The DOGE of Elon Musk is looking into the SEC.

The U.S. Securities and Exchange Commission (SEC) is the subject of an inquiry by Elon Musk's Department of Government Efficiency (DOGE), which is concentrating on claims of fraud, abuse, and waste.
The crypto community has responded strongly to this move, especially Charles Hoskinson, the founder of Cardano.

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Through a new X account, DOGE publicized the inquiry and asked the public to provide information about possible wrongdoing within the SEC.The SEC has been under fire for its regulatory stance on cryptocurrencies, and this program seeks to expose inefficiencies and potential corruption within the agency.

Hoskinson shared a GIF of a joyful person along with a message indicating his support for the probe to show his excitement at the news. His response is indicative of a broader feeling among the cryptocurrency community, which has frequently perceived the SEC's enforcement activities as too forceful and harmful to industry progress.
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Users have been expressly asked to send direct messages to the DOGE SEC account outlining any instances of SEC misbehavior. The goal of this grassroots strategy is to collect strong evidence to back up their allegations against the regulating agency.The probe takes place in the midst of continuing hostilities between Musk and the SEC, which include a recent complaint that claims Musk deceived investors when he bought Twitter stock. Democratic lawmakers have expressed concerns that Musk would use this inquiry to obtain private information from the SEC.

The investigation's findings may have a big impact on how authorities deal with the cryptocurrency sector and could result in changes meant to improve the SEC's accountability and openness.