No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Saturday, September 13, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Cryptocurrency

Elizabeth Warren targets Elon Musk and White House crypto czar David Sacks with new ethics reform bill

by TheAdviserMagazine
5 months ago
in Cryptocurrency
Reading Time: 2 mins read
A A
Elizabeth Warren targets Elon Musk and White House crypto czar David Sacks with new ethics reform bill
Share on FacebookShare on TwitterShare on LInkedIn



A coalition of US lawmakers led by Senator Elizabeth Warren has introduced a new ethics reform bill targeting Special Government Employees (SGEs) like Elon Musk and White House crypto advisor David Sacks.

The proposal, titled the Special Government Employee Ethics Enforcement and Reform (SEER) Act, seeks to apply stricter transparency and accountability standards to individuals serving in advisory roles while maintaining private sector ties.

SGEs are part-time federal workers allowed to serve up to 130 days a year. Unlike full-time officials, they are not always required to disclose their financial interests unless they surpass a specific pay grade.

This structure has raised concerns about conflicts of interest, especially in cases involving high-profile figures like Elon Musk, who serves in advisory capacities while holding leadership roles in private companies with federal contracts.

Senator Warren argued that individuals like Musk, who benefit from major government deals, should not be allowed to operate in such ethical gray zones. According to her, Musk earns millions from government contracts yet avoids the disclosure requirements expected of senior officials.

The SEER Act has received support from a broad coalition of advocacy and watchdog groups. These include Public Citizen, Citizens for Responsibility and Ethics in Washington (CREW), the Project On Government Oversight (POGO), State Democracy Defenders, Campaign Legal Center, the American Federation of Government Employees (AFGE), and the National Treasury Employees Union (NTEU).

SEER’s key provisions

The SEER Act would expand existing ethics rules to cover SGEs starting from their 61st day in office. After 130 days, SGEs would be prohibited from receiving outside compensation related to their non-government roles.

The bill also introduces stricter conflict-of-interest rules. SGEs who lead companies with federal contracts or monopolistic power would be barred from engaging with agencies that regulate or contract with those companies.

Meanwhile, the legislation requires the Office of Government Ethics to approve all conflict-of-interest waivers for SGEs to increase public oversight. It also mandates public access to these waivers and financial disclosures.

Additionally, the Office of Personnel Management would create a public database listing all SGEs, including the number of days served and the reason for their classification.

If passed, the SEER Act would raise the ethical bar for part-time government advisors and limit the influence of corporate leaders in shaping federal policy behind closed doors.



Source link

Tags: billCryptoczarDavidElizabethElonEthicsHouseMuskReformsacksTargetsWarrenwhite
ShareTweetShare
Previous Post

4 Altcoins Attempting to Escape Bears’ Grip as Tariff Turmoil Eases

Next Post

6 Wild NFL Draft Strategies to Boost Your Net Worth Fast

Related Posts

edit post
23 cents of every tax dollar goes to pay interest on U.S. debt

23 cents of every tax dollar goes to pay interest on U.S. debt

by TheAdviserMagazine
September 13, 2025
0

The United States is sitting atop a fiscal precipice. With the total U.S. debt surpassing $37.43 trillion as of September...

edit post
XRP Price At , Dogecoin To , And Solana At ,800? Analyst Unveils 2026 Predictions

XRP Price At $23, Dogecoin To $2, And Solana At $1,800? Analyst Unveils 2026 Predictions

by TheAdviserMagazine
September 13, 2025
0

Crypto analyst Borovik has unveiled his 2026 bullish predictions for the XRP price, Dogecoin, and Solana. This comes as these...

edit post
Vitalik Buterin at EthTokyo 2025: Bridging East and West, Stories from Ethereum’s Early Days, and More

Vitalik Buterin at EthTokyo 2025: Bridging East and West, Stories from Ethereum’s Early Days, and More

by TheAdviserMagazine
September 13, 2025
0

Ethereum co-founder Vitalik Buterin used his EthTokyo 2025 keynote to chart the blockchain’s path forward, highlighting Asia’s early role in...

edit post
Bitcoin and Ethereum ETFs See Inflows Amid Rising Institutional Confidence

Bitcoin and Ethereum ETFs See Inflows Amid Rising Institutional Confidence

by TheAdviserMagazine
September 13, 2025
0

Spot Bitcoin and Ether ETFs are seeing renewed inflows as institutional appetite for crypto exposure continues to build. On Friday,...

edit post
Bitcoin Treasury Holdings Cross 3 Billion, Who Are The Major Stakeholders?

Bitcoin Treasury Holdings Cross $113 Billion, Who Are The Major Stakeholders?

by TheAdviserMagazine
September 12, 2025
0

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Many public companies are now turning to...

edit post
BlackRock Dumps Ethereum, Buys 6M in Bitcoin

BlackRock Dumps Ethereum, Buys $366M in Bitcoin

by TheAdviserMagazine
September 12, 2025
0

BlackRock is moving capital between top digital assets, selling Ethereum while purchasing a significant amount of Bitcoin. The scale of...

Next Post
edit post
6 Wild NFL Draft Strategies to Boost Your Net Worth Fast

6 Wild NFL Draft Strategies to Boost Your Net Worth Fast

edit post
7 Truths About Trump’s Tariffs — And the High-Stakes Future They Shape

7 Truths About Trump’s Tariffs — And the High-Stakes Future They Shape

  • Trending
  • Comments
  • Latest
edit post
California May Reimplement Mask Mandates

California May Reimplement Mask Mandates

September 5, 2025
edit post
Who Needs a Trust Instead of a Will in North Carolina?

Who Needs a Trust Instead of a Will in North Carolina?

September 1, 2025
edit post
Does a Will Need to Be Notarized in North Carolina?

Does a Will Need to Be Notarized in North Carolina?

September 8, 2025
edit post
Big Dave’s Cheesesteaks CEO grew up in ‘survival mode’ selling newspapers and bean pies—now his chain sells a  cheesesteak every 58 seconds

Big Dave’s Cheesesteaks CEO grew up in ‘survival mode’ selling newspapers and bean pies—now his chain sells a $12 cheesesteak every 58 seconds

August 30, 2025
edit post
‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

September 9, 2025
edit post
DACA recipients no longer eligible for Marketplace health insurance and subsidies

DACA recipients no longer eligible for Marketplace health insurance and subsidies

September 11, 2025
edit post
HP Inc. (HPQ) Downgraded to “In Line” as Analysts See Limited Upside

HP Inc. (HPQ) Downgraded to “In Line” as Analysts See Limited Upside

0
edit post
20 Companies That Hire for Remote Customer Service Jobs

20 Companies That Hire for Remote Customer Service Jobs

0
edit post
Indian markets eye rally on GST cuts, trade hopes & AI, defence boom: Ajay Bagga

Indian markets eye rally on GST cuts, trade hopes & AI, defence boom: Ajay Bagga

0
edit post
Robinhood CEO says just like every company became a tech company, every company will become an AI company

Robinhood CEO says just like every company became a tech company, every company will become an AI company

0
edit post
GME Earnings: GameStop’s Q2 2025 adjusted profit rises on higher sales

GME Earnings: GameStop’s Q2 2025 adjusted profit rises on higher sales

0
edit post
Poland Asks To Invoke Article 4

Poland Asks To Invoke Article 4

0
edit post
HP Inc. (HPQ) Downgraded to “In Line” as Analysts See Limited Upside

HP Inc. (HPQ) Downgraded to “In Line” as Analysts See Limited Upside

September 13, 2025
edit post
Robinhood CEO says just like every company became a tech company, every company will become an AI company

Robinhood CEO says just like every company became a tech company, every company will become an AI company

September 13, 2025
edit post
5 Ways To Make K a Year in Passive Income

5 Ways To Make $50K a Year in Passive Income

September 13, 2025
edit post
23 cents of every tax dollar goes to pay interest on U.S. debt

23 cents of every tax dollar goes to pay interest on U.S. debt

September 13, 2025
edit post
Trending stocks this week as inflation data further fuels rate cut hopes

Trending stocks this week as inflation data further fuels rate cut hopes

September 13, 2025
edit post
10 Insurance Deductible Tweaks That Cut Premiums Without More Risk

10 Insurance Deductible Tweaks That Cut Premiums Without More Risk

September 13, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • HP Inc. (HPQ) Downgraded to “In Line” as Analysts See Limited Upside
  • Robinhood CEO says just like every company became a tech company, every company will become an AI company
  • 5 Ways To Make $50K a Year in Passive Income
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.