Elon Musk’s Department of Government Efficiency Explores Blockchain to Modernize U.S. Spending 💡🇺🇸💰
Elon Musk’s Department of Government Efficiency (D.O.G.E.), a cost-cutting initiative launched under President Donald Trump, is exploring blockchain technology as a way to boost transparency and reduce waste across federal operations.
According to individuals familiar with the discussions, D.O.G.E. representatives have met with teams from multiple public blockchain networks, although no specific platforms have been publicly named. The new agency, which briefly featured the Dogecoin logo on its website, has sparked questions about whether this emerging technology could truly reshape how the government monitors spending and manages data.
Changpeng Zhao, the former Binance CEO, expressed his enthusiasm about the prospect in a statement on X, saying, “Unpopular opinion: All governments should track all their spending on the blockchain—an immutable public ledger. It’s called ‘public spending’ for a reason.”
#crypto #Innovations #DigitalCurrencyRevolution #USGovernment