United States Institute of Peace and Musk’s Financial Data Breakthrough: What It Means for U.S. Government Transparency

The post United States Institute of Peace and Musk’s Financial Data Breakthrough: What It Means for U.S. Government Transparency appeared first on Coinpedia Fintech News

Elon Musk, a popular tech billionaire with a huge influence in the Donald Trump administration via the Department of Government Efficiency (DOGE), has ostensibly made a breakthrough in recovering a terabyte of financial data, which had been deleted to conceal alleged crimes. The claimed breakthrough could be a major blow to U.S. government employees found guilty of public funds embezzlement among other financial-related crimes.

“ The US Government deleted a terabyte of financial data to cover their crime. But they don’t understand technology, so we recovered it,” Musk reportedly noted.

What Next?

The disturbance caused by Musk and the DOGE team has attracted significant attention on both sides. On one hand, Musk is largely celebrated for attempting to save the U.S. dollar as a global currency, through the initiatives by DOGE. Moreover, experts believe the U.S. Dollar could lose its status as a global reserve currency in the next decade, especially fueled by the rise of the BRICS movement.

On the other hand, Musk and his DOGE team have been accused of operating contrary to federal law. For instance earlier this year, a federal Judge blocked Musk’s DOGE from accessing the personal financial data of millions of Americans in Treasury Department records.

Also Read :   Big News: SEC Moves Forward with $150 Million Lawsuit Against Elon Musk   ,

Notably, Judge Paul A. Engelmayer issued a preliminary injunction earlier in February and ordered Musk and his team to destroy any copies of records of financial data related to American payments.

The latest revelation, if true, will likely change the entire dynamics of the political outlook in the United States for the coming decades.