Tesla and SpaceX CEO Elon Musk has begun talks with public blockchain networks to use the technology to improve U.S. government operations, such as tracking spending and securing data. This is in line with previous Trump administration policies to support digital assets.

Musk, who is known for his high-profile support of Bitcoin $BTC (in which Tesla has invested) and Dogecoin $DOGE (which he frequently promotes), may include these two coins, as well as $TRUMP , #solana , #Xrp🔥🔥 🔥🔥, and #MELANIATokens , among his proposals to increase government transparency and reduce costs.

Despite the expected technical and financial challenges, Musk's support for cryptocurrencies is believed to help accelerate the adoption of decentralized solutions, especially as the administration moves to modernize the federal technology infrastructure by 2026.