Legal Battle Over Treasury Data Access and Musk’s Role

Why the Treasury Is Facing a Lawsuit

A new controversy is brewing over the U.S. Treasury’s decision to give Elon Musk’s Department of Government Efficiency (DOGE) access to highly sensitive financial data. The AFL-CIO, the country’s largest labor union, has taken legal action, accusing the Treasury of improperly sharing millions of Americans’ private financial details.

What’s at Stake?

• The lawsuit raises alarms about privacy, government accountability, and Musk’s growing influence.
• AFL-CIO claims the Treasury has been handing over personal financial records to DOGE without proper safeguards.
• Union leaders argue that citizens’ financial data should not be accessible to private entities without strict oversight.

Political Fallout

• Senate Majority Leader Chuck Schumer and Senator Elizabeth Warren have spoken out against the Treasury’s actions.
• Schumer is pushing for new legislation to prevent unauthorized access to federal financial systems.
• Senator Ron Wyden revealed on Bluesky that DOGE was given “full access” to the Treasury’s payment system, which includes:
  • Names
  • Social Security numbers
  • Home addresses
  • Email addresses
  • Bank account details

How This Affects Dogecoin (DOGE)

• The scandal has hit the crypto market hard, with Dogecoin tumbling nearly 15% in just one week.
• Other major cryptocurrencies, including Bitcoin, Ethereum, and XRP, are also struggling amid market uncertainty.
• Analysts say DOGE is still in bearish territory, and Musk’s political ties could add even more volatility.

Although the Treasury insists that no payments have been blocked, the bigger question remains—how much control does DOGE really have over federal financial operations?