1. United States
2. Texas
3. Letter

The Trump administration and the U.S. Treasury Department must take swift action to prevent Elon Musk's growing influence from undermining financial regulations and enforcement. Musk has repeatedly attacked the Securities and Exchange Commission and its oversight role, foreshadowing his intent to weaken corporate accountability. As the world's second-richest person with a domineering presence across industries, Musk poses a significant threat to maintaining a fair and transparent market. Stringent enforcement of disclosure rules and sanctions for violations are crucial to protecting investors and upholding market integrity. Capitulating to Musk's demands would damage faith in U.S. financial institutions while benefiting the ultra-wealthy at the public's expense. The Treasury must remain a stalwart defender of robust regulations aimed at reining in billionaire excess and corporate misconduct.