“Elon Musk Targets the SEC: Regulatory Body Becomes a Weaponized Agency”

Elon Musk recently blasted the U.S. Securities and Exchange Commission (SEC) on X, calling it a “weaponized agency.” This statement gained widespread attention following a ruling by the U.S. Fifth Circuit Court of Appeals, which determined that the SEC overstepped its authority by approving Nasdaq’s trust-based compensation policy for company boards. Judge Andrew Oldham clearly stated that the SEC's role is to ensure market fairness, not to push for political deficits in corporate governance.

Musk's intimidation has prompted a high-level response from Ripple, with CEO Brad Garlinghouse and CTO David Schwartz also expressing concerns about the SEC's controversies. Meanwhile, Musk is planning to implement government operations through the “Department of Government Efficiency” (DOGE), including cutting a $2 trillion federal budget and promoting government departmental offices. For Musk, seemingly nothing is impossible—including reforming the government!

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