So, Elon Musk’s Department of Government Efficiency (DOGE) is reportedly going after the U.S. Securities and Exchange Commission (SEC). Politico reports this unit, led by Musk, will go after the SEC and eliminate waste, fraud, and abuse there.
DOGE has been becoming super popular recently, and they just released more than 30 affiliate pages on X (you know, Twitter now). One of them, DOGE SEC, posted on February 17, asking everyone for assistance. They need people to slide into their DMs with any ideas for issues the SEC has that can be fixed.
Source: Elon Musk
Musk has had some issues with the SEC in the past. They recently sued him, alleging that he shortchanged Twitter stock investors by over $150 million. Musk shot back, referring to the SEC as a “totally broken organization,” and he wasn’t afraid to bash them for getting all upset over little things while bigger crimes just go unnoticed.
Certain lawmakers, particularly from the Democratic party, worry that Musk might exploit sensitive SEC information for his own agenda. They are particularly worried about a huge tracking system called the “Consolidated Audit Trail.” They are afraid that Musk may exploit this system for his own agenda.
Elon Musk's Doge initiative, officially known as the Department of Government Efficiency, aims to reduce U.S. government spending and improve operational efficiency.
— American Patriot 2.0 (@AmerPatriot2_0) February 24, 2025
Here are the key positive aspects of this initiative:
Cost Savings:
Musk's team has reportedly identified and… pic.twitter.com/Rm9hZRgrZT
Nonetheless, a White House spokesperson, Karoline Leavitt, guaranteed the public that President Trump indicated there would not be any conflict of interest. She also indicated that Musk agreed to avoid anything that might generate a conflict of interest.
So currently, the SEC is led by acting Chair Mark Uyeda. The Senate is still considering President Trump’s nomination for the permanent SEC chief, Paul Atkins.
At February 17, a federal judge held that DOGE can gain access to those sensitive student loan records from the Department of Education. And guess what? DOGE is also trying to get access to private taxpayer information that’s with the IRS.
Musk’s most recent move is definitely raising some eyebrows, and we will see how it all plays out over the next few days.
