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

UK plans payments rule changes for stablecoins, tokenized deposits

21/04/2026

Binance Announces It Will Also List the Altcoin Listed by Bitcoin Exchanges Upbit and Bithumb! Here Are the Details

21/04/2026

Japan to test government bonds as digital collateral on Canton

21/04/2026
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

    Price Breaks All-Time High Record Again – Here’s What We Know

    04/08/2025

    Bitcoin Switzerland? El Salvador to Host First Fully Native Bitcoin Capital Markets

    04/08/2025

    Bitcoin Breaks $119K, but XLM and HBAR Aren’t Impressed by Its Meager Percentage Gain

    04/08/2025

    High-Stakes Consolidation Could Define Q3 Trend

    04/08/2025

    Ethereum Derivatives See Two Major Liquidation Events in April, Market Remains Resilient

    21/04/2026

    Bullish Shift, Key Test Ahead

    21/04/2026

    Vitalik Buterin Says L2s That Simply Clone Ethereum Are Pointless

    21/04/2026

    What Is Vitalik Buterin’s “Cypherpunk Principled” Ethereum?

    21/04/2026

    The Sui Ecosystem’s Top 3 Altcoin Performers

    29/07/2025

    Floki Launches $69000 Guerrilla Marketing Challenge With FlokiUltras3

    28/07/2025

    Crypto Beast denies role in Altcoin (ALT) crash rug pull, blames snipers

    28/07/2025

    $1.6 Billion XRP Surge: Here’s What’s Unfolding

    28/07/2025

    WWE Partners with Blockchain Creative Labs for Official NFT Marketplace – Epic Digital Collectibles Ahead

    20/04/2026

    Top 10 NFT Performers by Weekly Sales Volume, Courtyard Outshines

    19/04/2026

    Ethereum-Based NFT Platform Halts Operations

    16/04/2026

    NFT bull Steve Aoki sells his SHIB, ETH, and PEPE. His Bored Apes are down 88%.

    14/04/2026

    UK plans payments rule changes for stablecoins, tokenized deposits

    21/04/2026

    Binance Announces It Will Also List the Altcoin Listed by Bitcoin Exchanges Upbit and Bithumb! Here Are the Details

    21/04/2026

    Japan to test government bonds as digital collateral on Canton

    21/04/2026

    How Will the Losses Be Covered? Is Aave at Risk?

    21/04/2026
  • Blockchain

    Japan to test government bonds as digital collateral on Canton

    21/04/2026

    Gate integrates Kasplex Layer 2 to bring smart contracts to Kaspa’s KAS

    21/04/2026

    Avalanche Blockchain Brings Tamper-Proof Telescope Data to Astronomy and Beyond

    21/04/2026

    B.AI Teams Up with Biconomy to Expand Security and Global Access for AI

    21/04/2026

    Aleo Launches Privacy-First Crypto Aid Pilot in Colombia Using Zero-Knowledge Technology

    21/04/2026
  • DeFi

    How Will the Losses Be Covered? Is Aave at Risk?

    21/04/2026

    Justin Sun’s Strategic $55M USDC Spark Deposit Fuels DeFi Liquidity Surge

    21/04/2026

    Critical Lido EarnETH Vault Exposed to $21.6M in Devastating KelpDAO Bridge Hack

    21/04/2026

    Phoenix Finance Partners With ENI To Advance RWA Yield Stablecoin Trading With Scalable, Cross-Chain Executions

    21/04/2026

    DeFi Protocols Launch Joint Escape Hatch for Aave ETH Lenders and Loopers

    21/04/2026
  • Metaverse

    ‘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

    Mark Zuckerberg’s Meta launches new AI initiative after metaverse retreat

    25/03/2026

    Meta partners with Arm to develop new CPUs for AI deployments

    24/03/2026

    Land values capitulate as $24M metaverse plot collapses to just $9,000

    20/03/2026
  • Regulation

    Powell’s comments on oil, inflation are likely to guide bitcoin traders

    12/04/2026

    Bitcoin quickly pulls back to $72,300 as Iran fears team up with poor U.S. inflation data

    11/04/2026

    US National Debt Surpasses $39 Trillion Amid Fiscal Concerns

    11/04/2026

    Bank of Korea adds two banks to digital won trials as real-world testing begins

    11/04/2026

    “PPI and the Fed!” When Will the Interest Rate Decision Be Announced? Here Are the Expectations

    11/04/2026
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Binance Announces It Will Also List the Altcoin Listed by Bitcoin Exchanges Upbit and Bithumb! Here Are the Details

    21/04/2026

    BitMEX taps Zodia Custody for off-exchange collateral trading

    21/04/2026

    25 Altcoins Delisted from Futures Trading! Here’s the List

    21/04/2026

    Zondacrypto under fire as Poland’s prime minister links exchange to legislative interference

    20/04/2026

    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

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    Audiera Integrates BEAT Token On Alchemy Pay To Advance Global Utility Of Web3 Entertainment And Gaming Applications

    17/04/2026

    Web3 collapse accelerates as eight games fail this year

    16/04/2026

    NEO FANTASY Partners With DDEX To Connect Metaverse Games With Decentralized Multi-Chain Liquidity

    14/04/2026

    $APE, $IMX & $PIXEL Lead Crypto Gaming Social Activity Today

    14/04/2026

    Uzbekistan teases benefits for crypto miners in special economic zone

    21/04/2026

    Public miners dump record BTC and are pivoting to AI — is Bitcoin’s security backbone starting to hollow out?

    21/04/2026

    Cango bets on infrastructure to close power gap as EcoHash launches commercial AI inference platform

    21/04/2026

    UK gas-investment firm weighs bitcoin mining, draws criticism

    20/04/2026

    UK plans payments rule changes for stablecoins, tokenized deposits

    21/04/2026

    South Korea tax agency opens bidding for crypto tracing tool

    21/04/2026

    39 financial giants demand an emergency fast-track for Europe’s blockchain pilot

    21/04/2026

    Why JPMorgan says the U.S. crypto rulebook is ‘close to completion’

    21/04/2026

    UK plans payments rule changes for stablecoins, tokenized deposits

    21/04/2026

    Binance Announces It Will Also List the Altcoin Listed by Bitcoin Exchanges Upbit and Bithumb! Here Are the Details

    21/04/2026

    Japan to test government bonds as digital collateral on Canton

    21/04/2026

    How Will the Losses Be Covered? Is Aave at Risk?

    21/04/2026
  • 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

Related Posts

Powell’s comments on oil, inflation are likely to guide bitcoin traders

12/04/2026

Bitcoin quickly pulls back to $72,300 as Iran fears team up with poor U.S. inflation data

11/04/2026

US National Debt Surpasses $39 Trillion Amid Fiscal Concerns

11/04/2026

Bank of Korea adds two banks to digital won trials as real-world testing begins

11/04/2026
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

UK plans payments rule changes for stablecoins, tokenized deposits

21/04/2026

Binance Announces It Will Also List the Altcoin Listed by Bitcoin Exchanges Upbit and Bithumb! Here Are the Details

21/04/2026

Japan to test government bonds as digital collateral on Canton

21/04/2026
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.