The Department of Government Efficiency (DOGE), led by Elon Musk, has initiated an investigation into the United States Securities and Exchange Commission (SEC).
According to crypto expert Amelie, popularly known as Crypto Barbie on X, a new X account, “@DOGE_SEC”, has been created to oversee and expose inefficiencies within the agency. This development has sparked significant interest within the cryptocurrency community, particularly among XRP supporters.
DOGE’s first public outreach post invites individuals to contribute by identifying waste and inefficiencies within the SEC. This aligns with the department’s broader goal of improving federal agencies by fostering public participation.
IN crease capital, a member of the XRP community, commented on the issue, stating, “Let them take a good look at the exaggerated expenditure of resources to overshadow Ripple and boost Ethereum! also affecting investors who trust that our assets will evolve well.”
This reflects growing concerns among cryptocurrency investors over regulatory biases and financial mismanagement within the SEC.
🚨 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
Also Read: Here is The Latest Discussion in the Ripple Lawsuit Exciting the XRP Community
How the DOGE Investigation Could Reshape the Ripple Case
Ripple has faced continuous legal challenges from the SEC since December 2020. Federal judges have objected to the commission’s mixed enforcement techniques in their regulatory actions.
Ripple received a court order to pay the SEC $125 million in penalties in August 2024, while the commission initially demanded $2 billion. Under Chair Gary Gensler, the SEC filed an appeal despite winning the trial against Ripple as part of its aggressive approach toward the cryptocurrency industry.
During its DOGE investigation, the SEC faced examination for its regulatory conduct, while the Ripple controversy resurfaced. The probe could reveal that the SEC did more than it should have by spending too much money and raising doubts about tactics used during its campaigns against Ripple and other cryptocurrency companies.
The XRP community considers this development the point of change in their ongoing legal battle with the SEC.
A Changing Political Landscape and the SEC’s Crypto Stance
The regulatory environment for cryptocurrencies is shifting with the return of Donald Trump to the presidency. His administration has taken a more crypto-friendly approach, reflected in the appointment of Paul Atkins as the new SEC chair.
Atkins, known for his support of digital assets, is expected to ease regulatory pressures and promote innovation in the industry.
One of the most notable changes under Atkins’ leadership is the SEC’s acknowledgment of multiple XRP exchange-traded fund (ETF) applications. This signals a potential shift in how the commission approaches digital assets, moving away from the rigid enforcement tactics seen under Gensler.
The DOGE investigation is expected to further expose inefficiencies within the SEC and could reveal individuals who still adhere to previous policies that hinder cryptocurrency adoption.
While the investigation is in its early stages, it has already gained traction within the cryptocurrency community. The findings could influence future regulatory decisions and potentially reshape how the SEC interacts with digital assets.
The combination of DOGE’s oversight and a crypto-friendly administration has heightened optimism among investors and industry leaders.
Also Read: Ripple Lawsuit Settlement Underway? SEC Schedules Private Meeting to Discuss These Agendas
