Recent developments in the crypto world include criticism of the SEC's activities and Elon Musk's role in DOGE's development, along with optimistic forecasts for Bitcoin.
Stuart Alderoty Criticizes SEC Operations
Stuart Alderoty, Ripple's Chief Legal Officer, recently urged the newly established Department of Government Efficiency (D.O.G.E.) to investigate SEC spending. Alderoty posted an image of SEC Chair Gary Gensler captioned 'Inquiry into Wasted Tax Dollars.' He criticized the SEC for misusing taxpayer funds and called for an assessment of the taxpayer money spent on the SEC's cryptocurrency initiatives.
Tim Draper's Opinion on Elon Musk and DOGE
Renowned venture capitalist Tim Draper shared his opinion on Elon Musk and DOGE during a conversation with Money Control. Draper praised Musk's actions as co-head of DOGE, expressing admiration for his leadership qualities. He noted that Musk had reduced Twitter's workforce by 75%, enhancing and expanding the service.
Tim Draper's Optimism About Bitcoin
Tim Draper expressed his views on Bitcoin's future, stating that he is optimistic. He believes Bitcoin will be the currency of the future, though he can't predict when. He emphasized that Bitcoin could increase in value about 30 times, based on its current value and the global economy's volume.
In conclusion, the ongoing discussions about SEC and the positive expectations for Bitcoin and DOGE highlight the relevance of these topics in the crypto world.
