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

Safe Logs 130M Transactions in Q2, a Quarterly Record

30/07/2026

Adam Back says Strategy’s Bitcoin sale is a feature, not a flaw

30/07/2026

‘Banking Is Becoming A Stablecoin’—Wirex’s Bet Against Revolut’s Rails

30/07/2026
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

    Adam Back says Strategy’s Bitcoin sale is a feature, not a flaw

    30/07/2026

    $39B returns to crypto markets – Bitcoin’s macro relief rally may fade WITHOUT…

    30/07/2026

    STRC is cracking. Saylor’s Bitcoin dividend machine faces its first real test

    30/07/2026

    Saylor’s ‘More Dots’ Post Hints at New Buy as Strategy’s Bitcoin Pile Nears 847K BTC

    30/07/2026

    Ethereum Price Faces Bearish Sentiment as History Points to Rebounds

    29/07/2026

    Ethereum Price Is Cooling, but Its Network Is Waking Up: 5 Key Metrics

    29/07/2026

    Polymarket Bettors Give Ethereum Just a 17% Shot at Reaching $3,000 in 2026

    29/07/2026

    Ethereum ETFs lose $70.7M as BlackRock leads withdrawals – What’s next for ETH?

    29/07/2026

    BitForex Founder Garrett Jin Nets $13.5M Unrealized Profit on ZEC Short Amid Exchange Fraud Allegations

    30/07/2026

    Sui Introduces Confidential Transfers to Prevent Unauthorized Minting and Secure Supply

    30/07/2026

    Hex Trust-linked address acquires $42 million in Humanity (H) tokens amid vesting adjustments

    30/07/2026

    Pi Upgrades To Protocol 24, But Price Crashes 4%

    30/07/2026

    Are NFTs Dead in 2026? What Happened to the Market

    29/07/2026

    NFT Gacha Protocol Fake World Assets Trails Only Sky in Ethereum Daily Revenue

    28/07/2026

    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

    Safe Logs 130M Transactions in Q2, a Quarterly Record

    30/07/2026

    Adam Back says Strategy’s Bitcoin sale is a feature, not a flaw

    30/07/2026

    ‘Banking Is Becoming A Stablecoin’—Wirex’s Bet Against Revolut’s Rails

    30/07/2026

    Governments Race to Offer Crypto Mining Tax Exemptions

    30/07/2026
  • Blockchain

    Safe Logs 130M Transactions in Q2, a Quarterly Record

    30/07/2026

    Morpho Signs First Hong Kong Partnership With HashKey’s HSK Chain

    30/07/2026

    Privacy Blockchains on the Rise as Institutional Crypto Adoption Grows, Chainalysis Says

    30/07/2026

    XRP Ledger Gears Up for the Trillion-Dollar Tokenization Era Amid Eying 1.5 Million Users Through Stellar Wallet Integration

    28/07/2026

    ZKsync digital advisory targets enterprise blockchain

    28/07/2026
  • DeFi

    Why Uniswap liquidity providers say the protocol fee switch ‘can’t work’

    29/07/2026

    HTX Research Maps the RWA-DeFi Convergence as Tokenized Assets Surge Past $20 Billion

    28/07/2026

    Aave Accounts for 47.8% of Onchain Active Loans, Says Token Terminal

    28/07/2026

    AI may pose bigger threat to DeFi than Bitcoin, Capriole’s Charles Edwards warns

    28/07/2026

    1inch opens Aqua liquidity protocol across 13 chains

    28/07/2026
  • 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

    ‘Banking Is Becoming A Stablecoin’—Wirex’s Bet Against Revolut’s Rails

    30/07/2026

    How BNY plans to eliminate the weekend lag in U.S. Treasuries

    30/07/2026

    Abu Dhabi’s Mubadala Capital joins tokenization push as Coinbase takes stake in onchain fund

    30/07/2026

    US gold reserves value tops $1T — so why are allies fleeing the dollar?

    30/07/2026

    Citigroup Slashes Coinbase Price Target by 41% — What It Means for COIN Investors

    30/07/2026
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Binance’s USDC reserves fall 40% while USDT holds firm – Here’s why

    29/07/2026

    Crypto Exchange Knaken Declared Bankrupt

    29/07/2026

    Kalshi’s Daily Crypto Contract Volume Hits Record $217.98 Million

    29/07/2026

    Tether adds 30M USDT wallets every quarter as user base hits 500M

    29/07/2026

    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

    why gameplay now beats crypto rewards

    29/07/2026

    From NFT gaming to mining simulators

    29/07/2026

    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

    Governments Race to Offer Crypto Mining Tax Exemptions

    30/07/2026

    Bitcoin miners pour billions into AI – but the pivot could leave them regretting it within a year

    29/07/2026

    How will the Beshkala Mining Valley operate?

    29/07/2026

    Core Scientific lands AMD AI deal as bitcoin mining operation winds down

    29/07/2026

    ESMA Adds 14 New CASPs to MiCA Register as Licensing Slows

    30/07/2026

    Taiwan court sentences BitShine founder to 22 years in $39M crypto fraud

    30/07/2026

    One year ago today, the House passed CLARITY

    29/07/2026

    Polymarket traders cut Clarity Act passage odds to record low as Senate delay drags on

    29/07/2026

    Safe Logs 130M Transactions in Q2, a Quarterly Record

    30/07/2026

    Adam Back says Strategy’s Bitcoin sale is a feature, not a flaw

    30/07/2026

    ‘Banking Is Becoming A Stablecoin’—Wirex’s Bet Against Revolut’s Rails

    30/07/2026

    Governments Race to Offer Crypto Mining Tax Exemptions

    30/07/2026
  • 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

‘Banking Is Becoming A Stablecoin’—Wirex’s Bet Against Revolut’s Rails

30/07/2026

How BNY plans to eliminate the weekend lag in U.S. Treasuries

30/07/2026

Abu Dhabi’s Mubadala Capital joins tokenization push as Coinbase takes stake in onchain fund

30/07/2026

US gold reserves value tops $1T — so why are allies fleeing the dollar?

30/07/2026
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

Safe Logs 130M Transactions in Q2, a Quarterly Record

30/07/2026

Adam Back says Strategy’s Bitcoin sale is a feature, not a flaw

30/07/2026

‘Banking Is Becoming A Stablecoin’—Wirex’s Bet Against Revolut’s Rails

30/07/2026
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.