Elon Musk’s Department of Government Efficiency (DOGE) has reportedly turned its attention to the U.S. Securities and Exchange Commission (SEC) as part of its broader effort to curb government spending.
According to a 17 February 2025 Politico report, sources familiar with the matter say that DOGE’s presence at the SEC is imminent. “They are at the gates,” one anonymous insider noted.
In recent weeks, DOGE has aggressively expanded its reach across multiple federal agencies, launching more than 30 affiliate pages on X to bolster its mission of exposing waste, fraud, and abuse in government spending.
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Musk’s DOGE Launches DOGE SEC
One such affiliate, DOGE SEC, issued a public call for assistance, 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.”
Musk has been a longtime critic of the SEC, frequently clashing with the regulator over its enforcement actions against him and his companies. The tension escalated in a recent lawsuit, where the SEC accused Musk of underpaying Twitter investors by more than $150 million.
In response, Musk condemned the agency, labeling it a “totally broken organization” that focuses on petty matters instead of real financial crimes.
The push for DOGE’s involvement with the SEC has raised concerns among Democratic lawmakers, including Rep. Maxine Waters, who fears that Musk may use his access to obtain sensitive SEC data.
— Elon Musk (@elonmusk) February 17, 2025
One particular area of concern is the Consolidated Audit Trail (CAT), a vast trade-tracking system that lawmakers claim could be exploited for Musk’s personal benefit or to settle past grievances.
Addressing these concerns, White House press secretary Karoline Leavitt assured that President Trump will not allow conflicts of interest, and Musk has reportedly committed to recusing himself from any potential conflicts.
The SEC remains under acting Chair Mark Uyeda, while Trump’s nominee, Paul Atkins, awaits confirmation. Cointelegraph reached out to the SEC for comment but has not yet received a response.
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DOGE’s Expanding Reach
Beyond the SEC, DOGE has been actively pursuing access to other federal agencies and records. A federal judge ruled on Feb. 17 that DOGE could obtain sensitive student loan records from the Department of Education, according to ABC News.
Additionally, DOGE is reportedly seeking access to taxpayer data at the Internal Revenue Service (IRS), as per the Associated Press.
As reported, a coalition of labor unions has filed a lawsuit against the US Treasury. It alleges that the treasury unlawfully granted DOGE access to highly sensitive financial and personal data.
The lawsuit, led by the American Federation of Labor and Congress of Industrial Organizations (AFL-CIO), was filed in a Washington, DC federal court on 3 February 2025.
Recently, former presidential candidate Vivek Ramaswamy announced his departure as co-leader of the DOGE. Reports suggested Ramaswamy is preparing to run for governor of Ohio, a move that aligns with speculation following his recent social media activity.
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Key Takeaways
- Elon Musk’s DOGE is expanding its reach to the SEC as part of a broader campaign to reduce government spending.
- Concerns have emerged that Musk could gain access to sensitive SEC data.
- Beyond the SEC, DOGE is also seeking access to records from the Department of Education and the IRS.
The post Elon Musk’s DOGE Targets SEC As It Expands Cash-Cutting Campaign Across Federal Agencies appeared first on 99Bitcoins.
