Elon Musk’s Division of Authorities Effectivity (DOGE) has reportedly turned its consideration to the U.S. Securities and Alternate Fee (SEC) as a part of its broader effort to curb authorities spending.
In response to a 17 February 2025 Politico report, sources acquainted with the matter say that DOGE’s presence on the SEC is imminent. “They’re on the gates,” one nameless insider famous.
In latest weeks, DOGE has aggressively expanded its attain throughout a number of federal companies, launching greater than 30 affiliate pages on X to bolster its mission of exposing waste, fraud, and abuse in authorities spending.
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Musk’s DOGE Launches DOGE SEC
One such affiliate, DOGE SEC, issued a public name for help, stating: “DOGE is looking for assist from the general public! Please DM this account with insights on discovering and fixing waste, fraud, and abuse regarding the Securities and Alternate Fee.”
Musk has been a longtime critic of the SEC, steadily clashing with the regulator over its enforcement actions in opposition to him and his firms. The strain escalated in a latest lawsuit, the place the SEC accused Musk of underpaying Twitter buyers by greater than $150 million.
In response, Musk condemned the company, labeling it a “completely damaged group” that focuses on petty issues as a substitute of actual monetary crimes.
The push for DOGE’s involvement with the SEC has raised issues amongst Democratic lawmakers, together with Rep. Maxine Waters, who fears that Musk could use his entry to acquire delicate SEC information.
— Elon Musk (@elonmusk) February 17, 2025
One specific space of concern is the Consolidated Audit Path (CAT), an unlimited trade-tracking system that lawmakers declare could possibly be exploited for Musk’s private profit or to settle previous grievances.
Addressing these issues, White Home press secretary Karoline Leavitt assured that President Trump won’t enable conflicts of curiosity, and Musk has reportedly dedicated to recusing himself from any potential conflicts.
The SEC stays underneath performing Chair Mark Uyeda, whereas Trump’s nominee, Paul Atkins, awaits affirmation. Cointelegraph reached out to the SEC for remark however has not but acquired a response.
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DOGE’s Increasing Attain
Past the SEC, DOGE has been actively pursuing entry to different federal companies and information. A federal choose dominated on Feb. 17 that DOGE may acquire delicate pupil mortgage information from the Division of Training, in response to ABC Information.
Moreover, DOGE is reportedly looking for entry to taxpayer information on the Inside Income Service (IRS), as per the Related Press.
As reported, a coalition of labor unions has filed a lawsuit in opposition to the US Treasury. It alleges that the treasury unlawfully granted DOGE entry to extremely delicate monetary and private information.
The lawsuit, led by the American Federation of Labor and Congress of Industrial Organizations (AFL-CIO), was filed in a Washington, DC federal court docket on 3 February 2025.
Not too long ago, former presidential candidate Vivek Ramaswamy announced his departure as co-leader of the DOGE. Experiences recommended Ramaswamy is getting ready to run for governor of Ohio, a transfer that aligns with hypothesis following his latest social media exercise.
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Key Takeaways
- Elon Musk’s DOGE is increasing its attain to the SEC as a part of a broader marketing campaign to cut back authorities spending.
- Considerations have emerged that Musk may acquire entry to delicate SEC information.
- Past the SEC, DOGE can be looking for entry to information from the Division of Training and the IRS.
The put up Elon Musk’s DOGE Targets SEC As It Expands Cash-Cutting Campaign Across Federal Agencies appeared first on 99Bitcoins.
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