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The Coin Rise 2025-02-01 17:16:21

Elon Musk’s D.O.G.E. Set Sights on US Treasury With New Plan

Elon Musk’s D.O.G.E. Set Sights on US Treasury With New Plan

Elon Musk, the entrepreneur billionaire, is shaking things up again with his new project, the Department of Government Efficiency (D.O.G.E.). The government agency has set its sights on the U.S. Department of the Treasury. This bold move has put pressure on the department, leading to the sudden exit of a top official and intense debates about financial transparency. This shake-up comes when Musk also fuels speculation about Dogecoin, prompting investors to watch closely for potential market shifts. Treasury Official Resigns After DOGE Audit Clash Recent reports confirmed that David Lebryk, a senior official at the US Treasury, is stepping down after reported clashes with Musk’s allies. The conflict started when D.O.G.E. called for an audit of a major payment system handling over $6 trillion annually. This system includes Social Security, Medicare, and federal salaries. The Treasury’s resistance to the audit has raised serious questions about financial oversight within the government. While specifics on DOGE’s motives remain unclear, insiders suggest the department is hunting for inefficiencies, wasteful spending, and possible misconduct. Activist Robby Starbuck fueled the debate, questioning why officials would resist oversight and hinting at deeper financial mismanagement. Elon Musk Accuses Treasury Officials of Ignoring Fraud In a recent X post, Musk made a bold claim. He accused Treasury officials of approving payments without proper checks, even to fraudulent and suspicious entities. If proven, this could be one of the biggest financial oversight failures in recent U.S. history. This bombshell accusation has fueled public scrutiny and intensified the debate over government accountability. Beyond exposing alleged mismanagement, Musk is driving an aggressive cost-cutting strategy through DOGE. He aims to slash $4 billion in daily federal spending by 2026. If successful, this would shrink the US deficit from $2 trillion to $1 trillion. This development would be one of the most significant shifts in government efficiency, further reinforcing Musk’s reputation for shaking things up. Dogecoin Unexpected Surge: Coincidence or Connection? Even though Musk’s DOGE project is not directly connected to Dogecoin, the similar name continues to fuel speculation in crypto markets. Musk’s past influence on Dogecoin has caused big price changes, so investors pay close attention to any potential ripple effects. This comes as the digital asset is trading at $0.323, down by 3.38% in the last 24 hours. Meanwhile, Dogecoin whales are buying up large amounts, showing more confidence in the coin’s future. It is unclear whether this is linked to Musk’s new project or more Dogecoin excitement. The post Elon Musk’s D.O.G.E. Set Sights on US Treasury With New Plan appeared first on TheCoinrise.com .

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