In a controversial move, the Trump administration has filed a motion to vacate a restraining order that prohibited the Doge team, led by Elon Musk, from accessing the Treasury payment system. This comes after reports that the Treasury had mistakenly given Musk's team the ability to change the payment system, sparking concerns about potential misuse of funds.
The issue has caught the attention of the Treasury watchdog, which has started an audit of Doge's access to the government's payment system. The audit aims to uncover any potential vulnerabilities or security risks that may have been exploited by Musk's team.
In response to mounting pressure, a judge has extended the order blocking Musk's Doge team from the Treasury payment system. The situation remains tense, as the future of Doge's access to key government systems hangs in the balance.
As the investigation unfolds, both sides are gearing up for a legal battle that could have far-reaching implications for the use of cryptocurrency in government payment systems. Stay tuned for updates on this developing story.
Category: Politics
Published on: 2025-02-16 05:16:06
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Treasury Watchdog Begins Audit Of DOGE’s Access To Government's Payment System, HuffPost
Judge extends order blocking Musk’s DOGE team from Treasury payment system, Fox News
Treasury 'mistakenly' gave Musk DOGE worker ability to change payments system: court docs, Fox News
Judge Loosens Order Barring Treasury Officials From Payment System, New York Times
Trump admin files motion to vacate restraining order prohibiting DOGE access to Treasury payment systems, Fox News
Elon Musk, the CEO of Tesla and outspoken supporter of cryptocurrency Dogecoin, is facing allegations of fraudulent Treasury payments after reports surfaced that he had unauthorized access to the federal payment system. The controversy has sparked a heated debate over the security of government payment systems and the role of cryptocurrencies in the financial industry.
According to sources from The Guardian and Fox News, Musk allegedly obtained access to the federal payment system, leading to concerns about the integrity of government funds. Senator Elizabeth Warren and Treasury Secretary Bessent have launched investigations into the matter, with Warren calling for accountability and transparency in government transactions.
Critics argue that Musk's actions raise serious questions about the regulation and oversight of digital currencies, as well as the potential for abuse by powerful individuals. The New York Times reported that Musk has denied any wrongdoing, claiming that he was simply testing the system for vulnerabilities.
As the investigation unfolds, the future of cryptocurrencies and government payment systems hangs in the balance, with lawmakers and regulators closely monitoring the situation for potential breaches and illicit activities.
Category: Politics
Published on: 2025-02-03 10:09:23
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Warren Questions Bessent Over Musk Access to Treasury Payment System, New York Times
Elon Musk’s Doge team granted ‘full access’ to federal payment system, The Guardian
Musk rips 'fraudulent' Treasury handouts as reports mount DOGE has access to federal payment system, Fox News
A groundbreaking collaboration between Elon Musk's SpaceX, Amazon, and Tesla has led to the creation of a new federal payments system that promises to revolutionize the way Americans access financial aid and benefits. This new system, set to launch in 2026, aims to address the inefficiencies and inequalities of the current Treasury Department payments system.
Elon Musk, known for his innovative ideas, has been a driving force behind the project, advocating for a more streamlined and accessible system for all Americans. Through this collaboration, the team of tech giants plans to provide easy and secure access to federal payments, including social security, tax refunds, and veteran benefits.
The new federal payments system is expected to enhance the efficiency and transparency of government transactions, ensuring that all Americans have equal access to the financial assistance they need. With the implementation of advanced technology and user-friendly interfaces, the system is designed to be inclusive and easy to navigate for individuals from all walks of life.
This groundbreaking initiative signifies a major step forward in modernizing the federal payments system and creating a more inclusive financial system for all Americans.
Category: Finance
Published on: 2025-02-02 16:42:26
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Musk team given access to sensitive federal payment system - reports, BBC News
Elon Musk’s Team Now Has Full Access to Treasury’s Payments System, New York Times
Elon Musk’s team has gotten access to the Treasury Department’s payments system., New York Times