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

HashKey taps Kbank, BPMG in South Korea stablecoin payments push

27/07/2026

Hydropower overtakes gas as Bitcoin mining power use jumps 38%

27/07/2026

Machine learning algorithm sets Bitcoin price for July 1, 2026

27/07/2026
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

    Machine learning algorithm sets Bitcoin price for July 1, 2026

    27/07/2026

    Nakamoto closes clinics as Bitcoin pivot becomes full business focus

    27/07/2026

    BTC Must Hold $65K Or Risk Drop To Low $50Ks

    27/07/2026

    The oil scare is fading, but Bitcoin is still trapped by the gas-price hangover

    27/07/2026

    ETH/BTC Targets 0.035 as 0.03 Holds the Key

    26/07/2026

    Korean Financial Leaders Meet with Optimism and Ethereum Foundation in Seoul

    26/07/2026

    Why ETH’s $2K breakout could hinge on ONE missing signal

    26/07/2026

    Dormant Whale Resurfaces, Acquires $52 Million in Ethereum via OTC Trade

    26/07/2026

    Ripple’s XRPL stablecoin supply hits $762M after 22% surge – Why it matters

    27/07/2026

    Crypto Market Braces for $1.9 billion in Token Unlocks This July

    27/07/2026

    Most Visited Cryptocurrencies on CoinMarketCap, $BTC Outshines

    27/07/2026

    Arthur Hayes Moves $2.1 Million in HYPE Tokens Off Bybit, Signaling Possible Accumulation

    27/07/2026

    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

    Unserious Acquires Creepz as Psychrome Returns to Lead NFT Brand Revival

    23/07/2026

    Pudgy Penguins to Reach Millions with Target Placement

    21/07/2026

    HashKey taps Kbank, BPMG in South Korea stablecoin payments push

    27/07/2026

    Hydropower overtakes gas as Bitcoin mining power use jumps 38%

    27/07/2026

    Machine learning algorithm sets Bitcoin price for July 1, 2026

    27/07/2026

    Velodrome Reveals Aero, a New Liquidity Engine for Ethereum Users

    27/07/2026
  • Blockchain

    tZERO CEO Says XRP Has an Edge Over Bitcoin for Tokenized Capital Markets

    26/07/2026

    Solana Tokenized Assets Hit Record $5.8 Billion in Q2, up 114% as Stock Trading Volume Quadruples

    26/07/2026

    Robinhood Chain’s Early Boom Could Become Arbitrum’s Next Major Growth Driver

    26/07/2026

    Institutional Secondary Trade Establishes Blueprint for Tokenized Private Credit Markets on Avalanche

    26/07/2026

    Robinhood Chain tops crypto developer ranking two weeks after launch

    26/07/2026
  • DeFi

    Velodrome Reveals Aero, a New Liquidity Engine for Ethereum Users

    27/07/2026

    Frax’s frxUSD Joins Polygon’s Curve Finance, A Game Changer?

    27/07/2026

    Usual Discusses Stablecoin Landscape, Calls for Euro On-Ramp Solutions

    27/07/2026

    1inch Warns of Inefficiencies in Old Liquidity Designs

    27/07/2026

    Morpho Unveils Fixed Rate Lending Features, A Game Changer for DeFi

    27/07/2026
  • 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

    A Binance-Listed Altcoin Has Filed for Bankruptcy

    27/07/2026

    Storj files for bankruptcy, explores equity path for tokenholders

    27/07/2026

    ByteDance offers special stock incentives to AI team to combat poaching

    27/07/2026

    Quantinuum seeks up to $1B in IPO, marking quantum computing’s first major traditional listing

    27/07/2026

    5 Ways Crypto Markets Are Pricing SpaceX Before Wall Street Can

    26/07/2026
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    HashKey taps Kbank, BPMG in South Korea stablecoin payments push

    27/07/2026

    Upbit to Temporarily Halt STX Deposits and Withdrawals on July 29

    27/07/2026

    Polymarket refers nearly 100 wallets amid $200M insider-trade concerns

    27/07/2026

    Bitcoin Exchange Binance Announces It Will Deliste Seven Spot Trading Pairs from Its Platform!

    27/07/2026

    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 11 NFT games to play in July 2026

    16/07/2026

    Yield Guild Games Sunsets YGG Play Publishing Unit, Cuts 35 Jobs

    06/07/2026

    GO1 and Xiaohai Set up Potential Rematch at EWC 2026 Fatal Fury Bracket in Paris

    06/07/2026

    Nexus Acquires Homegrown App Marketplace One Store, Expanding into Global Web3 Game Hub

    21/06/2026

    Hydropower overtakes gas as Bitcoin mining power use jumps 38%

    27/07/2026

    Bitcoin is about to give miners a 16% lifeline, but $19 billion in AI deals is luring them away anyway

    27/07/2026

    Bitdeer Sells Entire 274.6 BTC Weekly Mined Output, Maintains Zero-Treasury Stance

    27/07/2026

    Bitcoin’s 15th Difficulty Reset Exposes a Mining Industry Under Pressure

    27/07/2026

    Critical Hurdle Overcome in US Bullish Cryptocurrency Act! White House Reportedly Finally Approved!

    27/07/2026

    Kalshi sports prediction markets blocked in Washington court ruling

    27/07/2026

    Court Clears $130M Ripple Share Sale as Galaxy Digital Leads Institutional Buying

    27/07/2026

    Russian parliament passes law regulating crypto market

    27/07/2026

    HashKey taps Kbank, BPMG in South Korea stablecoin payments push

    27/07/2026

    Hydropower overtakes gas as Bitcoin mining power use jumps 38%

    27/07/2026

    Machine learning algorithm sets Bitcoin price for July 1, 2026

    27/07/2026

    Velodrome Reveals Aero, a New Liquidity Engine for Ethereum Users

    27/07/2026
  • 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

A Binance-Listed Altcoin Has Filed for Bankruptcy

27/07/2026

Storj files for bankruptcy, explores equity path for tokenholders

27/07/2026

ByteDance offers special stock incentives to AI team to combat poaching

27/07/2026

Quantinuum seeks up to $1B in IPO, marking quantum computing’s first major traditional listing

27/07/2026
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

HashKey taps Kbank, BPMG in South Korea stablecoin payments push

27/07/2026

Hydropower overtakes gas as Bitcoin mining power use jumps 38%

27/07/2026

Machine learning algorithm sets Bitcoin price for July 1, 2026

27/07/2026
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.