U.S. Department of Government Efficiency Requests Access to SEC Systems and Data

Source
JH Kim

Summary

  • It was reported that the U.S. Department of Government Efficiency is expected to be granted access to the SEC's systems and data.
  • The regulatory agency announced plans to form a team to collaborate with the Department of Government Efficiency.
  • It was reported that there are matters to be confirmed before granting access to the SEC's restricted systems and data.

On the 28th (local time), according to the cryptocurrency-focused media outlet Cointelegraph, the U.S. Department of Government Efficiency (D.O.G.E.), led by Elon Musk, CEO of Tesla, is expected to be granted access to the systems and data of the Securities and Exchange Commission (SEC).

It is explained that the intention behind the Department of Government Efficiency's request for access to such information is unclear. The regulatory agency plans to form a team to collaborate with the Department of Government Efficiency.

Regarding this, the media reported, "We plan to cooperate with the Department of Government Efficiency representatives following the normal procedures for ethics requirements, IT security, and system training," adding, "However, there are matters that need to be confirmed before granting access to the restricted systems and data."

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JH Kim

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