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

State Street Launches Largest Seeded ETF Ever with $2.5B

10/09/2026

On-Chain Options Arrive via Flare’s FXRP

10/09/2026

CryptoUK Reveals Changes to FCA’s A&D Framework

10/09/2026
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

    BlackRock wallet receives 4259 BTC – Move to $70K possible IF…

    10/09/2026

    Bitcoin faces longest 5% Treasury-yield stretch since 2007 – Details

    10/09/2026

    Will Bitcoin price hold $65K support as oil surge revives inflation fears?

    10/09/2026

    Analyst Says $180K Target Is Still in Play

    10/09/2026

    Ethereum’s GGBR Leads Tokenized Commodities with 89% Growth

    10/09/2026

    Ethereum Price Today Holds $2,487 Bullish Trend as Hourly Momentum Turns Negative

    10/09/2026

    Ethereum price stalls below $2,500 as momentum weakens

    10/09/2026

    Flipping $2,530 will clear the path to $3,000

    10/09/2026

    On-Chain Options Arrive via Flare’s FXRP

    10/09/2026

    Here are the altcoins they traded…

    10/09/2026

    Shibarium Transactions Drop From 1.56 Billion to 475 Million, But Here’s What Happened

    10/09/2026

    Avalanche One Technology Q2 Revenue Surges 460% on Staking, but Token Markdown Widens Loss

    10/09/2026

    NFT sales surge 55.6% as BNB Chain overtakes Ethereum for first time

    06/09/2026

    OpenSea Users Demand ETH/USD Switcher Amid Frustration

    05/09/2026

    Kento’s Digital Art Cards Hit 2,000% of Kickstarter Goal in 24 Hours

    04/09/2026

    Cardano Founder Criticizes TapTools Relaunch

    03/09/2026

    State Street Launches Largest Seeded ETF Ever with $2.5B

    10/09/2026

    On-Chain Options Arrive via Flare’s FXRP

    10/09/2026

    CryptoUK Reveals Changes to FCA’s A&D Framework

    10/09/2026

    Kalshi US visits soar 1,500% as regulatory pressure mounts

    10/09/2026
  • Blockchain

    Hanwha taps Avalanche for tokenized securities platform in South Korea

    10/09/2026

    Citi, DBS complete first weekend tokenized cross-border deposit on Swift

    10/09/2026

    Solana beats Bitcoin on one key metric, but a single software bug could still take down the network

    10/09/2026

    Ethereum’s Vitalik Buterin puts 60% odds on a cryptography breakthrough that could weaken Wall Street middlemen

    10/09/2026

    Hedera Reveals Predictable Fee Structure for Users

    10/09/2026
  • DeFi

    Saturn Credit Announces 3% APR for USDat, Whale Activity

    10/09/2026

    Open House Initiative Launches to Support Arbitrum Builders

    10/09/2026

    Sui Introduces Agent Wallets to Enhance Token Liquidity

    10/09/2026

    1inch Routed $800 Billion And Says DeFi Is Too Small To Profit From

    10/09/2026

    Aave Launches AI Integration for Enhanced Protocol Interaction

    10/09/2026
  • 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

    State Street Launches Largest Seeded ETF Ever with $2.5B

    10/09/2026

    How stablecoins are quietly becoming the Fed’s debt buyer of last resort

    10/09/2026

    Solana, XRP, Ethereum ETFs in Red as Bitcoin ETF Adds $100 Million

    10/09/2026

    Nvidia buys Hugging Face for $12.9B in push into AI software

    10/09/2026

    B HODL stock performance jumps 67% while Bitcoin treasury sits 29% underwater

    10/09/2026
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Kalshi US visits soar 1,500% as regulatory pressure mounts

    10/09/2026

    XRP Hits Six-Month High in Trading Volume

    10/09/2026

    Binance uses MiCA workaround to keep some EU customers: report

    10/09/2026

    Binance Flags 12 Tokens for Removal From Alpha Platform

    10/09/2026

    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

    Canaan’s Revenue Collapses 68% as Bitcoin Treasury Reaches Record 1,915 BTC

    10/09/2026

    Bitcoin miners miss the rally as exchanges and stablecoin firms pull ahead

    10/09/2026

    Soluna Completes 83 MW Kati 1 Bitcoin Hosting Site

    09/09/2026

    Nearly a fifth of all Bitcoin mining power is sitting completely dark, and turning it back on could trigger a brutal margin trap

    09/09/2026

    CryptoUK Reveals Changes to FCA’s A&D Framework

    10/09/2026

    US Seizes $560,000 in Crypto Linked to Hamas Fundraising Network

    10/09/2026

    Crypto-backed PAC scales back ad spending in Massachusetts primary

    10/09/2026

    Tether sued over alleged unlawful $42.4M USDT freeze

    10/09/2026

    State Street Launches Largest Seeded ETF Ever with $2.5B

    10/09/2026

    On-Chain Options Arrive via Flare’s FXRP

    10/09/2026

    CryptoUK Reveals Changes to FCA’s A&D Framework

    10/09/2026

    Kalshi US visits soar 1,500% as regulatory pressure mounts

    10/09/2026
  • 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

State Street Launches Largest Seeded ETF Ever with $2.5B

10/09/2026

How stablecoins are quietly becoming the Fed’s debt buyer of last resort

10/09/2026

Solana, XRP, Ethereum ETFs in Red as Bitcoin ETF Adds $100 Million

10/09/2026

Nvidia buys Hugging Face for $12.9B in push into AI software

10/09/2026
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

State Street Launches Largest Seeded ETF Ever with $2.5B

10/09/2026

On-Chain Options Arrive via Flare’s FXRP

10/09/2026

CryptoUK Reveals Changes to FCA’s A&D Framework

10/09/2026
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.