Elon Musk was asked by a U.S. judge to testify in court documents on Saturday related to the investigation into his 2022 acquisition of Twitter, which the U.S. Securities and Exchange Commission (SEC) is investigating whether Musk or others are among the billionaires. Committed securities fraud in the process of beginning to purchase Twitter stock and building up a holding before acquiring the social media company. Musk completed his acquisition of Twitter in October 2022 in a deal valued at approximately $44 billion and has since rebranded it as X. In a February 10, 2024 order, federal Judge Laurel Beeler wrote that while Musk and his legal team argued that the SEC's subpoena in the matter constituted harassment of the billionaire, the federal financial regulator "did not "Within the scope of their powers," their subpoena "is clear and seeks relevant information" for the investigation. Federal financial regulators and Musk now have a week to set a date and location for his testimony. Musk, his lawyers and the Securities and Exchange Commission did not immediately respond to requests for comment.