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

What Japan’s tokenization pivot means for SOL

20/08/2026

U.S. SEC to again delay ‘innovation exemption’ for tokenization amid Wall Street, White House concerns

20/08/2026

Search Interest in Prediction Markets Falls 83% From Its World Cup Peak as Kalshi Pulls Away

20/08/2026
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

    What is a Bitcoin strategic reserve? Government BTC holdings explained

    20/08/2026

    Bitcoin ETF inflows surge after Coldcard hack, but link is unclear: Bloomberg analyst

    20/08/2026

    Breez Drops New Bitcoin App Which Doubles As Wallet and Developer Toolkit

    20/08/2026

    Circuit, DaLand Give Credit Unions a Direct Path to Bitcoin

    20/08/2026

    Whale Wallets Open $98M in ETH Shorts on Hyperliquid, Betting on Price Drop

    20/08/2026

    Ethereum price rises but stalls below $2,000, breakout or bull trap?

    20/08/2026

    Ethereum Price Explodes 9.5% and Stops 1% Short of THE Level

    20/08/2026

    Ethereum Foundation Funds WEBCAT Work for Wallet and App Front-End Checks

    20/08/2026

    What Japan’s tokenization pivot means for SOL

    20/08/2026

    The XRP Ledger is the Place to Use Tokenized RWAs, Not Just Hold: Evernorth

    20/08/2026

    Anchorage Digital expands Tron support with institutional TRX staking

    20/08/2026

    ENS DAO Votes to Seat New Security Council Weeks After Founder Blocked Renewal

    20/08/2026

    How StonkBrokers Turned a JPEG Into a Brokerage Account

    18/08/2026

    OpenSea founder pivoted to AI — and won

    17/08/2026

    Fake World Assets Opens Its Gacha Pool to New NFT Collections

    17/08/2026

    Artprice’s AI-First Shift Raises the Stakes for NFT and Tokenized Art Valuation

    15/08/2026

    What Japan’s tokenization pivot means for SOL

    20/08/2026

    U.S. SEC to again delay ‘innovation exemption’ for tokenization amid Wall Street, White House concerns

    20/08/2026

    Search Interest in Prediction Markets Falls 83% From Its World Cup Peak as Kalshi Pulls Away

    20/08/2026

    Kaito Pulse draws privacy questions over alleged device and X tracking

    20/08/2026
  • Blockchain

    Kaito Pulse draws privacy questions over alleged device and X tracking

    20/08/2026

    Centrifuge adds Symbiotic liquidity network across $1.6B in Janus Henderson, NYLIM funds

    20/08/2026

    ZetaChain’s Private AI App Anuma Surpasses 210,000 Users, Processed 20B Tokens

    20/08/2026

    Coinbase’s Base Is Betting Big on AI Agents With $100K Startup Accelerator

    20/08/2026

    Gnosis Chain to Abandon Its Validator Set and Settle to Ethereum

    20/08/2026
  • DeFi

    USDG DeFi Deposits Hit $929.2M as Paxos-Issued Stablecoin Gains Traction

    20/08/2026

    BounceBit Launches Borobudur Credit Layer Backed by Franklin Templeton Tokenized Fund

    20/08/2026

    Where DeFi yield really comes from (and why it broke this spring)

    20/08/2026

    Curve Finance Completes Llamalend V2 Audit, Expands Cross-Chain Lending

    20/08/2026

    Crypto-Backed Lending Drops 17% in Q2 as CeFi Surpasses DeFi for First Time Since 2023

    19/08/2026
  • 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

    SpaceX is a battleground Solana must win

    20/08/2026

    Jump Capital doubles down on crypto with new $350M fund

    20/08/2026

    SoFi Q2 revenue jumps 43% as lending business hits new high

    20/08/2026

    Wall Street trims expectations ahead of earnings

    20/08/2026

    SK hynix Stock Crashes 10% Despite 557% Q2 AI Profit

    20/08/2026
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Search Interest in Prediction Markets Falls 83% From Its World Cup Peak as Kalshi Pulls Away

    20/08/2026

    Forced liquidations begin in 30 days for business crypto accounts missing new verification rules on Bybit

    20/08/2026

    Coinbase Expands Derivatives Offering with US500 Perpetual Contract Tied to S&P 500

    20/08/2026

    Aster Launches $10K Perpetual Futures Contest for OpenAI, Anthropic, and Unitree Pre-IPO Contracts

    20/08/2026

    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

    Top 12 NFT games every player should know about in August 2026

    19/08/2026

    GameShame Studios founder details Raijin Protocol’s roadmap in NeoPod’s sixth AMA

    13/08/2026

    How BC.GAME is turning players into stakeholders

    04/08/2026

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

    01/08/2026

    CoinShares Expands WGMI ETF as Bitcoin Miners Shift to AI

    20/08/2026

    Canaan counted paused Ethiopia mining as nearly 35% of its July operating hashrate total

    19/08/2026

    HIVE’s $84.7 million Swedish tax provision eclipsed revenue even as Bitcoin output hit a record

    19/08/2026

    Bitcoin Miners AI Pivot Doubles Valuations Despite Bitcoin’s 45% Price Drop

    19/08/2026

    U.S. SEC to again delay ‘innovation exemption’ for tokenization amid Wall Street, White House concerns

    20/08/2026

    CFTC probes mention markets as Kalshi pulls sports bets

    20/08/2026

    Crypto Rulemaking Can Begin Before CLARITY Act Passage

    20/08/2026

    Trump Targets Cybercrime as Crypto Theft Drives 30% of Losses

    20/08/2026

    What Japan’s tokenization pivot means for SOL

    20/08/2026

    U.S. SEC to again delay ‘innovation exemption’ for tokenization amid Wall Street, White House concerns

    20/08/2026

    Search Interest in Prediction Markets Falls 83% From Its World Cup Peak as Kalshi Pulls Away

    20/08/2026

    Kaito Pulse draws privacy questions over alleged device and X tracking

    20/08/2026
  • 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

SpaceX is a battleground Solana must win

20/08/2026

Jump Capital doubles down on crypto with new $350M fund

20/08/2026

SoFi Q2 revenue jumps 43% as lending business hits new high

20/08/2026

Wall Street trims expectations ahead of earnings

20/08/2026
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

What Japan’s tokenization pivot means for SOL

20/08/2026

U.S. SEC to again delay ‘innovation exemption’ for tokenization amid Wall Street, White House concerns

20/08/2026

Search Interest in Prediction Markets Falls 83% From Its World Cup Peak as Kalshi Pulls Away

20/08/2026
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.