I think it is hard power. and also note they had write access, not just read. so if Musk wanted to he could have just straight up deleted all the data. that is real power.
That’s just somebody at the treasury being a moron.
You defined power as soft power and now you want to say actually it’s hard power. It’s not. They can’t give anyone orders and impose consequences for not following them. That’s what hard power is.