SEC Showdown Looms for Elon Musk’s DOGE While XRP Dominates Headlines

XRP Community Watches Closely as Musk’s DOGE Initiative Hints at SEC Scrutiny

Elon Musk’s Department of Government Efficiency (DOGE) appears to have turned its focus toward the U.S. Securities and Exchange Commission (SEC), fueling speculation among XRP holders that regulatory pressures on crypto could soon ease.

On Monday, a newly created DOGE-linked account on X made a public appeal:

“DOGE is calling on the public for assistance. If you have knowledge of waste, fraud, or misconduct within the SEC, please reach out via direct message.”

The post ignited discussions within the XRP community, with many hoping the move could expose flaws in the SEC’s regulatory actions—particularly its ongoing appeal in the Ripple case. A weakened SEC position could shift the tide in favor of XRP and other previously targeted tokens.

The SEC sued Ripple Labs in 2020, alleging that XRP was an unregistered security. Ripple won a partial victory in 2024, but an appeal remains in process. Any revelations that undermine the SEC’s credibility could impact how the case unfolds.

Musk’s DOGE agency, though unofficially linked to the meme token Dogecoin (DOGE), was created to cut bureaucratic inefficiencies and streamline government operations. Given Musk’s history of backing crypto-friendly policies, his involvement has sparked optimism among digital asset supporters.

Despite the buzz, XRP remained relatively stable, dipping just 1.4% in the past 24 hours—outpacing broader crypto market losses, including Bitcoin’s (BTC) 2% decline.