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

The Ondo Finance succession crisis gets messier as Kathleen Allman’s daughter alleges ‘dementia’, alcoholism and reckless spending

26/09/2026

SGX’s bitcoin and ether perpetual futures are now open to U.S. institutions

26/09/2026

How crypto can tackle the AI-heavy portfolio dilemma

26/09/2026
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

    How crypto can tackle the AI-heavy portfolio dilemma

    26/09/2026

    13.6K BTC flush resets leverage – But Bitcoin’s rally to $82k has THIS hurdle

    26/09/2026

    Morgan Stanley’s $50.6M BTC buying shields market – But rally to $82K has THIS hurdle

    26/09/2026

    “Significant Price Movement May Be On the Way”

    26/09/2026

    Coinbase sees $18.1B BTC, ETH options expire Friday

    26/09/2026

    FTX, Alameda-linked wallets send $75 million in ether to Wintermute, onchain data shows

    26/09/2026

    “ETH Could Hit a New ATH This Year”

    26/09/2026

    Ethereum hash functions clash over BLAKE3’s speed and SHA-3’s safety

    26/09/2026

    The Ondo Finance succession crisis gets messier as Kathleen Allman’s daughter alleges ‘dementia’, alcoholism and reckless spending

    26/09/2026

    NEAR Surges 21% as It Launches Historic Confidential Perps Powered by Hyperliquid

    26/09/2026

    XRPL’s new lending tool could lock up your XRP from minutes to decades

    26/09/2026

    ZEC Surges 10% After Paradigm Co-founder Endorsement: Will It Hit $1,800?

    26/09/2026

    Whitehats rescue $5.7 million in NFTs after Limit Break Payment Processor exploit

    25/09/2026

    Magic Eden scare puts 3,832 NFTs in whitehat protective custody

    25/09/2026

    Elon Musk Brings Back His Wild NFT Avatar Moment

    22/09/2026

    Sony Says You Don’t Own the Games You Bought. Crypto Says It Can Fix That

    22/09/2026

    The Ondo Finance succession crisis gets messier as Kathleen Allman’s daughter alleges ‘dementia’, alcoholism and reckless spending

    26/09/2026

    SGX’s bitcoin and ether perpetual futures are now open to U.S. institutions

    26/09/2026

    How crypto can tackle the AI-heavy portfolio dilemma

    26/09/2026

    Circle’s Wrapped Bitcoin Circles DeFi Landscape

    26/09/2026
  • Blockchain

    cirBTC Goes Live on Arc as Circle Expands Bitcoin Collateral for Onchain Finance

    26/09/2026

    Trueo prediction market moves from Base to Ethereum

    25/09/2026

    South Korea Prepares to Use Blockchain-Based Digital Currency for Government Spending! Here Are the Details

    25/09/2026

    Pyth Network Launches 50 New Indices Including ETFs

    25/09/2026

    Chainlink blockchain finance push hits Sibos with Microsoft, DTCC in room

    25/09/2026
  • DeFi

    Circle’s Wrapped Bitcoin Circles DeFi Landscape

    26/09/2026

    Galaxy Partners with Sky Ecosystem, Adding $100M in sUSDS

    26/09/2026

    Cardano DEX Volume Rises 148% in a Week

    26/09/2026

    145M FXRP Minted on Flare as XRP’s DeFi Experiment Gets Bigger

    26/09/2026

    Aave V4 Deposits Surge on Circle’s Arc Platform

    26/09/2026
  • 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

    UK’s largest banks complete world’s first interbank transactions using tokenized deposits

    26/09/2026

    HIFI raises $37M to expand stablecoin payments, tokenized markets

    26/09/2026

    Institutions held crypto through 50% drawdown, Bitwise finds

    26/09/2026

    Rumors of a Deal Between Iran and the U.S. Have Intensified—Here’s What You Need to Know

    26/09/2026

    US Banks Move Away From Bitcoin, Turn Towards Altcoins! Three Altcoins Attract Attention! Here Are the Details

    26/09/2026
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    SGX’s bitcoin and ether perpetual futures are now open to U.S. institutions

    26/09/2026

    Bitcoin Exchange Upbit Announces Listing of This Altcoin on its Spot Trading Platform!

    26/09/2026

    Coinbase’s New Features Highlighted by Influencer Insights

    26/09/2026

    Hyperliquid Open Interest Tops $14.7 Billion, Highest Since October 2025

    26/09/2026

    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 12 NFT games every player should know about in August 2026

    19/08/2026

    GameShame Studios founder details Raijin Protocol’s roadmap in NeoPod’s sixth AMA

    13/08/2026

    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

    Bitcoin Miner Hive Escalates Swedish VAT Dispute to European Commission

    26/09/2026

    CleanSpark closes $2.276 billion senior secured notes offering

    26/09/2026

    Hut 8 Wins $140M Bid for Poolin’s Two Texas Data Centers

    24/09/2026

    Bitcoin’s $84K rally isn’t saving miners as difficulty signals already flash caution

    22/09/2026

    UK crypto firms get five-month window to seek FCA approval

    25/09/2026

    What It Means for Crypto Traders and New Products

    25/09/2026

    Donald Trump Met with His Advisors Regarding the “Boğa” Crypto Clarity Act

    25/09/2026

    Why US Must Lead in Crypto

    25/09/2026

    The Ondo Finance succession crisis gets messier as Kathleen Allman’s daughter alleges ‘dementia’, alcoholism and reckless spending

    26/09/2026

    SGX’s bitcoin and ether perpetual futures are now open to U.S. institutions

    26/09/2026

    How crypto can tackle the AI-heavy portfolio dilemma

    26/09/2026

    Circle’s Wrapped Bitcoin Circles DeFi Landscape

    26/09/2026
  • MarketCap
NBTC News
Home»Legal»Elon Musk’s D.O.G.E gets nod of approval from Biden allies
Legal

Elon Musk’s D.O.G.E gets nod of approval from Biden allies

NBTCBy NBTC31/12/2024No Comments4 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


Elon Musk’s radical plan to slash $2 trillion from U.S. federal spending through the Department of Government Efficiency (D.O.G.E.) continues creating chaos on Capitol Hill. What’s surprising now is Biden’s allies are throwing their weight behind parts of the billionaire’s cost-cutting agenda.

Elon’s crusade, part of Donald Trump’s government overhaul, has brought in unlikely alliances, heated debates, and a flurry of activity in Washington. Senator Bernie Sanders, known for his war on defense contractors, shocked his own party by backing Elon’s focus on slashing Pentagon waste.

“The Pentagon, with its $886 billion budget, just failed its seventh audit. Billions are unaccounted for,” Sanders said, calling the system corrupt.

Representative Ro Khanna, a Silicon Valley Democrat, declared, “Defense contractors have been fleecing the American people for far too long.”

Biden allies embrace the D.O.G.E revolution

D.O.G.E, co-led with fellow billionaire Vivek Ramaswamy, has gained real traction among Democrats. Florida Representative Jared Moskowitz became the first Democrat to join the D.O.G.E caucus, a group dedicated to Elon’s government efficiency goals.

Ohio Democrat Greg Landsman joined soon after, saying, “You wanna be in the room where it happens.” The inaugural D.O.G.E caucus meeting in December saw an unexpected mix of attendees, including Democrats Steven Horsford of Nevada and Val Hoyle of Oregon.

Horsford made his stance clear: “You can’t have a seat at the table if you’re not in the room.” Hoyle, meanwhile, dismissed any notion that efficiency is a partisan issue. “If you think there aren’t ways to make government more efficient, you’re not living in the real world,” she said.

The support doesn’t mean Elon has free rein. Khanna has drawn clear lines in the sand, vowing to oppose cuts to programs like Medicare, veterans’ benefits, and the Environmental Protection Agency. Hoyle echoed similar sentiments, supporting moves to lower drug prices but opposing cuts to essential services like Social Security, the postal service, and the FAA.

Elon’s Pentagon plans draw fire

However, Elon’s critics think that his vision is too extreme to succeed without harming critical services. Public policy professor Don Moynihan spelled out the math: “You can’t cut $2 trillion without hitting popular programs like Social Security and veterans’ benefits. They make up two-thirds of the budget.”

Moynihan warned that achieving Elon’s ambitious goals would require “draconian cuts” across the board, from defense to social safety nets.

Despite this, Elon’s plan to tackle defense spending has drawn specific praise. His focus on the Pentagon—historically a black hole for taxpayer dollars—aligns with long-standing Democratic concerns about military waste.

Sanders pointed to the failure of only 13 senators to oppose what he called “a defense budget full of fraud.” But while Elon and his Democratic allies seem united on defense cuts, the broader plan for a $2 trillion reduction raises significant doubts.

Elon comes after the Federal Reserve

Elon is also very unhappy with the Federal Reserve. He blasted the institution as “absurdly overstaffed,” citing its 24,000 employees across 12 regional banks. His comments came after the Fed announced its hawkish rate cut, leaving markets rattled and drawing Trump’s ire.

“We’re trimming the fat,” the president has said, standing firmly behind Elon’s cost-cutting agenda. “No one gets to sit around collecting a paycheck for doing nothing — not even Jerome Powell.”

Florida’s Moskowitz criticized the Department of Homeland Security, calling it “too big.” Elon’s proposal to shut down certain agencies and fire thousands of civil servants has drawn sharp reactions from the left.

Yet, figures like Fetterman have praised his efforts, with the Pennsylvania senator calling Elon’s economic contributions undeniable. Even as the debate rages, Elon’s influence in Washington continues to grow.

The fact remains: cutting $2 trillion without affecting core programs like Medicare and Social Security is quite literally a Herculean task.

Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap

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

UK crypto firms get five-month window to seek FCA approval

25/09/2026

What It Means for Crypto Traders and New Products

25/09/2026

Donald Trump Met with His Advisors Regarding the “Boğa” Crypto Clarity Act

25/09/2026

Why US Must Lead in Crypto

25/09/2026
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

The Ondo Finance succession crisis gets messier as Kathleen Allman’s daughter alleges ‘dementia’, alcoholism and reckless spending

26/09/2026

SGX’s bitcoin and ether perpetual futures are now open to U.S. institutions

26/09/2026

How crypto can tackle the AI-heavy portfolio dilemma

26/09/2026
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.