Coinbase CEO calls for blockchain-based US Treasury, as DOGE saves billions

Elon Musk’s Department of Government Efficiency (DOGE) has saved US taxpayers roughly 36.7 billion USD, highlighting the need for blockchain-based transparency in government spending. Armstrong advocates for onchain auditing to enhance oversight.

Musk’s agency discovered a significant loophole, estimating 100 billion USD lost annually due to government inefficiencies. This poses a critical challenge as efforts to transition the US Treasury to blockchain could enhance financial accountability.

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