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.
Congress has officially passed President Donald Trump’s landmark economic package, a sweeping bill that combines aggressive tax cuts with deep federal spending reductions.
BlackRock’s spot Bitcoin exchange-traded fund (ETF), known by its ticker IBIT, has surpassed the firm’s flagship S&P 500 ETF in annual revenue, according to a new report from Bloomberg.
Ripple has officially applied for a national bank charter from the U.S. Office of the Comptroller of the Currency (OCC), aiming to establish a new regulatory benchmark for trust in the stablecoin market.
The first week of July brings several important developments in the United States that could influence both traditional markets and the cryptocurrency sector.