Cardano Founder Drops Major Reaction as Elon Musk’s D.O.G.E. Takes on the SEC

Major cryptocurrency developments catalyzed arsenic Cardano laminitis Charles Hoskinson expressed unbridled enthusiasm erstwhile Elon Musk’s Department of Government Efficiency (D.O.G.E.) launched an probe into the SEC’s practices. This Cardano laminitis absorption to the probe, announced connected February 18, 2025, targets immoderate superior imaginable waste, fraud, and maltreatment wrong the securities agency, and galore crypto leaders are jumping successful to enactment it.

https://t.co/cRvobGtGZL pic.twitter.com/QrfXN7593L

— Charles Hoskinson (@IOHK_Charles) February 17, 2025

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Cardano Founder’s Reaction to Elon Musk’s D.O.G.E. and the SEC Investigation

Source: Coingape

D.O.G.E.’s Audit Initiative Takes Shape

Several cardinal initiatives were created by the Department of Government Efficiency, nether Elon Musk’s adjacent direction, and person established aggregate societal media accounts focused connected national agencies. The Cardano founder’s absorption got everyone talking arsenic D.O.G.E.’s SEC-dedicated relationship started reaching retired for immoderate existent wrong info astir the agency’s misconduct.

Legal Executives Voice Strong Support

I person the receipts

— Stuart Alderoty (@s_alderoty) February 17, 2025

Coinbase Chief Legal Officer Paul Grewal said:

“Here’s one: follow a regularisation that defendants who defeat

@SECGov lawsuits get each their lawyer fees and costs from the Commission budget.”

Ripple Chief Legal Officer Stuart Alderoty replied:

“I person the receipts.”

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Regulatory Implications for Cryptocurrency

There are a wide scope of strategical developments that person influenced the Cardano founder’s enthusiastic response, peculiarly since the SEC antecedently labeled ADA a security. While the D.O.G.E.’s probe keeps ‘causing trouble’, some Coinbase and Ripple are warring their ain long-lasting battles with the SEC.

A Shift successful Regulatory Approach

The probe has pioneered a transformative infinitesimal successful cryptocurrency oversight. Under a caller leadership, the SEC has established immoderate promising initiatives done its dedicated crypto task force. The Cardano laminitis and different stakeholders are watching these developments closely, and this includes Musk arsenic well.

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Future Implications

Some arious large regulatory reforms person been catalyzed by Elon Musk’s D.O.G.E. initiative. This SEC probe could wholly reshape however integer assets are handled and viewed, particularly for projects similar Cardano. The agency’s existent medication is moving connected aggregate indispensable changes done its specialized task force, and we’re anxious to find retired more!