Elon Musk in trouble over Trump Twitter records

TL;DR Breakdown

  1. Elon Musk’s acquired platform, X (formerly Twitter), fined $350,000 over delay in providing Trump’s account records.
  2. The request was part of a DoJ investigation into disruptions post-2020 elections and the January 6 Capitol breach.
  3. X tried challenging a gag order that prevented public discussion of the warrant, citing First Amendment rights.

Description

Elon Musk’s recent acquisition, now rebranded as X but once widely recognized as Twitter, finds itself ensnared in legal controversies involving none other than former U.S. President Donald Trump. A hefty $350,000 fine was slapped on X for its delay in responding to a covert search warrant relating to Trump’s infamous Twitter records. The evolving … Read more

Elon Musk’s recent acquisition, now rebranded as X but once widely recognized as Twitter, finds itself ensnared in legal controversies involving none other than former U.S. President Donald Trump.

A hefty $350,000 fine was slapped on X for its delay in responding to a covert search warrant relating to Trump’s infamous Twitter records. The evolving drama provides a window into the intricate dance of politics, business, and law.

A timely request goes unanswered

Earlier this year, X received a clandestine search warrant from the U.S. Department of Justice (DoJ). This was part of a broader probe examining potential disruptions to the peaceful transition of power following the contentious 2020 elections and the infamous January 6 Capitol incursion led by Trump’s advocates.

The directive from DoJ explicitly sought records and data from Trump’s @realdonaldtrump handle, which had served as his digital bullhorn, projecting his voice directly to millions.

However, in a turn of events, X allegedly missed the stipulated timeline, furnishing only a partial set of records by the deadline. The delay, as it turns out, wasn’t just due to oversight or inefficiency.

X attempted to challenge a gag order that stifled its ability to speak about the warrant publicly, claiming it violated their First Amendment rights.

A subsequent lower court verdict articulated that alerting Trump prematurely could jeopardize the integrity of the ongoing investigation. They feared it might grant Trump an undue advantage, including potential destruction of evidence or altering behavioral patterns.

Musk’s internal strains and external scrutiny

While Musk’s X grappled with legal complexities, internal tremors within the company were evident. Musk, whose acquisition of the platform amounted to a whopping $44bn last October, instituted significant workforce reductions, slashing numbers from 7,500 to approximately 1,500.

Such massive cuts, especially in compliance personnel, have set off alarm bells among global regulators. Musk’s decision to reinstate Trump’s Twitter account, post its suspension due to the January 6 disturbances, was another bold move.

Trump, however, hasn’t taken the bait yet. Instead, he’s channeling his energy into Truth Social, a competing social platform.

Donald Trump remains in the eye of a legal hurricane. The former President faced arraignment on multiple charges, including allegations of conspiring to defraud the U.S. and obstructing a government process.

The charges stem from the second case filed by the special counsel Jack Smith’s office. Smith, a choice appointee of U.S. attorney-general Merrick Garland, has been pivotal in spearheading investigations involving Trump.

His legal woes don’t end there. Earlier, in April, the Manhattan district attorney slapped him with charges related to falsifying business records.

Not one to be silenced, Trump continues his narrative of being the victim of a political vendetta. His stance is clear: all these legal tussles are nothing more than a politically motivated “witch hunt”.

Disclaimer: The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

文章来源于互联网:Elon Musk in trouble over Trump Twitter records

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年8月11日 06:35
Next 2023年8月11日 08:00

Related articles

  • Operational issues plague Venezuelan petro blockchain, affecting user transactions

    TL;DR Breakdown The blockchain of Venezuela’s official cryptocurrency, the petro, has been facing operational difficulties, with block production halting and wallets being blocked or eliminated. The petro blockchain stopped generating blocks on May 24 and experienced further interruptions on May 27 and May 28, impacting user transactions. Asonacrip, a local cryptocurrency association, reported eliminating and blocking hundreds of petro wallets, causing concerns among active community members. The blockchain powering the petro, the official cryptocurrency asset of Venezuela, has encountered operational difficulties, disrupted its functionality and causing concerns among the crypto community. According to a joint statement issued by Asonacrip, a local cryptocurrency association, and Cryptoland.vzla, the Petro blockchain experienced a halt in block generation on May 24, rendering transactions between different wallets impossible. While the blockchain briefly resumed block production on May 27, it encountered another halt on May 28, exacerbating the challenges faced by users. Hundreds of petro wallets blocked or eliminated In addition to the operational disruptions, Asonacrip and Cryptoland.vzla highlighted the elimination and blocking of hundreds of petro wallets during the initial blockchain halt. This sudden and…

    Article 2023年6月2日
  • Custodia CEO questions the controversy surrounding FedNow launch

    TL;DR Breakdown Custodia Bank CEO calls out controversial inclusion in the early adopter’s list. Regulatory transparency and the challenges surrounding FinTechs. Description On the same day the Federal Reserve announced the launch of its FedNow instant payment service, an intriguing revelation caught the attention of Caitlin Long, CEO of Custodia Bank. FedNow allows real-time, always-on money transfers within its interbank system, but Long noticed an unusual aspect among the list of early adopters. Adyen, an Amsterdam-based company, … Read more On the same day the Federal Reserve announced the launch of its FedNow instant payment service, an intriguing revelation caught the attention of Caitlin Long, CEO of Custodia Bank. FedNow allows real-time, always-on money transfers within its interbank system, but Long noticed an unusual aspect among the list of early adopters. Adyen, an Amsterdam-based company, was among the 35 banks and credit unions with access to the service, despite having reportedly received its federal master account in July 2020, a year before being approved to establish a U.S. branch. Custodia CEO questions the situation Long raised a crucial question on…

    Article 2023年7月23日
  • Pro-XRP lawyer falls victim to latest cyber intrusion

    TL;DR Breakdown Pro-XRP lawyer John Deaton faced a phone hack on June 4, which occurred during a relentless cyberattack that spanned several days. Deaton has gained recognition for his strong stance against regulatory enforcement measures implemented by US agencies. The incident highlights the importance of cybersecurity within the crypto industry and the need for vigilance in safeguarding personal accounts and information. Pro-XRP lawyer John Deaton faced a phone hack on June 4, which occurred during a relentless cyberattack that spanned several days. Deaton, known for representing over 76,000 XRP token holders in the Ripple vs. SEC lawsuit, experienced unauthorized access to his Twitter account. The hackers used his account to promote a cryptocurrency called $LAW token, which currently has a negligible market cap. CryptoLaw, an account associated with Deaton and managed by his legal team, promptly responded to the hacker’s tweets, clarifying that the messages did not originate from Deaton himself. The team assured followers that immediate steps were being taken to rectify the situation and address the breach. 🚨John Deaton’s phone has been hacked today after a relentless cyberattack…

    Article 2023年6月8日
  • BlackRock’s crypto journey: From skepticism to embracing digital assets

    TL;DR Breakdown BlackRock, the world’s largest asset manager, has filed for a spot Bitcoin ETF, showcasing a shift in its previous skepticism towards cryptocurrencies. The firm’s CEO, Larry Fink, had stated in 2018 that clients showed no interest in crypto, but since then, BlackRock has actively studied digital currencies and partnered with Coinbase to provide access to Bitcoin for institutional clients. If approved, the spot Bitcoin ETF could have significant implications for the cryptocurrency market, while BlackRock’s collaboration with Coinbase reflects a commitment to compliance amidst increasing regulatory oversight. Description In a surprising move, BlackRock, the world’s largest asset manager,filed an application for a spot Bitcoin exchange-traded fund (ETF) on Thursday. However, considering its previous skepticism, this development marks a significant shift in the firm’s stance towards cryptocurrencies. The move also highlights the changing attitudes of institutional players towards the crypto market since 2018. Contents … Read more In a surprising move, BlackRock, the world’s largest asset manager,filed an application for a spot Bitcoin exchange-traded fund (ETF) on Thursday. However, considering its previous skepticism, this development marks a significant shift…

    Article 2023年6月21日
  • EAEU urges BRICS and SCO for joint digital currency use

    TL;DR Breakdown The Eurasian Economic Commission (EEC) Chairman, Mikhail Myasnikovich, has proposed that the BRICS nations, the Shanghai Cooperation Organization (SCO), and the Eurasian Economic Union (EAEU) adopt joint policies regarding digital currencies and develop a common payment card system. Myasnikovich’s call for collaboration was made during the second Eurasian Economic Forum in Moscow, underlining the growing importance of digital currencies in the global financial landscape. This proposal aligns with a broader trend among these nations towards increasing the use of national currencies for settlements, with nearly 80% of settlements within the EAEU already conducted using national currencies. In a strategic move aimed at furthering economic integration, Mikhail Myasnikovich, the Chairman of the Board of the Eurasian Economic Commission (EEC), has urged the BRICS nations, the Shanghai Cooperation Organization (SCO), and the Eurasian Economic Union (EAEU) to embrace the potential of digital currencies. Speaking at the second Eurasian Economic Forum in Moscow, Myasnikovich proposed a collaborative approach towards the use of digital currencies and the establishment of a unified payment card system. A common digital payment system: The next step…

    Article 2023年5月30日
TOP