Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

The Clearing House Selects Quant to Power Its Tokenized Deposit Network

30/09/2026

Bitcoin price tests $78K as bearish divergence grows

30/09/2026

Ethereum Just Defied the September Curse But a Major Resistance Wall Still Stands

30/09/2026
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    Bitcoin price tests $78K as bearish divergence grows

    30/09/2026

    Bitcoin and Ethereum race quantum clock as U.S. backs $300 million hardware push

    30/09/2026

    Why Big Holders Taking Losses Signal Market Bottom

    30/09/2026

    Bitcoin fails to reclaim $80K as Bessent fuels yen strength around 153 per dollar

    30/09/2026

    Ethereum Just Defied the September Curse But a Major Resistance Wall Still Stands

    30/09/2026

    Whale Who Bought Ethereum at $18.8 Starts Offloading With 15,600% Profit Amid Historic Q3 Record

    30/09/2026

    Large Ethereum transfer worth $104 million puzzles traders

    30/09/2026

    ETH on track to close the best September since 2016

    30/09/2026

    Week in Review – September 7 – September 13

    30/09/2026

    The Most Profitable Crypto Airdrops of the Week: Week 38

    30/09/2026

    Why Could Monad’s November 2026 Token Unlock Be Its Biggest Test Yet?

    30/09/2026

    Cardano’s $3.09 ATH Was 5 Years Ago, Can ADA Break It Again?

    30/09/2026

    Justin Bieber’s $1.3 Billion Bored Ape NFT is Worthless—Blockstream CEO

    28/09/2026

    The NFT party is over and everybody now owes storage rent

    27/09/2026

    How to reclaim your rescued NFTs after legacy Magic Eden approval exploit

    26/09/2026

    NFT sales rise 57.17% to $55.5M as Ethereum leads

    26/09/2026

    The Clearing House Selects Quant to Power Its Tokenized Deposit Network

    30/09/2026

    Bitcoin price tests $78K as bearish divergence grows

    30/09/2026

    Ethereum Just Defied the September Curse But a Major Resistance Wall Still Stands

    30/09/2026

    Week in Review – September 7 – September 13

    30/09/2026
  • Blockchain

    The Clearing House Selects Quant to Power Its Tokenized Deposit Network

    30/09/2026

    Zano rolls blockchain back a month after Gateway Address exploit

    30/09/2026

    COZ distributes 429 NEO to three contributors in Proof of Working 2.13

    30/09/2026

    R3E Network deploys multi-L2 elastic network prototype to Neo N3 TestNet

    30/09/2026

    Chainlink updates its crypto bridge tech months after a $292 million hack at a rival exposed risks

    30/09/2026
  • DeFi

    DeFi Welcomes $252M in Tokenized Stocks, Led by Uniswap

    30/09/2026

    Tokenized Stock Deposits Reach $252M with Solana at the Helm

    30/09/2026

    Sentora Seeks Aave V4 Markets With 50% Revenue Share for DAO

    30/09/2026

    strkBTC Faucet Reloaded: Registration Closing Soon

    30/09/2026

    GoMintly Launches Self-Custodial Aggregator for Tokenized

    30/09/2026
  • Metaverse

    Is Solana Gaming Back? Kintara Activity Fuels Renewed Optimism in Onchain MMOs

    24/06/2026

    The Sandbox launches AI game engine ‘The Sandbox Studio’ for next-generation creators

    10/06/2026

    Meta commits $13M in funding for Oversight Board through 2028

    29/05/2026

    Why Animoca’s Yat Siu says the future is 100 billion AI agents

    07/05/2026

    ‘8,000 Jobs’—Polymarket Sees Tech Layoff Surge As Meta AI Push Bites

    18/04/2026
  • Regulation

    Robinhood investment Crusoe values AI infrastructure firm at $30.9 billion

    30/09/2026

    A $1,000 XRP investment when the first U.S. XRP ETF launched is now worth this much

    30/09/2026

    Traders think Leopold Aschenbrenner just bet $96M on AI options

    30/09/2026

    Stablecoins must preserve one form of money: BlackRock

    30/09/2026

    Crypto treasury stocks face $50B loss as shareholders revolt – What happened?

    30/09/2026
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Gold perpetual futures activity surges on Hyperliquid as traders chase volatility

    30/09/2026

    XRP Trading in Korea Is Now Bigger Than in U.S., With Even Coinbase Behind

    30/09/2026

    Coinbase Whales Form XRP Sell Walls Up to $31

    30/09/2026

    TRON based MeshWallet raises $10M for gasless USDT wallet expansion

    30/09/2026

    ICO market slows sharply with only six completions in 2026

    30/04/2026

    South Korea Poised to Lift Ban on Domestic ICOs After 7 Years

    19/12/2025

    Why 2025’s Token Boom Looks Both Familiar and Dangerous

    31/10/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Top 12 NFT games every player should know about in August 2026

    19/08/2026

    GameShame Studios founder details Raijin Protocol’s roadmap in NeoPod’s sixth AMA

    13/08/2026

    How BC.GAME is turning players into stakeholders

    04/08/2026

    YGG Play Shuts Down Services as Yield Guild Pivots to AI Data

    01/08/2026

    Soluna And Bitdeer Add 7 MW To Texas Bitcoin Mining Deal

    30/09/2026

    Kazakhstan Proposes Using Flared Oil Field Gas to Power Crypto Mining

    29/09/2026

    Riot Platforms repays $200M credit facility, releases collateral

    28/09/2026

    Bitcoin hashrate falls to 3-week low as miners cut BTC

    27/09/2026

    Argentina Joins Global Crypto Data-Sharing Network, Starts in 2029

    30/09/2026

    How the Clarity Act’s Defeat Handed the SEC and CFTC the Wheel on Crypto

    30/09/2026

    Why Trump backed a crypto ethics rule that stopped at the family business

    30/09/2026

    Crypto traders braced for a total wipeout this week but Bitcoin had other plans

    30/09/2026

    The Clearing House Selects Quant to Power Its Tokenized Deposit Network

    30/09/2026

    Bitcoin price tests $78K as bearish divergence grows

    30/09/2026

    Ethereum Just Defied the September Curse But a Major Resistance Wall Still Stands

    30/09/2026

    Week in Review – September 7 – September 13

    30/09/2026
  • MarketCap
NBTC News
Home»Regulation»Elon Musk gets exposed for using DOGE to cheat his way into billions of dollars
Regulation

Elon Musk gets exposed for using DOGE to cheat his way into billions of dollars

NBTCBy NBTC29/04/2025No Comments4 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


Elon Musk could dodge over $2 billion in financial penalties by pulling federal government strings using DOGE, according to a Monday report from Senate Democratic committee staffers.

The report claims Elon used his heavy influence to kill investigations, dodge enforcement, and wipe away lawsuits tied to his businesses. It says Elon’s so-called “Department of Government Efficiency” helped shred Washington’s agencies while President Donald Trump openly backed the aggressive cuts.

Democrats now say Elon’s upcoming exit from DOGE operations could be more about escaping scrutiny than anything else.

They accuse Elon, the world’s richest man, of turning the government into a personal tool to “evade oversight, derail investigations, and make litigation disappear whenever he so chooses—on his terms and at his command,” the report said.

The Senate’s Permanent Subcommittee on Investigations put together the 44-page memo outlining how deep Elon’s mess ran.

Summary of Elon Musk’s exposure by investigations and litigation. Source: Senate Democrats

On Trump’s inauguration day, Elon’s companies – including SpaceX, Tesla, Neuralink, The Boring Company, and xAI – were already facing at least 65 active or possible regulatory or enforcement actions from 11 different federal agencies, that much we’re all certain of.

These open cases stacked up to $2.37 billion in potential financial risk. At Tesla, investigators flagged $1.19 billion in possible liability for allegedly lying about the capabilities of its autopilot and self-driving features.

Neuralink, Elon’s brain chip venture, faced $281 million in potential penalties for allegedly making false claims about risks tied to its products. Neuralink also risked another $1.59 million in civil and criminal fines tied to alleged violations of the Animal Welfare Act. The report says Elon wasn’t just trying to protect one company — he had a full empire to shield.

Senate pushes Elon for answers before May deadline

Democrats said Elon’s behavior has one clear goal: boost his own wealth by crushing any roadblocks.

“The through line connecting many of Mr. Elon’s decisions appears to be self-enrichment and avoiding what he perceives as obstacles to advancing his interests,” the memo said.

Senate staffers also warned that the true benefits Elon has pocketed through these tactics “may never be known, and that is by design. The silence is strategic, and it is dangerous.”

Senator Richard Blumenthal of Connecticut, who is the ranking member of the committee, sent out formal letters demanding answers from all five Elon-run companies.

Blumenthal wants each business to spill the details about the investigations it faced before Trump took office, and explain how they made sure Elon’s DOGE government work wasn’t used to interfere with those probes.

Blumenthal told them to respond by May 11, leaving Elon and his companies little time to come up with the paperwork. The White House, as per usual, blasted the Democrats’ claims.

The Trump administration denied that Elon’s government role was ever used for personal or financial gain. “Any assertion otherwise is completely false and defamatory,” the White House said in a statement.

In an emailed response, Steven Cheung, Trump’s communications director, said Blumenthal “is clearly suffering from a debilitating and uncurable case of Trump Derangement Syndrome that has wilted his brain.”

Elon’s DOGE involvement and his company problems are now tangled deeper than ever. Senate Democrats aren’t just asking questions; they’re digging into years of investigations, fines, and allegations Elon tried to erase while riding the government machine.

Every case connected to Tesla, SpaceX, Neuralink, The Boring Company, and xAI carries a dollar amount and a paper trail, and the memo hints there might be even more hidden under the surface.

Democrats said Elon’s control wasn’t random or messy – it was sharp, calculated, and designed to crush anything standing in his way. They pointed to the government cuts, the regulatory silencing, and the dismantled agencies as part of Elon’s game plan.

The White House may laugh it off, but Senate Democrats want answers in black and white. With a hard May 11 deadline looming, Elon’s companies can either open the books, or deal with a full-blown Senate fight.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

Related Posts

Robinhood investment Crusoe values AI infrastructure firm at $30.9 billion

30/09/2026

A $1,000 XRP investment when the first U.S. XRP ETF launched is now worth this much

30/09/2026

Traders think Leopold Aschenbrenner just bet $96M on AI options

30/09/2026

Stablecoins must preserve one form of money: BlackRock

30/09/2026
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

The Clearing House Selects Quant to Power Its Tokenized Deposit Network

30/09/2026

Bitcoin price tests $78K as bearish divergence grows

30/09/2026

Ethereum Just Defied the September Curse But a Major Resistance Wall Still Stands

30/09/2026
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.