Cardano founder Charles Hoskinson is expressing enthusiasm after news broke that the Department of Government Efficiency (DOGE), led by Elon Musk, is investigating the Securities and Exchange Commission (SEC) for waste, fraud, and abuse. DOGE has created multiple accounts for federal agencies, including the SEC, and is seeking public assistance in uncovering misconduct. Hoskinson's reaction aligns with the broader crypto community, which has been critical of the SEC's aggressive stance towards the industry. Other top crypto executives, such as Coinbase's Paul Grewal and Ripple's Stuart Alderoty, have also reacted to the government's audit of the SEC and shared their suggestions for improvement. It is worth noting that Coinbase and Ripple are currently involved in separate lawsuits with the SEC. The new SEC leadership is working towards addressing concerns and establishing transparent and fair regulation through its crypto task force.



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