Elon Musk’s latest initiative, the Department of Government Efficiency (D.O.G.E), has put the U.S. Securities and Exchange Commission (SEC) under the spotlight, sparking speculation among XRP holders. On Monday, a newly created X account linked to D.O.G.E. made an open call for public insights regarding waste, fraud, and abuse within the SEC. This move has ignited theories that findings from the initiative could uncover conflicts of interest or misconduct within the regulatory agency.

XRP supporters, many of whom have long accused the SEC of unfairly targeting the token, believe that any revelations from D.O.G.E. could weaken the SEC’s appeal against Ripple. The SEC had previously sued Ripple Labs in 2020, alleging XRP was sold as an unregistered security. Although Ripple won a favorable ruling in 2024, the case remains open due to the SEC’s ongoing appeal.

D.O.G.E. is a non-governmental agency launched by Musk with a mission to cut unnecessary regulations, reduce wasteful spending, and reform federal agencies. The initiative’s name and branding pay homage to Dogecoin (DOGE), a cryptocurrency Musk has frequently endorsed. Its recent focus on the SEC has energized segments of the crypto community, especially those invested in XRP and other tokens that have faced regulatory scrutiny.

The SEC has maintained a strict stance on crypto under the Biden administration. However, a shift may be underway with the recent inauguration of crypto-friendly Donald Trump. This potential regulatory change, combined with D.O.G.E.’s efforts, could impact how the SEC approaches crypto-related enforcement in the future.

Despite the excitement, XRP prices are down 1.4% in the past 24 hours, outperforming Bitcoin’s 2% drop and the broader market’s 2.5% decline. Investors remain watchful, anticipating any developments that could tip the scales in Ripple’s favor.