Musk: SEC engages in dirty politics, imposing diversity quotas on the market

On December 12, BlockBeats reported that Elon Musk retweeted a tweet from Cory Liu, a professor at the University of Texas Law School, and said that the Securities and Exchange Commission (SEC) of the United States is just a weaponized institution engaged in dirty politics. Cory Liu’s tweet mentioned that the full panel of judges of the Fifth Circuit Court of Appeals believed that the SEC’s behavior in approving Nasdaq’s relevant policies was illegal. This policy forced the company’s board of directors to implement identity-based diversity quotas, which consider race, gender, sexual orientation, and gender identity, or require written explanations for quotas that were not met. The legal authority of the SEC is to ensure fair and honest markets, not to impose identity politics motivated by politics on corporate decisions. Vivek Ramaswamy, co-leader of the Efficient Government Department (DOGE), said that when agencies like the SEC repeatedly embarrass themselves in federal courts for contempt of the law, they lose their legitimacy as law enforcement agencies.