Elizabeth Warren Wages War Against Elon Musk With New Bill, What’s Happening?
Highlights
- U.S. Sen Warren is against Elon Musk's government role as he makes millions out of it.
- The American billionaire's firms Tesla and SpaceX received billions via government contracts over the past decade.
- In turn, the Senator introduced a new bill, aiming to relieve Musk of his federal duties.
The U.S. Senator for Massachusetts, Elizabeth Warren, has cracked down on billionaire Elon Musk, aka D.O.G.E (Department of Government Efficiency) lead, regarding his federal duties. A recent X post by the Senator revealed that Warren introduced a new bill to relieve Musk of his government role alongside other SGEs (Special Government Employees).
Elizabeth Warren Introduces Bill Seeking Ethical Government Functioning; Clamps Down on Musk & SGEs
Senator Elizabeth Warren criticized how unelected billionaire Elon Musk makes $8 million a day leveraging his government role while he’s at it. In her X post on April 14, the Senator said, “Musk should not be acting as co-president of the U.S. and making” such a ridiculous amount from it.
“My new bill would crack down on conflicts of interest for Elon Musk and all Special Government Employees,” she added. Reportedly, this new legislative push is led by Sen. Warren, D-Mass, and Rep. Melanie Stansbury.
It’s noteworthy that Sen. Warren and others introduced the new bill in the Senate and House this week. Its primary aim is to prevent SGEs like Elon Musk (who lead companies worth $1 billion or more) from functioning within such federal agencies.
Notably, these federal agencies are also known to interact with Musk’s companies, such as SpaceX and Tesla. Reports from across the globe reveal that both firms collectively received billions of dollars via government contracts over the past decade.
In turn, Sen. Elizabeth Warren introduced a new bill aiming to crack down on the abovementioned feat. Besides, an official reply by the American billionaire remains much awaited regarding this development.
On the other hand, CoinGape recently reported that Warren called for an investigation into Trump’s tariffs flip-flopping, deeming it to be a market manipulation move. She even blamed Trump for crashing the U.S. economy with his tariffs chronicle.
Nationwide masses are currently left speculating whether the bill’s approval could trigger a negative sentiment, given that the Tesla lead has already aided the U.S. government in saving billions to date.
- Just In: DeFi Dev Corp Launches Japan’s First Solana Treasury Company, SOL Price Reacts
- Pi Network Mainnet to Get Major Upgrade in Q4, Says Expert
- Bitwise Solana ETF to Launch This Week as It Amends Staking, Fees? Bloomberg Weighs In
- Canary Capital Trump Coin ETF Secures DTCC Listing as Expert Predicts Price Breakout
- Polymarket Founder Shayne Coplan Teases Potential POLY Token After $2B ICE Deal
- Bitcoin Price Prediction as US Govt. Shutdown Extends- What’s Next for BTC?
- Solana Price Megaphone Points to a Parabolic Move as SOL Treasuries Near $3B
- XRP Price Prediction Amid ETF Approval Roadblock as Analyst Warns of $2.72 Dip
- Binance Coin Price Prediction If It Surpasses Bitcoin Marketcap— Is $3000 Possible in 2025?
- ASTER vs HYPE Price Analysis – Which Perp DEX Token Looks Poised to Dominate Q4 Performance?
- Ethereum Price Could Soar to $6,500 as BlackRock’s ETF Nears $20B Milestone
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
