The US Treasury is facing a lawsuit from the AFL-CIO, the largest union group in the US, over its decision to grant Elon Musk's Department of Government Efficiency (DOGE) access to sensitive financial and personal data. The lawsuit raises concerns about privacy, government oversight, and Musk's growing influence in federal operations. The AFL-CIO argues that personal financial records should not be exposed to private entities without legal oversight. The controversy has led to political debate, with top Democratic leaders criticizing the Treasury's actions. The lawsuit coincides with broader crypto market turmoil, and technical indicators suggest that DOGE remains in bearish territory. Musk's influence over Dogecoin's price and his team's involvement in Treasury matters have raised concerns about financial oversight.
Content Editor ( financemagnates.com )
- 2025-02-04
Dogecoin (DOGE) Drops 15% as Musk’s Role in US Treasury Sparks Lawsuit
