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.
Vitalik Buterin has expressed disappointment over what he sees as a shift in values within the crypto industry, particularly in relation to Ethereum’s cautious stance on blockchain gambling.
MANSA, a cross-border payments company, has secured $10 million in funding, with Tether leading the investment.
Jamie Coutts, a leading digital asset strategist at Real Vision, believes that the crypto market’s bullish momentum is far from reaching its peak.
Crypto adoption in the UAE surged in 2024, with app downloads seeing a dramatic rise, according to data from AppsFlyer.