Musk’s D.O.G.E. Bites the Hand That Feeds Crypto?

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Oh, lookie here! Elon Musk’s D.O.G.E. is on a wild goose chase, sniffing out “waste, fraud, and abuse” at the SEC. Because what could possibly go wrong with that, right? 🐩💥

Hester “Crypto Mom” Peirce is all about the good folks at the SEC, but not everyone’s singing Kumbaya. Coinbase’s CLO is ready to throw some major shade at the Commission.

Is D.O.G.E. About to Pounce?

Since Musk’s Department of Government Efficiency (D.O.G.E.) took off, it’s been shaking things up like a Tesla in autopilot. Crypto-friendly moves and government layoffs? Sign us up!

But wait, there’s more! D.O.G.E. is now eyeing the SEC like a juicy bone:

“Hey, we need your help! Slide into our DMs with all the juicy details on SEC inefficiencies. We’re on a mission!” they declared.

Translation: D.O.G.E. might be about to chop chop at the SEC. Musk’s quest to streamline the government has had its ups and downs, but he’s not exactly known for backing down.

But guess who might be the SEC’s knight in shining armor? The crypto industry itself. Shocking, I know.

After years of butting heads with Gary Gensler, the SEC has finally seen the crypto light. They’re dropping lawsuits like it’s hot and actually consulting the industry. Imagine that!

The SEC: Crypto’s New BFF?

So, after all that hard work, turning the SEC into a crypto cheerleader, wouldn’t it be a bummer if D.O.G.E. went all “fetch” on it?

“Crypto Mom” Peirce is all about protecting the SEC’s finest. She’s like, “We need these people, okay? The US capital markets are the bomb dot com!”

“We’ve got some great people doing great things. It’s all about balance, folks,” Peirce preached.

Bottom line: the SEC could be crypto’s golden ticket, but it needs some serious brainpower to make it happen. If D.O.G.E. tries to trash it, well, that’s one way to throw shade at your own parade.

Even Musk’s dream of a crypto regulation-free world isn’t exactly a walk in the park. It’s a political minefield, for starters.

And then there’s Paul Grewal from Coinbase, who’s all about making the SEC pay up after those legal battles. Talk about holding a grudge! 🗡️

In the end, who knows what D.O.G.E. will do? But one thing’s for sure, the crypto community is getting nostalgic for Gary Gensler, the man who fought the crypto scams. Some might just stand up for the SEC after all.

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2025-02-18 03:30