Musk’s DOGE Team Targets SEC: Efficiency Drive or Overreach?

Elon Musk’s controversial Department of Government Efficiency (DOGE), a non-official entity, is reportedly setting its sights on the Securities and Exchange Commission (SEC). A recent Reuters report revealed that DOGE has contacted the SEC, aiming for access to the commission’s systems and data.

The SEC’s response, as detailed in an internal email obtained by Reuters, indicates a plan to establish a liaison team to work with DOGE. The email stated the intent to \”partner with the DOGE representatives and cooperate with their request,\” subject to the usual protocols for ethics, IT security, and access restrictions.

The lack of transparency surrounding DOGE’s intentions has raised eyebrows. While President Trump’s executive order authorizing DOGE’s cost-cutting measures cited the goal of saving taxpayer money, DOGE’s actions, including attempted staff firings at USAID and the shutdown of the CFPB, have faced legal challenges alleging illegality and unconstitutionality.

The SEC’s collaboration with DOGE is fraught with potential conflict of interest concerns given DOGE’s history and the SEC’s regulatory role. The move has sparked debate over the appropriate boundaries of such an unconventional ‘efficiency’ initiative within the US governmental framework. This situation remains highly fluid, and further developments will be reported as they unfold.

This is a developing story. We will update this article as new information becomes available.