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

Ethereum Relief Rally Masks Derivatives Weakness as Open Interest Falls

24/01/2026

Stable, Theo Anchor $100M+ in Libeara-Backed Tokenized Treasury Fund ‘ULTRA’

24/01/2026

CFTC Faces Tough Crypto Mandate With Fewer Staff, Inspector General Says

24/01/2026
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 Relief Rally Masks Derivatives Weakness as Open Interest Falls

    24/01/2026

    Ethereum Price Attempts Bounce While $3,000 Separates Bulls And Bears

    24/01/2026

    What is the Situation Following the Recent Recovery in Ethereum? Analysis Company Shares Critical Levels

    24/01/2026

    Ethereum Loses Structure After $3,220 Rejection — Is This Distribution Or Just The First Crack?

    24/01/2026

    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

    One of the oldest NFT trading platform which facilitated over $300 million in sales at its peak shuts down

    24/01/2026

    How to Find NFT Giveaways

    21/01/2026

    Siu’s personal NFT portfolio drops nearly 80% 

    20/01/2026

    PENGU and APE Dominate NFT Social Engagement as Community Activity Indicates Market Strength

    20/01/2026

    Ethereum Relief Rally Masks Derivatives Weakness as Open Interest Falls

    24/01/2026

    Stable, Theo Anchor $100M+ in Libeara-Backed Tokenized Treasury Fund ‘ULTRA’

    24/01/2026

    CFTC Faces Tough Crypto Mandate With Fewer Staff, Inspector General Says

    24/01/2026

    Ethereum Price Attempts Bounce While $3,000 Separates Bulls And Bears

    24/01/2026
  • Blockchain

    UBS CEO says blockchain will be the future of traditional banking

    24/01/2026

    ENI Partners With UXLINK to Power a Global Social Growth Layer for Web3

    24/01/2026

    Vitalik Buterin makes decentralized social media a 2026 priority

    24/01/2026

    Chainlink unlocks continuous on-chain markets for U.S. equities

    24/01/2026

    AscendEX and Attarius Network Join Forces to Boost Web3 Gaming NFTs

    24/01/2026
  • DeFi

    Coinbase lets users borrow up to $1 million against staked ether without selling

    24/01/2026

    Railgun develops private DeFi on Ethereum

    24/01/2026

    USDf integrated into Altery’s regulated infrastructure

    24/01/2026

    DeFi Maturation: 2020 vs. 2025

    23/01/2026

    1inch–Rewardy deal kills gas tokens for DeFi swaps on 5 chains

    23/01/2026
  • Metaverse

    Meta to cut 10% of metaverse arm this week amid AI push: Report

    13/01/2026

    Yuga Labs Acquires Otherside Creator Platform From Improbable

    27/12/2025

    Meta CEO Mark Zuckerberg Made a Decision That Will Deeply Affect Metaverse Projects! Here Are the Details

    05/12/2025

    Meta Plans 30% Cut to Metaverse Budget as Reality Becomes Less Virtual: Bloomberg

    04/12/2025

    Cambridge Institute Joins InfblueNFT to Transform Digital Communication

    21/11/2025
  • Regulation

    Stable, Theo Anchor $100M+ in Libeara-Backed Tokenized Treasury Fund ‘ULTRA’

    24/01/2026

    S&P’s Tether Downgrade Revives ‘De-pegging’ Risk Warning, HSBC Says

    24/01/2026

    IREN Investors Mull Outlook After $3.6B Capital Raise as Jim Cramer Says ‘Sell’

    24/01/2026

    Kalshi’s Luana Lopes Lara Becomes Youngest Female Self-Made Billionaire

    24/01/2026

    Strategy Battles for Par on STRC, Lifting Dividend to 10.75%

    24/01/2026
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Ceffu Integrates KuCoin Institutional to Empower Institutional Markets with MirrorX

    24/01/2026

    Bitcoin Exchange Binance Continues Delisting! Numerous Altcoin Trading Pairs Delisted! Here Are the Details

    24/01/2026

    OKX TR, the Turkish arm of the Bitcoin exchange OKX, has delisted numerous altcoin trading pairs! Here are the details

    24/01/2026

    Bitcoin Exchange Binance Lists New Altcoin Trading Pair on Futures Platform! Here Are the Details

    24/01/2026

    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

    ‘PGA Tour Rise’ Mobile Golf Game to Launch on Skale’s Base Network

    22/01/2026

    GameFi Tokens Axie Infinity, The Sandbox Defy Crypto’s Bearish Trend

    21/01/2026

    PRIME Joins FishWar to Advance AI-Driven GameFi Innovation via SEI Network

    21/01/2026

    GameFi Narrative Is Finally Showing Signs of Life — These 3 Tokens Lead The Way

    21/01/2026

    Bitdeer BTC Mining Showcases Strategic Balance with 155 BTC Production and 152.7 BTC Sale

    24/01/2026

    Bitcoin Difficulty Slides to September 2025 Levels as Miner Margins Stay Squeezed

    24/01/2026

    AI Inherits Bitcoin Mining’s Hard Lesson – Locals Matter

    23/01/2026

    Bitdeer leapfrogs MARA as top Bitcoin miner by hashrate and AI pivot

    23/01/2026

    CFTC Faces Tough Crypto Mandate With Fewer Staff, Inspector General Says

    24/01/2026

    SEC Commissioner Hester Peirce Discusses the Cryptocurrency Market – What Does She Think About Cryptocurrency Legislation?

    24/01/2026

    Trump’s crypto advisor calls for compromises to pass crypto bill

    24/01/2026

    Stablecoin Politics Threaten to Derail US Market Structure Reform

    24/01/2026

    Ethereum Relief Rally Masks Derivatives Weakness as Open Interest Falls

    24/01/2026

    Stable, Theo Anchor $100M+ in Libeara-Backed Tokenized Treasury Fund ‘ULTRA’

    24/01/2026

    CFTC Faces Tough Crypto Mandate With Fewer Staff, Inspector General Says

    24/01/2026

    Ethereum Price Attempts Bounce While $3,000 Separates Bulls And Bears

    24/01/2026
  • 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

Stable, Theo Anchor $100M+ in Libeara-Backed Tokenized Treasury Fund ‘ULTRA’

24/01/2026

S&P’s Tether Downgrade Revives ‘De-pegging’ Risk Warning, HSBC Says

24/01/2026

IREN Investors Mull Outlook After $3.6B Capital Raise as Jim Cramer Says ‘Sell’

24/01/2026

Kalshi’s Luana Lopes Lara Becomes Youngest Female Self-Made Billionaire

24/01/2026
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

Ethereum Relief Rally Masks Derivatives Weakness as Open Interest Falls

24/01/2026

Stable, Theo Anchor $100M+ in Libeara-Backed Tokenized Treasury Fund ‘ULTRA’

24/01/2026

CFTC Faces Tough Crypto Mandate With Fewer Staff, Inspector General Says

24/01/2026
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.