Elon Musk became deeply anchored in the white house of American president Donald Trump after declaring an American “financial emergency” on the campaign track.
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Musk, the billionaire of Tesla who became the Government-Cutter, directs the so-called Doge Partation of Government Efficiency, proposed by the candidate of the Trump Department of Commerce, Howard Lutnick, to “snatch the waste from our 6.5 billion budget dollars ”.
Now, while fears emerge that Trump administration is “dangerously” the US dollar, Musk confirmed that he wanted to put the American treasure on a blockchain, the technology that underpins bitcoin and other crypto- Coins – including the Musk pet project, Dogcoin.
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Billionaire Elon Musk has become an advisor close to US President Donald Trump, leading the DOGE … (+)
“Career treasury managers violate the law every hour of each day by approving fraudulent payments or do not correspond to the financing laws adopted by the Congress,” said Musk on X, referring to part of the Code of States -Unis which describes how certain government payments are approved. “It must stop now!”
Answer the influencer X Mario Nawfal who asked: “If the treasure is put on the blockchain so that it does not happen,” replied Musk: “Yes!”
Earlier, the New York Times Trump’s Treasury Secretary, Scott Bessent, has given the Doge officials access to the payment system, which sends money up to 5 dollars per year on behalf of the entire federal government on Friday , citing anonymous sources.
Last week, Musk had discussions on the use of blockchain technology to save money, it was reported by Bloombergciting anonymous sources.
Named people close to Musk told The Financial Newswire that there had been a question of using a blockchain to follow federal expenses, secure data, make payments and manage buildings.
It is not clear if Musk plans to use an existing blockchain, like Bitcoin’s, Ethereum’s, Dogecoin’s or one of thousands of small blocks of blocks that have their own cryptocurrencies, or if he prefers to create a new blockchain built for purposes.
After the care of Twitter Musk, which he then renamed X, Musk also debated the addition of blockchain technology to the platform before dropping the idea, the text messages between Musk And his brother Kimbal revealed in 2022.
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Dogecoin Prix increased after Donald Trump’s electoral victory while traders were betting on Elon … (+)
The DOGE department is a nod to the same Shiba Inu Doge which is also linked to the cryptocurrency of Dogecoin, appointed by Musk as its “favorite” cryptocurrency and accepted as payment by its Tesla car company.
The Dogecoin price exploded above after Trump’s electoral victory, increasing with the Bitcoin price, while traders bet the proximity of Musk with the American president will further strengthen the cryptocurrency based on the same.
During his first week at the White House, Trump followed his campaign promises to revise Crypto’s policy one of the priorities of his administration, ordering the creation of a cryptocurrency working group responsible for offering new regulations and explore the creation of a stock of national cryptocurrency.
Trump crypto and artificial intelligence tsar, venture capital David Sacks, will chair the group, with bags – a first investor in the rival cryptocurrency of Ethereum Solana – practiced by Trump who said later Renard business Trump’s actions have shown that he was following his promise to make the world’s “cryptographic capital” in the United States, something that Trump also told the participants of the World Economic Forum in Davos.
