The latest move made by Elon Musk’s Department of Government Efficiency (DOGE) in his goal to cut waste in the U.S. Government has excited the crypto community. Musk is now going after the U.S. Securities and Exchange Commission (SEC). As Amelie (@_Crypto_Barbie) and many other pundits revealed, DOGE has created a dedicated X account for its SEC investigation. BREAKING: A NEW DOGE ACCOUNT HAS BEEN CREATED: @DOGE_SEC IT SEEMS LIKE THE SEC’S ACTIVITIES WILL BE CHECKED & EXPOSED! THIS COULD BE A BIG ADVANTAGE FOR THE RIPPLE VS. SEC CASE! #XRP pic.twitter.com/cUuNgySRcc — 𝓐𝓶𝓮𝓵𝓲𝓮 (@_Crypto_Barbie) February 17, 2025 For its first post, the DOGE team asked for public help identifying and fixing waste. This outreach aligns with DOGE’s mission to enhance efficiency across federal agencies by engaging public participation. Elon Musk, leading the initiative, has expressed a commitment to reducing governmental inefficiencies and crypto enthusiasts will have many examples and suggestions. The SEC Inefficiency In the Case Against Ripple Ripple has been embroiled in a legal dispute with the U.S. Securities and Exchange Commission (SEC) since December 2020. The SEC has lost on multiple fronts and faced criticism from Federal Judges in the Ripple lawsuit and other similar lawsuits for its arbitrary approach to crypto regulation. In August 2024, the court issued the final ruling, ordering Ripple to pay a $125 million penalty . The SEC initially requested almost $2 billion but failed on that front too. However, former SEC Chair Gary Gensler has no plans to end his war on crypto, and he appealed the ruling a few months later. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Administrative Changes and End Of SEC War On Crypto The political landscape has shifted with the return of Donald Trump to the presidency. This change has brought a more crypto-friendly stance within regulatory bodies. Notably, the nomination of Paul Atkins as the new SEC chair has sparked optimism in the cryptocurrency industry. Atkins is known for his support for digital assets and is expected to ease regulatory pressures, potentially facilitating the approval of more digital-asset exchange-traded funds (ETFs). This shift could influence ongoing cases like Ripple’s, possibly leading to more favorable outcomes for the company. The SEC has already acknowledged multiple XRP ETF applications , showing this shifting stance, and the investigation by the DOGE team could expose those still loyal to Gensler and who stand against the progress of cryptocurrencies in the U.S. The combination of DOGE’s investigation and the new administration’s crypto-friendly approach has excited the XRP community. While the investigation into the SEC has just begun, Gensler is already being exposed on other fronts , and this investigation could show the full extent of his corruption as the head of the SEC. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Elon Musk’s Latest Move Excites XRP Army appeared first on Times Tabloid .
