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.