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
Dollar holds above 100 near a 3-month high — three Fed speakers and a $69 billion auction land tonightThe dollar index closed at 100.43 on Monday, its highest close since late July, after a weekly gain of about 1% — the best in more than three months — and is holding above the 100.00 handle in Asia. Three Fed officials speak tonight alongside a $69 billion two-year note auction, the first leg of $183 billion of Treasury supply this week.
Author  Suzie
Sep 22, Tue
The dollar index closed at 100.43 on Monday, its highest close since late July, after a weekly gain of about 1% — the best in more than three months — and is holding above the 100.00 handle in Asia. Three Fed officials speak tonight alongside a $69 billion two-year note auction, the first leg of $183 billion of Treasury supply this week.
placeholder
October hike odds climb toward 60% as Goldman and BofA both flip — what Warsh's "dose of accommodation" really changedRate futures now price roughly 55% to 62% for a 25bp hike at the October 27-28 FOMC, up from about 30% before Chair Warsh's post-meeting framing that the Fed is merely "removing some accommodation." Goldman Sachs has added an October hike to its forecast and Bank of America now sees moves in both October and December. Here is the repricing, the language behind it, and the two data points that decide it.
Author  Irene Q.
Sep 23, Wed
Rate futures now price roughly 55% to 62% for a 25bp hike at the October 27-28 FOMC, up from about 30% before Chair Warsh's post-meeting framing that the Fed is merely "removing some accommodation." Goldman Sachs has added an October hike to its forecast and Bank of America now sees moves in both October and December. Here is the repricing, the language behind it, and the two data points that decide it.
placeholder
Memory chips surge, Nasdaq notches a second straight record close — why the Dow fell 185 points anywayMicron gained 5%, SanDisk 6.8%, Seagate 4% and Western Digital 3% as the memory complex led the Nasdaq Composite to a second consecutive record close of 27,244.28. But the Dow fell 185 points as JPMorgan, Wells Fargo and Schwab slid more than 3% each — a split tape that says more about positioning than about the economy.
Author  Irene Q.
Sep 23, Wed
Micron gained 5%, SanDisk 6.8%, Seagate 4% and Western Digital 3% as the memory complex led the Nasdaq Composite to a second consecutive record close of 27,244.28. But the Dow fell 185 points as JPMorgan, Wells Fargo and Schwab slid more than 3% each — a split tape that says more about positioning than about the economy.
placeholder
US input costs rose at the fastest pace in four years — the September flash PMI beat is an inflation story, not a growth storyUS September flash PMIs came in far above expectations, with the composite at 58.4, a five-year high. But the detail that moved markets was input cost inflation at its fastest since October 2022, driven by fuel, transport and supply shortages. Brent is back above $100 and the 10-year Treasury yield has hit its highest since 2007.
Author  Suzie
Sep 24, Thu
US September flash PMIs came in far above expectations, with the composite at 58.4, a five-year high. But the detail that moved markets was input cost inflation at its fastest since October 2022, driven by fuel, transport and supply shortages. Brent is back above $100 and the 10-year Treasury yield has hit its highest since 2007.
placeholder
Gold Price Forecast: Gold Drops Below $4,300, Will It Continue to Fall? As of the European session on September 24, gold prices (XAUUSD) extended their correction, dipping below $4,300 intraday to hit a low of $4,262.45. After previously rebounding close to $
Author  TradingKey
Sep 24, Thu
As of the European session on September 24, gold prices (XAUUSD) extended their correction, dipping below $4,300 intraday to hit a low of $4,262.45. After previously rebounding close to $
goTop
quote