Elon Musk launches initiative to expose SEC’s crypto secrets – Details – BitRss

• Elon Musk-backed DOGE_SEC launched an initiative to investigate SEC misconduct.
• The White House clarified Musk’s advisory role, denying any formal decision-making authority.

As Donald Trump pushes for a pro-crypto shift in the U.S. following Joe Biden’s exit, scrutiny over regulatory actions is intensifying.

One key focus of the Trump administration is “Operation Choke Point 2.0,” a suspected effort under the Biden administration to pressure banks into distancing themselves from crypto.

Elon Musk joins Trump’s crypto initiative

As is the theme in the second Trump administration, Elon Musk has also entered the fray, with a newly created account, DOGE_SEC. He announced an initiative to investigate the U.S. Securities and Exchange Commission (SEC).

Seeking public input, the initiative aims to expose potential misconduct within the agency, adding another layer to the ongoing legal battles involving the SEC.

Taking to X (formerly Twitter), the DOGE_SEC account insisted, 

“DOGE ($0.25) is seeking help from the public! Please DM this accoun…