Dogecoin (DOGE) has lost 27% of its yearly gain in 30 days, raising investor questions about the king meme coin. However, recent institutional investor interest in the spot Dogecoin ETF and whale actions has revived confidence.

If Musk offers tax refunds in crypto, “it would be an extreme headache and ripe for potential fraud,” one expert said.

In 2022, former SEC Chair Gary Gensler said that the crypto task force was almost doubling to 50 people. In the recent press release, the securities regulator said that the renamed unit will only include “approximately 20 fraud specialists and attorneys across multiple SEC offices.”