A major labor union has taken legal action against the U.S. Treasury, claiming it unlawfully granted Elon Musk’s Department of Government Efficiency (DOGE) access to vast amounts of personal and financial data.
The AFL-CIO, the country’s largest union group, filed the lawsuit against Treasury Secretary Scott Bessent in a Washington, D.C., federal court, arguing that the agency’s actions violate federal privacy laws.
The lawsuit alleges that millions of Americans’ sensitive information—including Social Security numbers, bank details, and home addresses—has been exposed to Musk’s oversight.
The controversy stems from the Biden administration’s decision to entrust Musk with overseeing federal cost-cutting efforts through DOGE, a move that has drawn criticism from top Democrats.
Senator Ron Wyden highlighted the issue in a recent social media post, claiming Bessent had granted DOGE full access to the Treasury’s payments system.
Senate Majority Leader Chuck Schumer and Senator Elizabeth Warren have also condemned the move, with Schumer pledging to introduce legislation to curb Musk’s influence over Treasury operations.
BitGo Holdings, Inc. has taken a key step toward becoming a publicly traded company by confidentially submitting a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission (SEC).
The crypto market continues to flash bullish signals, with the CMC Fear & Greed Index holding at 67 despite a minor pullback from yesterday.
According to a report by Barron’s, the Ohio Public Employees Retirement System (OPERS) made notable adjustments to its portfolio in Q2 2025, significantly increasing exposure to Palantir and Strategy while cutting back on Lyft.
As crypto markets gain momentum heading into the second half of 2025, a series of pivotal regulatory and macroeconomic events are poised to shape sentiment, liquidity, and price action across the space.