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TronWeekly

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XRP Faces Pressure as Elon Musk’s DOGE Challenges SEC: Ripple’s Next Move

  • The Department of Government Efficiency (DOGE) has launched an X account, @DOGE_SEC, to review the Securities and Exchange Commission (SEC) and expose misconduct, waste, and corruption.
  • Ripple's XRP dropped by 4% in response to the news, causing market uncertainty and concerns about the impact on regulatory policies and the crypto industry.
  • The @DOGE_SEC account aims to bring transparency and accountability by encouraging the public to share insights on finding waste, fraud, and abuse within the SEC.
  • Investors and analysts are closely watching for any developments that could influence regulations or impact the broader financial landscape.

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