The team dubbed the Department of Government Efficiency, or DOGE, which is not an official government entity in the US, and led by Tesla’s CEO Elon Musk, is reportedly set to collaborate with the Securities and Exchange Commission (SEC).
A report from March 28 detailed that Musk’s DOGE group reached out to the SEC and was informed they would gain access to the agency’s systems and information. The SEC is reportedly planning to create a liaison team to collaborate with this “efficiency” group, although the exact motivations behind the initiative remain unclear.
“Our goal will be to collaborate with the DOGE representatives and fulfill their request while adhering to standard procedures concerning ethics guidelines, IT security, or system training, and determining their necessity for access before permitting entry to restricted systems and data,” stated an email to SEC personnel, as reported.
Following his inauguration in January, US President Donald Trump issued an executive order that allows DOGE to enact cost-reduction strategies, asserting these initiatives are “to save taxpayers money.” Nevertheless, several of Musk’s actions—including attempts to dismiss staff at the US Agency for International Development and efforts to dismantle the Consumer Financial Protection Bureau—are currently facing legal challenges in federal court, with allegations that some actions taken by DOGE are illegal or unconstitutional.
This is an evolving situation, and more updates will be provided as they arise.