Tesla's Musk-Led Government Efficiency Department Gains SEC Access

According to Odaily, the government efficiency department led by Tesla CEO Elon Musk has been granted access to the systems and data of the U.S. Securities and Exchange Commission (SEC). The SEC plans to establish a liaison team to collaborate with the department, although the specific intentions remain unclear. Previously, the department attempted to shut down USAID and the Consumer Financial Protection Bureau (CFPB), leading to lawsuits alleging illegal actions. In January, U.S. President Donald Trump signed an executive order authorizing the department to reduce costs, but Musk's rapid approach has raised concerns among officials and lawmakers. SEC Commissioner Hester Peirce declined to comment, while new chairman candidate Paul Atkins expressed willingness to cooperate with the department.