Elon Musk’s DOGE Initiative: Pushing Blockchain-Based US Treasury

The Department of Government Efficiency (DOGE) under Elon Musk has already saved US taxpayers $36.7 billion in just a few weeks. Such an initiative calls for blockchain-based government spending, aimed at transparency and efficiency.

Key Findings from DOGE

Major exposures discovered in the case of DOGE included $100 billion to annually pay under an entitlement loopholes, lost estimated $50 billion yearly of the fraudulent ones, and was found to disburse payments, most of these with no good SS or other ID numbers assigned, raising enormous concern over issues on financial oversights.

Brian Armstrong’s Blockchain Proposal

COINBASE CEO CALLS FOR BLOCKCHAIN US TREASURY AS DOGE SAVES BIG

Elon’s DOGE just saved US taxpayers a solid $36.7B, and now Coinbase’s Brian Armstrong is pushing for more blockchain-based transparency in government spending.

Imagine if all US expenses were done… pic.twitter.com/8XlFlBebu0

— IBC Group Official (@ibcgroupio) February 9, 2025

Coinbase CEO Brian Armstrong has been urging the shifting of government expenditure to the blockchain to increase transparency through real-time tracking and auditing of transactions. It would become extremely easy to detect fraudulent expenditure and prevent them from happening in the first place.

How a Blockchain Treasury Could Work

Transactions through a blockchain-empowered US Treasury would become publicly verifiable, so people can track expenditures in real-time. Some forms of spending could be subject to public approval prior to being done. The platform would also significantly prevent fraud using an immutable ledger where every transaction is recorded and auditable in perpetuity.

Recommendations of Financial Reforms by Musk

To enhance supervision over finances, Musk has offered to make classifications of payments compulsorily obligatory so that there is proper description of all kinds of government activities. He even demanded that all expenditures be accounted for with rationales and suggested that the list of “DO-NOT-PAY” transactions be updated periodically to avoid extra payments.

Effects on the Treasury of the US

Blockchain technology is going to help the US emerge as a leader in financial innovations. It is going to add more efficiency, security, and accountability to government activities. DOGE initiative continues working to eradicate the bureaucratic evils by July 4, 2026. The government needs to change the expenditure policies by bringing down bureaucratic layers.

This has exposed large financial inefficiencies under the DOGE initiated by Musk. A blockchain-based US Treasury, accompanied by some needed technology infusion into the nation’s spending accounts, could revolutionize government spending by preventing fraud and enhancing transparency accountability.