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COINTURK FINANCE > Business > Treasury Restricts Musk’s DOGE to Limited Access in U.S. Payment Systems
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Treasury Restricts Musk’s DOGE to Limited Access in U.S. Payment Systems

Overview

  • Treasury limits DOGE’s access to read-only status in U.S. payment systems.

  • Lawmakers and officials express concerns over potential interference in federal payments.

  • Trump states Musk must seek approval for any major government workforce decisions.

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COINTURK FINANCE 3 months ago
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Elon Musk’s involvement in government operations has drawn attention again as his Department of Government Efficiency (DOGE) faces scrutiny over its access to U.S. payment systems. The U.S. Treasury Department clarified that DOGE representatives would only have “read-only” access to certain coded data within the systems managed by the Bureau of the Fiscal Service. This development has sparked concerns among lawmakers and former Treasury officials about potential interference in federal financial operations. The matter has also raised broader questions about the role of private individuals in government decision-making and financial oversight.

Contents
What Does Read-Only Access Mean?How Are Lawmakers and Officials Responding?

In previous discussions about government financial oversight, concerns have emerged regarding transparency and security when external entities gain access to sensitive systems. The current situation involving DOGE follows earlier debates on financial control during different administrations, where attempts to alter or influence government payment structures were met with resistance. The limited access granted to DOGE appears to be part of an ongoing review of operational efficiency rather than a major shift in federal financial management. However, questions about oversight mechanisms remain relevant, considering past instances where similar measures led to legal and political disputes.

What Does Read-Only Access Mean?

The Treasury Department specified that DOGE employees would not have the ability to modify or interact with the core functionalities of the payment systems. Their access is reportedly similar to that of auditors who review financial data without being able to alter it. The department emphasized that this level of access aligns with established practices meant to protect system integrity and ensure proper oversight.

Jonathan Blum, principal deputy assistant secretary for legislative affairs at the Treasury, explained the scope of DOGE’s involvement.

“This is similar to the kind of access that Treasury provides to individuals reviewing Treasury systems, such as auditors, and that follows practices associated with protecting the integrity of the systems and business processes.”

His statement aimed to reassure stakeholders that the department’s financial operations remain secure despite external reviews.

How Are Lawmakers and Officials Responding?

Democratic lawmakers and former Treasury officials have raised concerns over DOGE’s access, questioning whether the arrangement could lead to interference in government financial operations. Some have warned that if DOGE attempts to block or delay payments, legal challenges are inevitable. Former Treasury official Amias Gerety cautioned against any actions that could disrupt federal transactions.

“This will end up in the courts if they stop payments. The mere fact of access, of read-only access, probably isn’t litigable. But the moment they try to block, delay or divert payments, lawsuits will fly.”

His remarks highlighted the potential legal ramifications if DOGE goes beyond its designated role.

Meanwhile, President Donald Trump addressed concerns about Musk’s authority in government workforce matters. He asserted that any decisions regarding government employees would require administrative approval.

“Elon can’t do and won’t do anything without our approval, and we’ll give him the approval where appropriate. Where not appropriate, we won’t.”

Trump also noted that Musk’s involvement in multiple large companies could present conflicts of interest, which would be evaluated as necessary.

The situation surrounding DOGE’s access underscores the challenges of integrating private sector efficiency initiatives with government financial operations. While Musk’s team aims to streamline processes and reduce costs, concerns persist over accountability and potential overreach. The Treasury maintains that DOGE’s role remains limited to observation rather than direct intervention, but skepticism remains among lawmakers and officials. Moving forward, regulatory clarity will be essential to prevent legal disputes and ensure that financial oversight remains transparent and secure.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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