In a modern growth, Elon Musk’s DOGE has introduced audit into the SEC for fraud, abuse and waste. The cryptocurrency neighborhood is intently watching this growth, significantly because the SEC’s lawsuit towards Ripple is nearing its conclusion.
The DOGE_SEC account has urged the general public to share details about the SEC’s actions. “DOGE is searching for assist from the general public! Please DM this account with insights on discovering and fixing waste, fraud, and abuse,” the account posted.
DOGE is searching for assist from the general public! Please DM this account with insights on discovering and fixing waste, fraud and abuse regarding the Securities and Alternate Fee.
— DOGE SEC (@DOGE_SEC) February 17, 2025
This transfer has sparked heated debates amongst authorized and monetary consultants. In response to this, Coinbase’s Chief Authorized Officer, Paul Grewal, recommended a rule that might make the SEC cowl authorized charges for defendants who win challenges towards its lawsuits. Different voices from the crypto neighborhood have additionally raised issues concerning the SEC’s actions, particularly over its ongoing litigation with Ripple.
Right here's one: undertake a rule that defendants who defeat @SECGov lawsuits get all their legal professional charges and prices from the Fee funds. https://t.co/ormabnUaaI
— paulgrewal.eth (@iampaulgrewal) February 17, 2025
Moreover, Ripple’s CLO, Stuart Alderoty, responed to SEC’s ongoing scrutiny, saying, “I’ve the receipts,” suggesting that essential paperwork tied to the case might quickly be made public. Nonetheless, it stays to be seen if this might deliver a swift finish to the Ripple vs. SEC case.
