Elon Musk and Mark Cuban collaborate to challenge SEC trial tactics.
In the intricate realm of legal disputes, the focus centers on the pivotal SEC vs. Jarkesy case, where George Jarkesy vehemently argues that his rights under the Seventh Amendment have been infringed upon. The likes of Elon Musk and Mark Cuban, distinguished figures in the worlds of finance and decentralized finance (DeFi), have jointly presented an amicus brief to the Supreme Court of the United States. Their collective effort aims to voice concerns regarding the U.S. Securities and Exchange Commission’s (SEC) unorthodox approach to conducting internal proceedings, a process devoid of jury involvement. Mark Cuban, the billionaire crypto enthusiast and ardent advocate of decentralized finance, actively immersed in the cryptocurrency space, joins forces with Elon Musk, the visionary CEO at the helm of Tesla and SpaceX. Elon, who recently rebranded Twitter to ‘X’ and perpetually courts attention and controversy in the crypto sphere, is of the view that these administra...