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Elon Musk’s ‘government efficiency’ team turns its sights to SEC: Report

The Division of Authorities Effectivity group — or DOGE, which isn’t an official US authorities division — led by Tesla CEO Elon Musk is reportedly transferring into the Securities and Trade Fee (SEC).

In accordance with a March 28 Reuters report, Musk’s DOGE group contacted the SEC and was advised it could be given entry to the fee’s methods and information. The company reportedly deliberate to ascertain a liaison group to work with the “effectivity” group, whose intentions weren’t instantly clear.

“Our intent might be to companion with the DOGE representatives and cooperate with their request following regular processes for ethics necessities, IT safety or system coaching, and establishing their must know earlier than granting entry to restricted methods and information,” stated an e mail to SEC workers, based on Reuters.

After taking workplace as US President in January, Donald Trump signed an government order permitting DOGE to implement cost-cutting measures, claiming efforts “to avoid wasting taxpayers cash.” Nevertheless, lots of Musk’s efforts — together with trying to fireplace workers on the US Company for Worldwide Improvement, or USAID, and shutting down the watchdog Shopper Monetary Safety Bureau (CFPB) — face lawsuits in federal courtroom from events alleging DOGE’s actions had been unlawful or unconstitutional.

It is a growing story, and additional data might be added because it turns into accessible.