In the U.S., DOGE Launches an Investigation into the SEC's Activities

The U.S. Department of Government Efficiency (DOGE) has announced an upcoming audit of the Securities and Exchange Commission (SEC). Notably, DOGE is led by Elon Musk, who has been in a long-standing conflict with the SEC.

The investigation is set to begin soon. DOGE has already reached out to the public, urging individuals to share any information regarding potential violations and corruption within the SEC.

This initiative has caused significant concern in Congress. Maxine Waters, Vice Chair of the House Financial Services Committee, has expressed alarm over DOGE's access to confidential SEC data, including the Consolidated Audit Trail system. In her statement, she emphasized the potential risks to the stability of financial markets.

The Trump administration has quickly sought to reassure the public, stating that Musk does not directly participate in DOGE’s operational activities. The President personally pledged to prevent any conflicts of interest.

Earlier, on January 14 of this year, the SEC filed a lawsuit against Musk. The regulator accused the entrepreneur of manipulations during the purchase of X shares worth over $500 million, which, according to the SEC’s estimates, allowed him to save approximately $150 million by artificially lowering prices.

Against this backdrop, the American crypto market is currently maintaining a cautious and wait-and-see stance while still holding significant growth potential.

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