Tesla Board Member’s Crypto ‘Conflict of Interest’ May Blight Bitcoin Buy

The Tesla-bitcoin (BTC) plot continues to thicken after it was revealed that one of the decision-making board members who may have approved the auto giants game-changing crypto move is an investor with board seats at two major crypto players.　　Per The Telegraph, Tesla independent board member Antonio Gracias was part of a four-member audit committee that may have approved Teslas BTC purchase.　　But Gracias seems to have skin in the crypto game, as he and his investment vehicle Valor Equity Partners have invested in BitGo, an American crypto custody heavyweight, and the crypto contract trading platform ErisX, per data from the startup info repository PitchBook. He currently holds board seats at both companies.　　Gracias also backed crypto venture Harbor, a company that BitGo snapped up in an M&A deal last year.　　The report alleged that Tesla would likely “face further questions” as a result of the news, with Tesla supremo Elon Musk already in line to face a grilling from the top American financial regulator, the Securities and Exchanges Commission, over his Twitter activity leading up to the announcement.　　Gracias was described as a “longtime Musk ally.” He first invested in Tesla in 2005, joining the automaker‘s board in 2007, although he is due to