Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

Peter Todd’s ‘Trying to Invent Bitcoin’ Comment Sparks Debate

02/08/2026

Wall Street’s $128 billion private credit exposure is starting to look harder to contain

02/08/2026

Cardano’s TapTools to wind down after 5 execs exit

02/08/2026
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    Peter Todd’s ‘Trying to Invent Bitcoin’ Comment Sparks Debate

    02/08/2026

    BlackRock Beats Strategy and Binance as Third-Largest Bitcoin Holder

    01/08/2026

    Bitcoin Eyes $69,000 Next but on One Condition: Analyst

    01/08/2026

    Adam Back Breaks Down 1997 Roots

    01/08/2026

    Arthur Hayes Adds $6.3M in ETH, Extending Recent Buying Streak

    31/07/2026

    Ethereum Could Hit $20K as Multi-Year BTC Base Completes: Analyst

    31/07/2026

    Bitmine Withdraws $14.6M in ETH from BitGo, On-Chain Data Shows Continued Accumulation

    31/07/2026

    Ethereum (ETH) Price Holds Descending Channel Support: Key Levels to Watch

    31/07/2026

    Cardano’s TapTools to wind down after 5 execs exit

    02/08/2026

    Sui Blames Triple Mainnet Halt on Gas-Charging Bug and a Known-Risk Patch That Backfired

    01/08/2026

    Charles Hoskinson on Fire as Cardano Faces ‘Wave of Shutdowns’, ADA Falls 10%

    01/08/2026

    Grayscale HYPG ETF to Begin Trading June 3, Offering HYPE Staking Rewards at Lowest Fee

    01/08/2026

    Are NFTs Dead in 2026? What Happened to the Market

    29/07/2026

    NFT Gacha Protocol Fake World Assets Trails Only Sky in Ethereum Daily Revenue

    28/07/2026

    Tensor HQ Declares NFTs Are Forever as Community Engagement Grows

    26/07/2026

    Jupiter Gacha Hits $20M in Volume, Signaling Strong Collector Interest

    26/07/2026

    Peter Todd’s ‘Trying to Invent Bitcoin’ Comment Sparks Debate

    02/08/2026

    Wall Street’s $128 billion private credit exposure is starting to look harder to contain

    02/08/2026

    Cardano’s TapTools to wind down after 5 execs exit

    02/08/2026

    Senator Schumer proposes agency to address corruption, including Trump’s crypto ventures

    02/08/2026
  • Blockchain

    Bitchat Mesh App Defies India Cybercrime Notice After Protesters Use It During Network Restrictions

    01/08/2026

    Flowra and Honeypot Expand Compliance Options for Institutional Validators on Solana

    01/08/2026

    New Stablecoin Backed by BlackRock and Visa to Launch on Ethereum

    01/08/2026

    Ethereum Welcomes Open USD Stablecoin Launch Backed by BlackRock, Visa and 140+ Firms

    01/08/2026

    AMLBot launches AI Tracer for self-service blockchain investigations

    01/08/2026
  • DeFi

    Morph Joins Bitget, Morpho, and Gauntlet to Offer Institutional-Scale DeFi Yield

    01/08/2026

    Why DeFi giant Aave is pulling the plug on six hyped blockchains making less than $5,000 a quarter

    01/08/2026

    Uniswap Launches Earn Feature for Onchain Deposits in USDC, USDT, and ETH

    31/07/2026

    Coinbase Wrapped XRP Expands DeFi Utility Through Doppler Finance on Base

    31/07/2026

    Aave is Gradually Removing 75 Low-Utilization Reserve Assets from its Platform! Here are the Details

    31/07/2026
  • Metaverse

    Is Solana Gaming Back? Kintara Activity Fuels Renewed Optimism in Onchain MMOs

    24/06/2026

    The Sandbox launches AI game engine ‘The Sandbox Studio’ for next-generation creators

    10/06/2026

    Meta commits $13M in funding for Oversight Board through 2028

    29/05/2026

    Why Animoca’s Yat Siu says the future is 100 billion AI agents

    07/05/2026

    ‘8,000 Jobs’—Polymarket Sees Tech Layoff Surge As Meta AI Push Bites

    18/04/2026
  • Regulation

    Wall Street’s $128 billion private credit exposure is starting to look harder to contain

    02/08/2026

    Bitcoin rallied on cheaper gas while Americans expect rents to surge 8.3%

    01/08/2026

    Circle president backs USDC as new rival pressures CRCL stock

    01/08/2026

    Anonymous BOJ Insider Sparks Panic Over Looming Carry Trade Unwind

    01/08/2026

    KOSPI Plunges Over 5%, Triggering Sell-Side Sidecar for First Time in Months

    01/08/2026
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    What Happened to Coinbase Pro? (And How to Use Coinbase Advanced Trade Instead)

    02/08/2026

    Robinhood’s Best Month? 2,424,301% RWA Transfer Volume Spike Draws Attention

    01/08/2026

    Prediction Markets Attract Billions as Crypto Funding Expands

    01/08/2026

    CertiK Enters Japan, Unveils Surveillance for Institutional Crypto Risks CertiK

    01/08/2026

    ICO market slows sharply with only six completions in 2026

    30/04/2026

    South Korea Poised to Lift Ban on Domestic ICOs After 7 Years

    19/12/2025

    Why 2025’s Token Boom Looks Both Familiar and Dangerous

    31/10/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    YGG Play Shuts Down Services as Yield Guild Pivots to AI Data

    01/08/2026

    why gameplay now beats crypto rewards

    29/07/2026

    From NFT gaming to mining simulators

    29/07/2026

    Top 11 NFT games to play in July 2026

    16/07/2026

    difficulty falls 19.9% as miners pivot to AI

    02/08/2026

    Bitcoin miners saved Texas power grid from collapse, but their lucrative pivot to AI is stripping away the emergency brake

    01/08/2026

    A major Japanese Bitcoin mining pool just pulled the plug on its Bitcoin service just as 3 mega-miners claimed 60% of the network

    01/08/2026

    Russia to Ban Crypto Mining in Moscow and Parts of Kursk Region

    01/08/2026

    Senator Schumer proposes agency to address corruption, including Trump’s crypto ventures

    02/08/2026

    CME’s Duffy Flags Tax Danger Zone for U.S. Perpetual Futures

    01/08/2026

    What Can the SEC Actually Do If the CLARITY Act Fails?

    01/08/2026

    Elizabeth Warren Highlights Survey Indicating 55% of Voters ‘Disapprove’ of Trump’s Billion-Dollar Crypto Earnings

    01/08/2026

    Peter Todd’s ‘Trying to Invent Bitcoin’ Comment Sparks Debate

    02/08/2026

    Wall Street’s $128 billion private credit exposure is starting to look harder to contain

    02/08/2026

    Cardano’s TapTools to wind down after 5 execs exit

    02/08/2026

    Senator Schumer proposes agency to address corruption, including Trump’s crypto ventures

    02/08/2026
  • MarketCap
NBTC News
Home»Regulation»D.O.G.E. Saves U.S. Taxpayers $84B in First Weeks of Trump’s Presidency, But Critics Slam Cost-Cutting Moves
Regulation

D.O.G.E. Saves U.S. Taxpayers $84B in First Weeks of Trump’s Presidency, But Critics Slam Cost-Cutting Moves

NBTCBy NBTC15/02/2025No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


In the first few weeks of President Donald Trump’s administration, the new Department of Government Efficiency (D.O.G.E.) has reportedly saved U.S. taxpayers an estimated $84 billion. That breaks down to about $4 billion each day, a number some media outlets have minimized. Yet, D.O.G.E. has drawn scrutiny over its spending practices and internal operations.

.@DOGE has saved U.S. taxpayers $84 BILLION and counting in just the first few weeks of Trump’s Presidency

That’s $4 BILLION per day, yet the media will tell you it’s insignificant pic.twitter.com/8DsnqE0p9t

— Chief Nerd (@TheChiefNerd) February 12, 2025

Elon Musk’s task force aimed at cutting federal spending has seen its budget grow since its inception. Financial filings reveal that the department’s allocation jumped from $6.75 million on January 30 to $14.4 million by February 8, indicating a boost in operational funding.

Related: FEMA Misused $59 Million—Elon Musk’s D.O.G.E. Demands Clawback

Although the aggressive cost-cutting measures aimed at reducing waste, D.O.G.E. has attracted criticism for its approach. Task force statements claim the savings resulted from halting unnecessary hiring, scaling back diversity, equity, and inclusion (DEI) programs, and ending improper payments to foreign organizations.

Critics Demand Spending Transparency

While D.O.G.E. has outlined several successful initiatives, it has also faced pushback from individuals such as entrepreneur Mark Cuban. Cuban first lauded the efforts, claiming that the task force exposed wasteful government spending.

However, his opinion shifted when reports surfaced that D.O.G.E. had spent nearly $7 million in taxpayer funds in one week. Cuban went public, urging the task force to “hide nothing” if its actions were proper.

Additionally, reports indicate that some of Musk’s team members, including unpaid engineers, collaborate with Trump allies within the task force. This mix of political ties raises further questions about the task force’s neutrality and effectiveness.

Claims of Misuse and Inefficiency

Musk has often lashed out at federal agencies for inefficiency, arguing that talented employees face obstacles from administrative management. He noted that many workers in agencies such as the Treasury Department find themselves blocked from implementing cost-saving reforms by bureaucratic resistance.

Related: Trump’s D.O.G.E. Initiative Cuts DEI Spending, Saves Over $1 Billion

In addition, D.O.G.E. has questioned the use of taxpayer funds in certain cases, including a report that FEMA allocated $59 million to luxury hotels in New York City to house migrants. Musk denounced this expense as “gross insubordination,” although FEMA has not responded.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.


Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

Related Posts

Wall Street’s $128 billion private credit exposure is starting to look harder to contain

02/08/2026

Bitcoin rallied on cheaper gas while Americans expect rents to surge 8.3%

01/08/2026

Circle president backs USDC as new rival pressures CRCL stock

01/08/2026

Anonymous BOJ Insider Sparks Panic Over Looming Carry Trade Unwind

01/08/2026
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

Peter Todd’s ‘Trying to Invent Bitcoin’ Comment Sparks Debate

02/08/2026

Wall Street’s $128 billion private credit exposure is starting to look harder to contain

02/08/2026

Cardano’s TapTools to wind down after 5 execs exit

02/08/2026
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.