Elon Musk Confirms Radical Doge U.S. Treasury Plan

Elon Musk has become deeply embedded in U.S. president Donald Trump’s White House after declaring a U.S. “financial emergency" while on the campaign trail.

Musk, the Tesla billionaire-turned-government-cost-cutter, is leading the so-called Doge department of government efficiency, proposed by Trump’s Commerce department nominee Howard Lutnick to “rip the waste out of our $6.5 trillion budget.”

Now, as fears emerge Trump’s administration is “dangerously” undermining the U.S. dollar, Musk has confirmed he wants to put the U.S. Treasury on a blockchain, the technology that underpins bitcoin and other cryptocurrencies—including Musk’s pet project dogecoin.