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US court lets SEC lawsuit over Elon Musk’s 2022 Twitter stake disclosure move forward
On February 4 2026, US District Judge Sparkle Sooknanan rejected Elon Musk’s bid to dismiss an SEC lawsuit accusing him of missing the deadline to report his growing Twitter stake. The case centers on Musk’s 2022 share purchases and the regulator’s claim that the delay may have let him buy stock more cheaply, while a separate section of the report outlines how his AI venture xAI is seeking an edge against rivals through a proposed merger with SpaceX.
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White House pushes banks and crypto to agree on stablecoin yields before March
Updated on February 3, 2026, the White House brought together crypto firms and Wall Street banks to negotiate whether stablecoins should carry yields, with an objective to reach a deal before the beginning of March, according to people familiar with the private talks. Banking groups said they are prepared to collaborate, while industry advocate Cody Carbone described the meeting as meaningful progress despite no immediate agreement.
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