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Sujit Kumar
Feb 18, 2025
by Sujit Kumar

Musk Probes SEC, Calls for Blockchain Transparency

Musk Probes SEC

Table of contents

  1. Musk Joins the Initiative
  2. Crypto Community Reacts
  3. Blockchain in Governance
Following President Trump’s pro-crypto agenda after Joe Biden’s exit, regulatory scrutiny is intensifying in the U.S. One major focus is “Operation Choke Point 2.0,” a suspected effort by the previous administration to pressure banks into distancing from digital assets. This shift has set the stage for renewed debate over cryptocurrency regulations.

Musk Joins the Initiative

Elon Musk has entered the fray with a new initiative via his recently created DOGE_SEC account. His effort is to investigate the U.S. Securities and Exchange Commission (SEC) for potential misconduct. The initiative seeks public input to uncover any waste, fraud, or abuse within the agency, adding another dimension to the ongoing legal battles involving the SEC.

Crypto Community Reacts

Top crypto executives are weighing in on these developments. Coinbase’s Chief Legal Officer Paul Grewal suggested that those who win against the SEC in court should be compensated for their legal expenses. Meanwhile, Ripple’s Chief Legal Officer Stuart Alderoty hinted that he possesses critical evidence related to the SEC’s withholding of documents about discussions with J.P. Morgan regarding Ripple. Furthermore, former SEC Chairman Gary Gensler is now facing allegations of political bias in key hiring decisions.

Blockchain in Governance

Despite criticism, Musk’s advocacy for blockchain-driven government transparency aligns with broader efforts to integrate decentralized technology into public policy. His stance echoes earlier proposals, such as Robert F. Kennedy Jr.’s plan to bring the federal budget on-chain. As these debates continue, Musk’s initiative adds another layer to discussions on the SEC’s role and the future of blockchain in ensuring government accountability.

Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
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Musk Probes SEC, Calls for Blockchain Transparency
Sujit Kumar
Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

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