As Jim Hoft previously reported, Biden-Harris’s Securities and Exchange Commission has been baselessly investigating Elon Musk’s lawful purchase of X/Twitter since 2022 and is suing him. Now, the Biden-Harris regime intends to levy the full force of the ‘law’ in an effort to punish one of their most formidable enemies.

Reuters reported Friday that the SEC said they would sanction Elon Musk after he refused to appear in court for testimony regarding his acquisition of X/Twitter. To make matters worse, they are making this decision even though his testimony had already been rescheduled for early October, demonstrating the Regime was looking for an excuse to harm the world’s richest man.

From Reuters:

The U.S. Securities and Exchange Commission said on Friday it intends to seek sanctions against Elon Musk after he failed to appear for court-ordered testimony for the regulator’s probe into his $44 billion takeover of X/Twitter.

In a court filing, the SEC said the sanctions motion would seek an order to show cause for why Musk should not be held in civil contempt for waiting until just three hours before the scheduled Sept. 10 testimony to advise he would not appear.

Lawyers for Musk called sanctions “drastic” and unnecessary, saying his testimony has already been rescheduled for Oct. 3.

A spokesman for the SEC declined to comment.

The Gateway Pundit previously revealed last year that the Regime’s SEC had sued Musk because they subpoenaed him last September to show up in a San Francisco court and testify regarding his purchase of X/Twitter. He did not show up, likely assuming it was a trap.

This also fulfills a promise from Biden, who previously vowed to target Musk right after he purchased X/Twitter in 2022.

“There’s a lot of ways to get him,” Biden boasted.

WATCH:

BREAKING: The SEC will sanction Elon Musk in its Twitter acquisition probe

Biden right after Elon bought Twitter:

"There's a lot of ways [to get him]" pic.twitter.com/HrHH9mwNP6

— End Wokeness (@EndWokeness) September 20, 2024