The Financial Association reported on December 13 (Editor Zhao Hao) that on Thursday local time (December 12), Elon Musk posted a formal letter from his lawyer Alex Spiro to SEC chairman Gary Gensler on Social Media X.

The letter reveals that SEC staff issued a settlement demand, requiring Musk to accept a fine within 48 hours or face multiple charges. It mentioned that this demand was the result of superior instructions, and should he disagree, charges would be filed immediately.

Musk's lawyer believes this demand marks the culmination of a years-long investigation, which also includes six years of "harassment" by the SEC and its personnel against Musk. In addition to the disclosure regarding the purchase of Twitter stocks, the SEC also restarted its investigation into the Brain-computer Interface company Neuralink this week.

The letter mentioned that the SEC recently summoned Spiro to testify and attempted to coerce him into cooperation through threats, "these series of events clearly indicate that the SEC is not motivated by the pursuit of facts, but is engaging in an action against Musk personally and his company driven by improper motives."

In response, Spiro wrote at the end of the letter, "We demand to know who directs these actions—whether it is you (Gensler) or the White House." He also emphasized that Musk's side would not be intimidated by the SEC's "tactics and erroneous plans" and reserves all rights.

It is understood that Gensler has previously announced he will resign on January 20, the day Trump takes office next year. Under this premise, Musk, who played a key role in Trump's return to the White House, is fully confident not to take the SEC and Gensler's threats seriously.

However, keeping quiet is not Musk's style; in the caption of his post, he wrote in a "sarcastic" tone, "Oh, Gary (Gensler), how could you do this to me?" accompanied by an expression of holding back tears.

In another post, Musk shared an image of Gensler generated by the chatbot Grok, intending to mock Gensler's appearance, and wrote, "I find this quite charming!"

The dispute between Musk and the SEC began in 2018 when Musk stated on Twitter his plan to take Tesla private at $420 per share, claiming that funding was secured. This move quickly drew accusations from the SEC, leading to Musk being fined and giving up his position as chairman of Tesla.

The "SF-4519" case mentioned in the letter refers to the SEC's pursuit of an investigation into whether Musk violated federal securities laws when purchasing Twitter stocks in 2022: Musk began buying Twitter stocks at the start of the year and later announced he became the largest shareholder, resulting in a significant rise in Twitter's stock price.

Previously, the Oklahoma firefighter pension and retirement system sued Musk in the New York federal court, accusing him of deliberately concealing his gradual investment and intent to acquire Twitter, which affected the decisions of other shareholders and placed them in a disadvantageous position.