Democrats have been debating whether Twitter’s new ownership poses national security risks and warrants an investigation since billionaire Elon Musk’s acquisition of the social media platform late last month. However, Treasury Secretary Janet Yellen says that there is “no basis” for a probe into the Twitter deal.
Yellen’s comments came after President Joe Biden indicated that the Twitter acquisition was “worth being looked at” from a national security standpoint.
The Treasury Department has the authority to investigate certain acquisitions involving foreign investment in the United States.
“Well, I’m not sure precisely what [the president] had in mind, but we are—we have really no basis— to the best of my knowledge—to examine his finances of his company,” Yellen told CBS News on Nov. 15….