Good morning. The SEC is suing Elon Musk, at least for now. The Biden administration plans yet more chip curbs. And crypto offerings did well last year, but Bitcoin is still the one to beat. Listen to the day’s top stories.

The SEC said Elon Musk had enriched himself at the expense of Twitter shareholders by not reporting a 5% stake he amassed in Twitter, now X, in time.

The Securities and Exchange Commission filed a lawsuit against Elon Musk stemming from procedural matters when he purchased Twitter.