Elon Musk’s D.O.G.E. To Investigate SEC Despite Pro-Crypto Shift
Elon Musk’s governor is investigating the SEC, seeking comments on “waste, fraud and abuse” in the committee. This could be a target for the cryptocurrency industry, which beat Gary Gensler and turned the SEC into a useful ally.
Hester “crypto mom” Pierce claimed that skilled people were necessary to develop a pro-Claputo policy, but not everyone agreed. Coinbase’s CLO has proposed severe penalties against the committee.
Will Doge attack SEC?
since Elon Musk’s Ministry of Government Efficiency (Doge) Take off first, there is a Significant impact on U.S. regulators. also Crypto-friendly experimentsMusk has been building quality Layoffs On all levels of the federal government.
According to the recent postalDoge is now targeting SEC:
“The Governor is seeking help from the public! Please add insights into this account on finding and addressing waste, fraud and abuse related to the SEC,” the account said.
In other words, Doge may plan similar huge layoffs at the SEC. Musk’s efforts to clear out federal government inefficiency have brought some sectoral challenges and created mistake In other cases, his campaign continues.
However, the committee may find unlikely allies: the crypto industry itself.
Although it took years of fighting to obtain Former Chairman Gary Gensler In the SEC, he did not come back. The committee has done a lot for cryptocurrencies since President Trump heralded a new pro-Creputo sentiment.
It is Give up law enforcement capabilities,,,,, Revoke litigation,,,,, Consult the industry to obtain policies,,,,, Consider a new ETFand more.
Committee as crypto allies
In other words, the cryptocurrency industry has to struggle and it is difficult to turn Gary Gensler’s committee into an industry ally. If Doge wants to destroy the SEC, isn’t that unfortunately his own goal?
Hester “crypto mom” Pierce, Leader of the New Crypto Task Forcerecently given interview She strongly opposed the SEC cuts.
“We have a lot of really great people in the SEC and they are doing very important work. One thing to remember is that the capital market in the United States is not only big, but it is very important, and it is the most important thing in the world! There is always more to do. Using the resources we have, it’s a question of the right balance.” Peirce claimed.
All to say is that the committee can be a powerful tool in the crypto industry, but it requires skilled personnel to actually develop pro-Claputo policies. If Doge tries to destroy the SEC, it may end up soaring a useful ally.
Even if Musk hopes to have a complete lack of regulation in the crypto industry, it is impossible or even politically dangerous to keep this status quo forever.
Of course, not everyone in the crypto industry thinks that. Coinbase’s Clo Paul Grewal is in Legal battles.
In social media posts, he explain Doge should force the SEC to pay the defendants’ legal fees if law enforcement measures fail. This will involve paying Grewal directly and may cause hostility in the future.
Overall, this is a highly controversial issue. It is unclear what strategies DoGE will adopt for the SEC or which industry figures will be published on this topic.
However, community nostalgia is architecture For Gary Gensler, he actively opposes The current crypto scam culture. Some parts of the community may seem to defend the SEC.
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