Elon Musk and his D.O.G.E now legally banned from the US Treasury systems

Source Cryptopolitan

Elon Musk’s D.O.G.E (Department of Government Efficiency) just got slapped with a major legal block. A federal judge has today officially barred Elon and his team from accessing the US Treasury’s payment system.

Judge Colleen Kollar-Kotelly issued the order after Elon boasted on Monday that his team was “rapidly shutting down” government remittances. The Treasury’s payment network processes trillions annually, including Social Security and Medicare disbursements, which Elon claimed were taking way too much from the government’s budget.

The legal hit comes as representatives of federal employees and retirees took action, filing a lawsuit claiming Elon’s involvement is a direct threat to privacy. They told the Judge that sharing sensitive financial data with D.O.G.E “deprives them of privacy protections guaranteed by federal law.”

The court wasted no time agreeing, issuing a temporary order to block Elon’s D.O.G.E from getting its hands on any more Treasury information.

D.O.G.E’s inner circle targeted in the court order

The US government tried damage control by telling the court that only two D.O.G.E insiders had access to Treasury data: Tom Krause, CEO of Cloud Software Group, and 25-year-old coding prodigy Marko Elez. But that clearly didn’t sway Judge Kollar-Kotelly.

Elon himself, according to her order, won’t be able to review any Treasury-related data. Tensions have been building ever since Elon hinted that D.O.G.E was unilaterally canceling “illegal” payments from federal programs.

Treasury officials, panicking over Elon’s perceived authority, scrambled to reassure the public. Donald Trump addressed the chaos directly, saying, “Elon can’t do—and won’t do—anything without our approval.”

Trump’s press secretary, Karoline Leavitt, also stepped in, promising Elon would avoid conflicts of interest if any of his companies had business tied to D.O.G.E’s oversight. “If Elon encounters conflicts related to contracts his companies hold, he will excuse himself. He has followed all applicable laws,” she said.

Meanwhile, labor organizations filed a separate lawsuit on Wednesday to block D.O.G.E from accessing systems at the Department of Labor, fearing it could be Elon’s next target. They’ve accused Elon’s team of storming through federal networks without waiting for legal approval.

The lawsuit said, “D.O.G.E seeks to gain access to sensitive systems before courts can stop them, dismantle agencies before Congress asserts budget control, and intimidate employees who resist.”

Cryptopolitan Academy: FREE Web3 Resume Cheat Sheet - Download Now

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Crude Oil Price Forecast: Brent Nears $110 Amid Saudi Pipeline Outage, How Much Further Can Oil Rise?Supply risks in the Middle East continue to heat up, with international oil prices fluctuating at high levels.During Tuesday's Asian trading session, Brent crude futures (UKOIL-F) rose to
Author  TradingKey
15 hours ago
Supply risks in the Middle East continue to heat up, with international oil prices fluctuating at high levels.During Tuesday's Asian trading session, Brent crude futures (UKOIL-F) rose to
placeholder
【Daily Brief】10-year Treasury yield briefly tops 5%, S&P 500 slips to 7,602 and the dollar firms at 99.3 as the Fed's decision eve beginsThe 10-year Treasury yield touched 5.014% on Monday — its first print above 5% since October 2023 — while the S&P 500 closed 0.48% lower at 7,619.98 and the dollar index firmed to 99.3. Here is the full market wrap ahead of Wednesday's FOMC decision, the dot plot and the August retail sales report, plus today's CLARITY Act Senate vote.
Author  Irene Q.
15 hours ago
The 10-year Treasury yield touched 5.014% on Monday — its first print above 5% since October 2023 — while the S&P 500 closed 0.48% lower at 7,619.98 and the dollar index firmed to 99.3. Here is the full market wrap ahead of Wednesday's FOMC decision, the dot plot and the August retail sales report, plus today's CLARITY Act Senate vote.
placeholder
Gold falls below $4,300 as higher US yields bolster Fed rate hike betsGold price (XAU/USD) tumbles to near $4,295 during the early Asian session on Tuesday. The precious metal faces some selling pressure as rising bond yields and surging energy prices strengthen expectations that the US Federal Reserve (Fed) will raise interest rates this week. 
Author  FXStreet
22 hours ago
Gold price (XAU/USD) tumbles to near $4,295 during the early Asian session on Tuesday. The precious metal faces some selling pressure as rising bond yields and surging energy prices strengthen expectations that the US Federal Reserve (Fed) will raise interest rates this week. 
placeholder
Silver Price Forecast: XAG/USD falls to near $63.50 amid Fed hike bets, higher oil pricesSilver price (XAG/USD) loses its gains from the previous day, trading around $63.50 per troy ounce during Asian hours on Monday. Non-yielding Silver is currently facing significant headwinds driven by rising Federal Reserve (Fed) rate-hike expectations for the upcoming September decision.
Author  FXStreet
Yesterday 10: 37
Silver price (XAG/USD) loses its gains from the previous day, trading around $63.50 per troy ounce during Asian hours on Monday. Non-yielding Silver is currently facing significant headwinds driven by rising Federal Reserve (Fed) rate-hike expectations for the upcoming September decision.
placeholder
Fed hike odds near 90% into Wednesday's decision — how to trade the dollar, gold and the S&P 500A 0.3% monthly core CPI print has lifted the market-implied probability of a 25bp Fed hike on 16 September to roughly 86.5% ~ 90%, which would be the first increase since July 2023. Here is the decision timeline, the pricing versus the forecasts, both scenarios, and the key levels for the dollar, gold and the S&P 500.
Author  Suzie
Yesterday 07: 49
A 0.3% monthly core CPI print has lifted the market-implied probability of a 25bp Fed hike on 16 September to roughly 86.5% ~ 90%, which would be the first increase since July 2023. Here is the decision timeline, the pricing versus the forecasts, both scenarios, and the key levels for the dollar, gold and the S&P 500.
goTop
quote