Elon Musk’s Department of Government Efficiency (DOGE) is reportedly targeting the U.S. Securities and Exchange Commission (SEC), expanding its efforts to tackle inefficiencies in federal agencies.
DOGE has launched affiliate pages on social media, including DOGE SEC, which has called for public input on SEC misconduct.
Musk has had a contentious history with the SEC, criticizing the agency for its handling of various matters, including stockholder compensation for Twitter.
This new push has sparked concerns among Democratic lawmakers, especially regarding Musk’s potential access to sensitive SEC data, like the Consolidated Audit Trail.
Despite these concerns, White House press secretary Karoline Leavitt reassured that President Trump has committed to preventing conflicts of interest, with Musk agreeing to recuse himself from potential issues.
The SEC is currently led by acting Chair Mark Uyeda as Paul Atkins awaits confirmation.
As Washington pulls back on its crypto enforcement, Oregon is stepping up.
In a move that underscores its ambition to bridge crypto and traditional finance, Ripple is expanding the role of its newly acquired prime brokerage platform, Hidden Road.
HashKey Capital has officially launched Asia’s first XRP Tracker Fund, providing professional investors with regulated exposure to XRP without the need for direct ownership.
After closing 2024 on a high note, the crypto market faced a sharp correction in early 2025. Enthusiasm that had been fueled by a favorable macro backdrop—including Donald Trump’s presidential win and dovish signals from the U.S. Federal Reserve—quickly gave way to uncertainty…