \t\t\tfunction firefly_sc() { \t\t\t\tif( typeof window.captchaPublicKey==typeof undefined ){ \t\t\t\t\tconsole.error('window.captchaPublicKey is not defined'); \t\t\t\t} \t\t\t\tgrecaptcha.execute( window.captchaPublicKey, { action: 'submit_correction' } ).then( function( token ) { \t\t\t\t\tvar opts={ \t\t\t\t\t\taction:    'firefly_sc_submit', \t\t\t\t\t\tname:      document.querySelector( '.entry-submit-correction [name=\"name\"]' ).value, \t\t\t\t\t\t:     document.querySelector( '.entry-submit-correction [name=\"\"]' ).value, \t\t\t\t\t\tmessage:   document.querySelector( '.entry-submit-correction [name=\"message\"]' ).value, \t\t\t\t\t\tpost_id:   firefly_post_id, \t\t\t\t\t\tcap_token: token \t\t\t\t\t}  \t\t\t\t\tvar inputs=[ 'name', '', 'message' ];  \t\t\t\t\tfor( var i=0; i <inputs.length; i++ ) if( ! ( opts[inputs[i]]=document.querySelector( '.entry-submit-correction [name=\"' + inputs[i] + '\"]' ).value ) ) { \t\t\t\t\t\tdocument.querySelector( '.entry-submit-correction .required-message' ).style.display='block'; \t\t\t\t\t\treturn; \t\t\t\t\t}  \t\t\t\t\tdocument.querySelector( '.entry-submit-correction input[type=\"submit\"]' ).style.display='none'; \t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-submitting-img' ).src=firefly_loading_gif_url; \t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-submitting-img' ).style.display='inline-block';  \t\t\t\t\tconsole.log( 'ma subbing' );  \t\t\t\t\tif( firefly_post_id ) opts['post_id']=firefly_post_id;  \t\t\t\t\t\/* Send the data using post with element id name and name2*\/ \t\t\t\t\tvar posting=jQuery.post( firefly_ajax_url, opts );  \t\t\t\t\t\/* Alerts the results *\/ \t\t\t\t\tposting.done( function( response ) { \t\t\t\t\t\tif( response.success ) { \t\t\t\t\t\t\tconsole.log( response.data ); \t\t\t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-submitting-img' ).style.display='none'; \t\t\t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-confirm' ).style.display='block';  \t\t\t\t\t\t\tdataLayer.push( { 'event': 'submit-correction' } ); \t\t\t\t\t\t} \t\t\t\t\t}); \t\t\t\t}); \t\t\t} \t\t<\/script> \t     \t\t\t\t\t\t     \t\t\t\t\t<\/div>\n<p style=\"border: 1px solid #f5f5f5; padding: 16px;\">Advertise with The Western Journal and reach millions of highly engaged readers, while supporting our work. <a href=\"https:\/\/www.westernjournal.com\/advertise-us\/?wj_source=article\">Advertise Today<\/a>.<\/p>\n<p><script>console.log(\"ad slot (BA1)\")<\/script> \t\t<\/p>\n<div class=\"ff-fancy-header-container\"> \t\t\t \t<\/div>\n<style> \t\t\t \t\t\t.insticator-unit.type-commenting{margin: 0 10px 25px 10px}@media screen and (max-width:1060px){#div-insticator-ad-cmt-1, #div-insticator-ad-cmt-2, #div-insticator-ad-cmt-3, #div-insticator-ad-cmt-4{margin: 0 auto 25px auto !important;}}#div-insticator-ad-cmt-1, #div-insticator-ad-cmt-2, #div-insticator-ad-cmt-3, #div-insticator-ad-cmt-4{height: 280px !important; width: 336px !important} \t\t<\/style>\n<div class=\"insticator-unit type-commenting\">\n<div class=\"insticator-ads\"> \t\t\t\t \t\t\t\t \t\t\t\t<script data-cfasync=\"false\" type=\"text\/javascript\"> \t\t\t\t\tif ( ! getCookie( \"ff_subbed\" ) ) { \t\t\t\t\t\tInsticator.ad.loadAd(\"div-insticator-ad-cmt-1\"); \t\t\t\t\t\tInsticator.ad.loadAd(\"div-insticator-ad-cmt-2\"); \t\t\t\t\t} else { \t\t\t\t\t\tdocument.getElementById(\"div-insticator-ad-cmt-1\").remove() \t\t\t\t\t\tdocument.getElementById(\"div-insticator-ad-cmt-2\").remove() \t\t\t\t\t} \t\t\t\t<\/script> \t\t\t<\/div>\n<div class=\"insticator-ads additional\"> \t\t\t\t \t\t\t\t \t\t\t\t<script data-cfasync=\"false\" type=\"text\/javascript\"> \t\t\t\t\tif ( ! getCookie( \"ff_subbed\" ) ) { \t\t\t\t\t\tInsticator.ad.loadAd(\"div-insticator-ad-cmt-3\"); \t\t\t\t\t\tInsticator.ad.loadAd(\"div-insticator-ad-cmt-4\"); \t\t\t\t\t} else { \t\t\t\t\t\tdocument.getElementById(\"div-insticator-ad-cmt-3\").remove() \t\t\t\t\t\tdocument.getElementById(\"div-insticator-ad-cmt-4\").remove() \t\t\t\t\t} \t\t\t\t<\/script> \t\t\t<\/div>\n<\/p><\/div>\n<\/section>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Joe Biden&#8217;s administration is making its final week memorable for all the wrong reasons. The latest move involves the Securities and Exchange Commission, led by outgoing chair Gary Gensler, filing a lawsuit against Elon Musk, owner of X (formerly Twitter). According to a report from The New York Times, the SEC claims Musk violated securities laws by purchasing stock in X without proper notification. The filing alleges that Musk failed to submit a beneficial ownership report after acquiring over five percent of Twitter&#8217;s common stock in March 2022, which is against federal securities regulations. This oversight allowed him to buy shares at artificially low prices, resulting in an underpayment of at least $150 million for shares acquired after his report was due. These filings are crucial for investors monitoring market performance.<\/p>\n<p>Musk responded with his characteristic irreverence by sharing a letter from his lawyer on X that rejected a settlement with the SEC. This marks the third action taken against him by the SEC this December. He humorously questioned Gensler\u2019s actions on social media.<\/p>\n<p>Musk&#8217;s attorney stated that this lawsuit indicates the SEC cannot substantiate their case because Musk has done nothing wrong and views it as a farce. President-elect Donald Trump plans to replace Gensler with former SEC commissioner Paul Atkins; however, given Musk\u2019s role as co-chairperson of the Department of Government Efficiency, it&#8217;s unlikely this will escalate further\u2014rendering it largely symbolic.<\/p>\n<p>As noted by Columbia Law Professor Daniel Richman, these actions align with several filings made by Biden appointees who are nearing their exit. With Inauguration Day approaching quickly, Biden and his SEC appear determined to make their presence felt until the end despite many Americans already struggling with issues like inflation and international conflict during Biden&#8217;s term. Critics argue that instead of pursuing such lawsuits against allies of Trump\u2014like Musk who resides at Mar-a-Lago\u2014the administration should focus on leaving quietly for better legacy management.<\/p>\n<p>Biden and Gensler seem intent on creating disruption during this transition period\u2014a fitting conclusion to an administration marked by turmoil<\/p>\n","protected":false},"author":1,"featured_media":2390515,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2025\/01\/elon.jpg","fifu_image_alt":"","footnotes":""},"categories":[33651],"tags":[32502,32192,3634],"class_list":["post-2390514","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-western-journal","tag-biden-administration","tag-elon-musk","tag-trump"],"fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2025\/01\/elon.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2390514","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2390514"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2390514\/revisions"}],"predecessor-version":[{"id":2390518,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2390514\/revisions\/2390518"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2390515"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2390514"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2390514"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2390514"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}