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

Securitize Tokenized AAA CLO Fund Hits Solana With $250M Ethena Backing

16/06/2026

BTC Risks Drop to $75K as Sellers Defend Critical $80K Resistance

16/06/2026

Ethereum – ETH must avoid THIS Q3 outcome to keep history on its side

16/06/2026
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

    BTC Risks Drop to $75K as Sellers Defend Critical $80K Resistance

    16/06/2026

    Bitcoin briefly clears $82k on Gate as range trade grinds on

    16/06/2026

    Bitcoin Price Spikes Higher, But Consolidation Pattern Remains Intact

    15/06/2026

    How Will Markets React When $2B Bitcoin Options Expire Today?

    15/06/2026

    Ethereum – ETH must avoid THIS Q3 outcome to keep history on its side

    16/06/2026

    Can Ethereum break out of its bearish flag as whales accumulate?

    15/06/2026

    Bitmine adds another $136 million of ether after raising $274 million in preferred stock sale

    15/06/2026

    But According to This Data, the Danger Is Still Not Over! CryptoQuant Shares Possible Scenarios for…

    15/06/2026

    Is Europe Outpacing US? Ripple’s UK CEO Craddock Challenges Vegas Narrative

    16/06/2026

    Cardano Founder Says Ripple Should Launch an XRP Buyback Model

    15/06/2026

    Hoskinson Says Cardano Will Be Vindicated for Prioritizing Decentralization

    15/06/2026

    59,364,323 RLUSD Burned on XRP Ledger as Month-End Activity Ramps Up

    15/06/2026

    Collectible NFTs in focus during nations 250th anniversary

    12/06/2026

    NFTfi Shuts Down After $737M in Loans as NFT Market Contraction Makes Operations Unsustainable

    11/06/2026

    Dogecoin Notes Shibes Have Been ‘Quiet Lately’ And Then The Internet Showed Off What Everyone Has Been Silently Building

    09/06/2026

    Bored Ape Maker Yuga Labs Rescues Dozens of Ethereum NFTs From Exploit

    09/06/2026

    Securitize Tokenized AAA CLO Fund Hits Solana With $250M Ethena Backing

    16/06/2026

    BTC Risks Drop to $75K as Sellers Defend Critical $80K Resistance

    16/06/2026

    Ethereum – ETH must avoid THIS Q3 outcome to keep history on its side

    16/06/2026

    Is Europe Outpacing US? Ripple’s UK CEO Craddock Challenges Vegas Narrative

    16/06/2026
  • Blockchain

    Securitize Tokenized AAA CLO Fund Hits Solana With $250M Ethena Backing

    16/06/2026

    Conflux and Fireblocks Join Forces to Advance Stablecoin Settlements and RWA Markets

    16/06/2026

    Neo X TestNet v0.6.0 adds Ethereum Osaka fork support, Geth v1.16.9 base

    15/06/2026

    Blockworks buys Messari in push to build onchain market data layer

    15/06/2026

    Trikon Shakes Hands with ZNS Connect to Simplify Cross-Chain User Identity

    15/06/2026
  • DeFi

    ChimpX and Predict Protocol Partner to Bring AI Intelligence to Prediction Markets

    15/06/2026

    Liquify DAO Partners with PayGo to Power Reliable DeFi AI Payments with X402

    15/06/2026

    Aerodrome is turning liquidity into a prediction market with its biggest upgrade yet

    15/06/2026

    DeFi TVL sinks despite $315B in stablecoins – Here’s why

    15/06/2026

    Fidelity Deploys FIDD Stablecoin Pool on Uniswap, Signaling Institutional DeFi Push

    14/06/2026
  • Metaverse

    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

    Planet Hares Partners With Magne.AI To Bridge Web3 Metaverse With Smartphone Mobile-Ready Applications For Mass Adoption

    08/04/2026
  • Regulation

    Tokenized RWA Market Surges to $31B — Up 4x Since 2025

    15/06/2026

    Kraken Reportedly Acquires Stablecoin Infrastructure Firm REAP for $600 Million

    15/06/2026

    Wall Street changed Bitcoin, but the fight for decentralization is not over

    15/06/2026

    TD Cowen Raises MicroStrategy Price Target to $395 on Bitcoin Strategy Efficiency

    15/06/2026

    SoFi’s crypto relaunch brought in $121.6 million in Q1. Almost all of it went to costs

    15/06/2026
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    What Traders Need to Know

    16/06/2026

    Masspay Expands Circle Integration With USDC Payouts, Giving Firms New Treasury Options

    15/06/2026

    Coinbase Adds ARX and RE Tokens to Exchange Listing Roadmap

    15/06/2026

    Alchemy Pay Expands US Regulatory Footprint with Money Transmitter License in Maine

    15/06/2026

    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

    Crypto game studio Uncharted to shutdown along with Fishing Frenzy

    15/06/2026

    Pudgy Penguins Halts Web3 Mobile Game Pudgy Party to Focus on Pudgy World

    14/06/2026

    Blazpay Taps Agent War to Boost Innovation AI -Powered GameFi

    11/06/2026

    Pi Network Expands Gaming Ecosystem as CiDi Games Launches Developer Center

    03/06/2026

    Bitcoin mining difficulty drops 10% in 11th largest downward adjustment

    15/06/2026

    European Union plans to mandate sourcing from non-Chinese suppliers by May 29

    15/06/2026

    Bitdeer Sells 194.4 BTC, Stays Committed to Zero-Holdings Strategy

    14/06/2026

    Bitcoin Network Is Set to Experience One of the Largest Mining Difficulty Drops in Its History Today

    14/06/2026

    JPMorgan warns time is running short for crypto market structure bill

    16/06/2026

    Crypto Holders Avoid Israel’s Tax Program, Exposing Just $50.7M of Hidden Capital

    15/06/2026

    The crypto due diligence questions you forgot to ask

    15/06/2026

    South Korean Police Investigate Polymarket Users for Gambling, Lawyer Warns

    15/06/2026

    Securitize Tokenized AAA CLO Fund Hits Solana With $250M Ethena Backing

    16/06/2026

    BTC Risks Drop to $75K as Sellers Defend Critical $80K Resistance

    16/06/2026

    Ethereum – ETH must avoid THIS Q3 outcome to keep history on its side

    16/06/2026

    Is Europe Outpacing US? Ripple’s UK CEO Craddock Challenges Vegas Narrative

    16/06/2026
  • 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

Tokenized RWA Market Surges to $31B — Up 4x Since 2025

15/06/2026

Kraken Reportedly Acquires Stablecoin Infrastructure Firm REAP for $600 Million

15/06/2026

Wall Street changed Bitcoin, but the fight for decentralization is not over

15/06/2026

TD Cowen Raises MicroStrategy Price Target to $395 on Bitcoin Strategy Efficiency

15/06/2026
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

Securitize Tokenized AAA CLO Fund Hits Solana With $250M Ethena Backing

16/06/2026

BTC Risks Drop to $75K as Sellers Defend Critical $80K Resistance

16/06/2026

Ethereum – ETH must avoid THIS Q3 outcome to keep history on its side

16/06/2026
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.