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Elon Musk’s ‘government efficiency’ team turns its sights to SEC: Report

cryptoweekly by cryptoweekly
March 28, 2025
in bitcoin, News
0

Responsible for attempts to shutter USAID and the CFPB, the team launched by the world’s richest man has reportedly been given access to one of the biggest US financial regulators.

The Department of Government Efficiency team — or DOGE, which is not an official US government department — led by Tesla CEO Elon Musk is reportedly moving into the Securities and Exchange Commission (SEC).

According to a March 28 Reuters report, Musk’s DOGE team contacted the SEC and was told it would be given access to the commission’s systems and data. The agency reportedly planned to establish a liaison team to work with the “efficiency” team, whose intentions were not immediately clear.

“Our intent will be to partner with the DOGE representatives and cooperate with their request following normal processes for ethics requirements, IT security or system training, and establishing their need to know before granting access to restricted systems and data,” said an email to SEC staff, according to Reuters.

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Recent Posts
  • Is Pi Network dead? What really went wrong behind the hype
  • Germany seizes $38M in crypto from Bybit hack-linked eXch exchange
  • SEC floats conditional relief to boost blockchain use in securities trading
  • Ether clocks ‘insane’ 20% candle post Pectra — a turning point?
  • Metaplanet is raising another $21M through bonds to buy more Bitcoin
  • Bitcoin accepted at fast food chain Steak ’n Shake from May 16
  • Solana lacks ‘convincing signs’ of besting Ethereum: Sygnum

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