Musk’s DOGE to Overhaul SEC Operations

A billionaire notorious for shutting down agencies, slashing budgets, and eliminating jobs is now reportedly setting his sights on one of the most powerful financial regulators in the U.S., according to Politico.

DOGE has already sent shockwaves through Washington by halting operations at the Consumer Financial Protection Bureau (CFPB)—a move that left many lawmakers fuming. Now, speculation is mounting over what’s next.

They are at the gates,

an insider warned, hinting that DOGE’s latest intervention may be its most consequential yet.

The SEC remains tight-lipped, but Musk’s long-standing battle with the regulator is far from over. During Gary Gensler’s tenure, Musk repeatedly challenged the agency’s stance on crypto and corporate regulation.

The friction only worsened when the SEC sued Musk, alleging he failed to return $150 million to investors in his controversial Twitter acquisition.

Meanwhile, DOGE is facing scrutiny over potential conflicts of interest, given Musk’s influence across multiple industries, including crypto. Critics claim his actions could serve his own interests, though the Trump administration insists Musk is not directly involved in overseeing waste, fraud, or government inefficiencies. 

As for concerns regarding conflicts of interest between Elon Musk and DOGE, President Trump has stated he will not allow conflicts, and Elon himself has committed to recusing himself from potential conflicts,

noted White House Press Secretary Caroline Leavitt.

But here’s where it gets messy—Democrats fear that DOGE’s unrestricted access to SEC data could give Musk too much power, possibly leading to corporate intimidation, regulatory conflicts, or even market manipulation.

Despite the rising tension, acting SEC Chair Mark Uyeda has yet to weigh in.

Read on: SEC Requests a Legal Pause in the Binance Lawsuit