It was but it did also end and hamper future investigations by agencies like the FCC, CFBP, NHTSA, etc that had investigated or would be overseeing future businesses (eg Elon always talks about making X and 'Everything App' which would include transactions and quasi-banking which would be in CFBP's jurisdiction).

I'm fairly sure that was Elon's main goal, slash the ability for regulators to get in his way because they've been a constant minor nuisance to him and he saw a chance to hamstring them going forward even if Democrats get back in power soon the agencies will have a drastically reduced investigatory and regulatory efficacy just from losing the people that know how to do it.

https://www.latimes.com/business/story/2025-03-27/elon-musk-...