Investigation of the SEC by the DOGE: Crypto experts criticize regulatory hardness and demand reforms

Veröffentlicht:

Von:

Untersuchung der SEC durch das Department of Government Efficiency (DOGE) Das Department of Government Efficiency (DOGE) hat eine Untersuchung der US-Börsenaufsichtsbehörde SEC eingeleitet, um potenzielle Missstände wie Betrug, Verschwendung und Missbrauch aufzudecken. Diese Entscheidung hat in der Krypto-Community erhebliche Aufmerksamkeit erregt und führende Experten aus der Branche zu kritischen Stellungnahmen angeregt. DOGE fordert öffentliche Mithilfe bei der Aufdeckung von SEC-Missständen DOGE, eine Initiative unter der Leitung von Elon Musk, ruft die Öffentlichkeit dazu auf, Hinweise auf Fehlverhalten innerhalb der SEC zu melden. In einem Beitrag auf X (ehemals Twitter) erklärte das DOGE-Team: „DOGE is seeking help from the public! Please …
Investigation of the SEC by the Department of Government Efficiency (Doge) The Department of Government Efficiency (Doge) has initiated an investigation by the US stock exchange supervisory authority SEC in order to uncover potential grievances such as fraud. This decision has attracted considerable attention in the crypto community and stimulated leading experts from the industry for critical statements. Doge calls for public help in the discovery of SEC missions to do Doge, an initiative under the direction of Elon Musk, calls for the public to report information on misconduct within the Sec. In a post on X (formerly Twitter), the Doge team explained: "Doge is Seeking Help from the public! Please ... (Symbolbild/KNAT)

Investigation of the SEC by the Department of Government Efficiency (Doge)

The Department of Government Efficiency (Doge) has initiated an investigation by the US IPO supervisory authority SEC in order to uncover potential grievances such as fraud, waste and abuse. This decision has attracted considerable attention in the crypto community and stimulated leading experts from the industry for critical statements.

Doge calls for public help in the detection of SEC missions

Doge, an initiative under the direction of Elon Musk, calls the public to report information on misconduct within the Sec. In a post on X (formerly Twitter), the Doge team explained:

"Doge is Seeking Help from the public! Please dm this account with insights on finding and fixing waste, fraud and abuse relating to the securities and Exchange commission."

This request for participation is followed by the establishment of several X-accounts for federal authorities, including the SEC and the IRS.

Charles Hoskinson, founder of Cardano, was pleased with this development and signals his consent to review the Sec. Hoskinson embodies the widespread dissatisfaction within the crypto community with the regulatory strict of the Sec.

perceived as an innovation

Paul Grewal, Chief Legal Officer from Coinbase, took the opportunity to present a specific proposal for the reform of the second practice. He argued that the SEC should be obliged to cover the legal fees and court costs of defendants who successfully draw against the authority.

"There is a suggestion: a rule introduces that defendants who win the complaints of the SEC will be reimbursed their legal costs from the authority's budget," wrote Grewal.

Stuart Alderoty, chief lawyer at Ripple, commented similarly and made it clear that he had stressful material against the Sec in his hand. Both companies, Ripple and Coinbase, are currently involved in legal disputes with the SEC. Ripple is fighting allegations of the irregised sale of securities, while Coinbase is striving for a clarification of the regulatory framework for cryptocurrencies.

Dogecoin (Doge) price analysis

In the last 24 hours, the Doge course recorded a decline of 4.36 % and listed at the time of editorial at 0.25 USD (as of February 18, 2025, 10:30 a.m.). A downward trend was also observed last week, with a minus of 5.77 %.

These developments provide an insight into the dynamic changes within the crypto industry and the challenges that they face in a strict regulatory environment.