Outside Source
Elon Musk’s Department of Government Efficiency is “at the gates” of the SEC, according to reports.
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The United States Department of Government Efficiency, led by Elon Musk, has reportedly set its sights on the US Securities and Exchange Commission.
Musk’s DOGE is expected to arrive at the SEC in the coming days, according to Politico, citing people briefed on the matter. “They are at the gates,” said one of the anonymous sources in the Feb. 17 report.
DOGE has added more than 30 affiliate pages on X as it widens the scope of its cash-cutting crusade to multiple federal agencies. One of those affiliates is DOGE SEC, which posted a call to action on Feb. 17 stating, “DOGE is seeking help from the public!”
“Please DM this account with insights on finding and fixing waste, fraud, and abuse relating to the Securities and Exchange Commission,” it added.
Source: Elon Musk
Musk has repeatedly battled with the regulator, including in a recent lawsuit where the SEC alleged Musk underpaid Twitter stock investors by over $150 million.
At the time, Musk described the agency as a “totally broken organization” before adding, “They spend their time on shit like this when there are so many actual crimes that go unpunished.”
Opposing Democrat lawmakers, including Maxine Waters, have expressed concerns about Musk potentially accessing sensitive SEC information.
They were particularly concerned about the “Consolidated Audit Trail,” a massive trading tracking system that they called “the single largest treasure trove that he can pillage for his personal gain or vendetta,” Politico reported.
According to the report, White House press secretary Karoline Leavitt said, “As for concerns regarding conflicts of interest between Elon Musk and DOGE, President Trump has stated he will not allow conflicts, and Elon himself has committed to recusing himself from potential conflicts.”
The SEC is currently led by acting Chair Mark Uyeda, pending confirmation of Trump’s nominee, Paul Atkins.
Cointelegraph contacted the SEC for comment but did not receive an immediate response.
Related: US Treasury sued for giving Elon Musk’s DOGE access to sensitive info
On Feb. 17, a federal judge ruled that DOGE could access sensitive student loan records maintained by the Department of Education, according to ABC News. DOGE is also seeking access to troves of sensitive taxpayer data at the Internal Revenue Service, according to the Associated Press.
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This article first appeared at Cointelegraph.com News
