Exclusive: DOGE now targeting SEC policy, eyes SPAC rules, sources say

[BumRushDaShow]

Source: Reuters

July 1, 2025 10:08 AM EDT Updated 9 hours ago


WASHINGTON/NEW YORK, July 1 (Reuters) - President Donald Trump's Department of Government Efficiency initiative has pushed the U.S. markets watchdog to loosen Wall Street rules around blank-check companies and confidential reporting by private investment funds, according to two people familiar with the matter.

DOGE officials at the SEC, who have so far focused on cutting costs, have in recent weeks sought meetings with staff to explore relaxing what some companies have described as burdensome and unnecessary regulations, including reworking Biden-era rules adopted last year on so-called Special Purpose Acquisition Companies, or SPACs, and requirements that private investment advisers confidentially disclose more data so regulators can better spot systemic risk, the sources said.

The efforts, which have not been previously reported, are part of a broader deregulatory push by the administration, which has said it wants to spur economic growth by slashing government oversight. In a February executive order, Trump directed DOGE officials at federal agencies to identify regulations the administration may seek to eliminate for any of a range of different reasons, such as imposing "undue burdens" or costs on businesses.

But the same sources, who requested anonymity to speak about confidential discussions, said DOGE's involvement in crafting new policy has rankled some SEC officials, raising concerns over whether a White House initiative should be involved in the core work of an agency long seen as independent.

Read more: https://www.reuters.com/legal/government/doge-now-targeting-sec-policy-eyes-spac-rules-sources-say-2025-07-01/

[Lovie777]

1. When Democrats take back the country...........

it will take a while to repair all this damage.

But, it can be done.

[Bernardo de La Paz]

2. Agree. It can be done, will be done but will take time. . . nt

[slightlv]

4. I believe it can only be done if we have a hell of a lot more fortutitude

than was shown during Reconstruction period. No more sacrificing the good for the perfect; no more people telling others not to wish for ponies. No glossed-over Truth and Reconciliation Committee. I hope the American People will demand Hague-like hearings with death sentences. For those not achieving a death sentence, all assets stripped from them and put into the General Fund. I know I won't accept less than that. And I don't care if they have bank accounts all over the world. I want them all seized and confiscated as being gained through illicit, immoral actions. I want those people... the rich AND the poor idiot cultists of maga stripped of their citizenship and deported from our country. And THEN we can begin the discussion on immigration.

[Bernardo de La Paz]

3. Trump Media Group came into existence through one of those magic SPACs.

Deregulation in the Bush years led to the Great Recession of 2008.