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

Whale Address Accumulates $71.1M in Ethereum via Galaxy Digital OTC Desk

08/08/2026

As BitMEX exits, analysts warn crypto consolidation is accelerating

08/08/2026

Scaramucci and Novogratz Predict BTC to Reclaim $70K Soon

08/08/2026
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

    Scaramucci and Novogratz Predict BTC to Reclaim $70K Soon

    08/08/2026

    Bitcoin eyes relief rally as Trump says Iran deal may be signed Sunday

    08/08/2026

    Bybit Highlights Factors That Pulled BTC Below $60K

    08/08/2026

    Bitcoin Adopted by Wikileaks 15 Years Ago: How It Happened

    08/08/2026

    Whale Address Accumulates $71.1M in Ethereum via Galaxy Digital OTC Desk

    08/08/2026

    Ethereum Foundation Grant Address Transfers $1.08M in ETH to Gnosis Safe, Deposits $5K to Kraken

    08/08/2026

    Ethereum Price Eyes Next Rally After $60M ETF Inflows and Massive Whale Accumulation

    08/08/2026

    Ethereum price reclaims $1,900, can bulls crack $2,000 next?

    08/08/2026

    Week in Review – July 20 – July 26

    08/08/2026

    Is Japan Leading the Charge to Make XRP a Global Standard?

    08/08/2026

    On-Chain Data Reveals How 52 Whales Cashed Out on Retail

    08/08/2026

    Can LTC Ride Institutional Momentum to New Highs?

    08/08/2026

    Rarible launches on Solana with Claynosaurz NFTs

    07/08/2026

    An actual NFT success story? Tascha Labs’ shattered diamond

    06/08/2026

    NFT startup founder charged with misusing funds from $10 million fundraising

    06/08/2026

    What Happens to Your Attendance NFTs?

    04/08/2026

    Whale Address Accumulates $71.1M in Ethereum via Galaxy Digital OTC Desk

    08/08/2026

    As BitMEX exits, analysts warn crypto consolidation is accelerating

    08/08/2026

    Scaramucci and Novogratz Predict BTC to Reclaim $70K Soon

    08/08/2026

    Ethereum Foundation Grant Address Transfers $1.08M in ETH to Gnosis Safe, Deposits $5K to Kraken

    08/08/2026
  • Blockchain

    Ondo Finance holds largest tokenized ETF issuer spot as Binance closes gap

    07/08/2026

    World Chain to deploy streamed EIP-7928 block access lists

    07/08/2026

    xStocks Holders Gain Voting Rights via Broadridge and Payward

    07/08/2026

    Quantum risk blockchain exposure hits five weak points — Starknet already fixes two

    07/08/2026

    Kinexys lands its first Qatari Islamic bank as Dukhan Bank goes live

    07/08/2026
  • DeFi

    Aster’s USDF Stablecoin Now Yields Up to 15.30% APY: How It Works

    08/08/2026

    Uniswap-Backed Launchpad Pools.trade Makes Strong Debut on Robinhood Chain

    07/08/2026

    RWA deposits triple to $7.4B despite DeFi slump: CoinShares

    07/08/2026

    How Uniswap’s fee switch could change the economics of DeFi governance tokens

    07/08/2026

    Aave and Uniswap push OKX’s X Layer DeFi to record levels

    07/08/2026
  • 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

    Dollar stablecoins could improve FX access but amplify currency runs: IMF paper

    08/08/2026

    Crypto IPO market stalls as capital rotates to AI and macro uncertainty weighs

    08/08/2026

    Why retail investors are ditching broader index bets for selective trades

    08/08/2026

    $1,000 invested in SpaceX stock one month ago is now worth

    08/08/2026

    Big Win for SHIB? Japan’s Crypto Reforms Open New Doors

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

    As BitMEX exits, analysts warn crypto consolidation is accelerating

    08/08/2026

    Pendle Announces New AI Trading Agent — Enhancing Market Strategy

    08/08/2026

    Does iPhone 16 Pro Support NFC for Crypto Payments?

    08/08/2026

    BitMEX delists 65 trading pairs, derivatives in July amid exchange shutdown

    08/08/2026

    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

    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

    why gameplay now beats crypto rewards

    29/07/2026

    From NFT gaming to mining simulators

    29/07/2026

    Bitcoin Miner MARA Posts $611M Loss as Revenue Falls 27%

    08/08/2026

    Almost One in Four Bitcoin Miner Models Now Operating at a Daily Loss

    08/08/2026

    MARA swings to Q2 loss as Bitcoin’s slump masks higher output

    07/08/2026

    CleanSpark misses Wall Street revenue estimates as shares sink

    07/08/2026

    India orders takedown of Jack Dorsey’s bitcoin-linked messaging app Bitchat

    08/08/2026

    EU widens Belarus ownership ban to all crypto service providers

    08/08/2026

    Ripple CTO Emeritus Gives Stalled US Crypto Bill Ironic New Identity

    08/08/2026

    Cardano Founder Agrees With Elizabeth Warren, Says Trump Should Stay Out of Crypto

    08/08/2026

    Whale Address Accumulates $71.1M in Ethereum via Galaxy Digital OTC Desk

    08/08/2026

    As BitMEX exits, analysts warn crypto consolidation is accelerating

    08/08/2026

    Scaramucci and Novogratz Predict BTC to Reclaim $70K Soon

    08/08/2026

    Ethereum Foundation Grant Address Transfers $1.08M in ETH to Gnosis Safe, Deposits $5K to Kraken

    08/08/2026
  • 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

Dollar stablecoins could improve FX access but amplify currency runs: IMF paper

08/08/2026

Crypto IPO market stalls as capital rotates to AI and macro uncertainty weighs

08/08/2026

Why retail investors are ditching broader index bets for selective trades

08/08/2026

$1,000 invested in SpaceX stock one month ago is now worth

08/08/2026
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

Whale Address Accumulates $71.1M in Ethereum via Galaxy Digital OTC Desk

08/08/2026

As BitMEX exits, analysts warn crypto consolidation is accelerating

08/08/2026

Scaramucci and Novogratz Predict BTC to Reclaim $70K Soon

08/08/2026
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.