US SEC's recruitment of DOGE personnel and funding implications

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The US Securities and Exchange Commission (SEC) is taking steps to incorporate staff focused on Dogecoin (DOGE) operations amidst discussions about its funding and operational efficiency. The SEC's budget relies on transaction fees from the financial sector rather than direct taxpayer funds, raising questions about the efficiency and direction of its new initiatives. User comments reflect skepticism regarding the effectiveness of the SEC's actions in the volatile cryptocurrency market, suggesting potential opposition from traditional financial institutions. There is a notable anticipation for how these moves may affect significant financial stakeholders and the broader market, whether for good or ill.
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