- Elon Musk’s DOGE group asked for a US Treasury audit, which led to a top official quitting and got people talking about government spending.
- Musk says Treasury officials approve payments without checking, even to scammers, and he plans to cut $4 billion in daily spending by 2026.
- Since DOGE sounds like Dogecoin, investors are paying attention, and big buyers are collecting more Dogecoin.
Musk’s DOGE Takes on the US Treasury
Elon Musk’s Department of Government Efficiency (D.O.G.E.) is gaining attention in Washington, especially after targeting the US Treasury. The development has led to the resignation of a top Treasury official, David Lebryk, reportedly due to disagreements with Musk’s allies.
According to reports, the conflict arose after DOGE requested an audit of a major payment system that handles over $6 trillion annually, including Social Security, Medicare, and federal salaries. While the reason for the audit request remains unclear, it has started conversations in both financial and political circles. Musk’s team has not commented on the issue, and the US Treasury has yet to respond.
The situation has raised concerns over government spending, with activist Robby Starbuck questioning why officials would resist an audit. Musk responded by making serious claims about Treasury officials approving payments without questioning, even to fraudulent or terrorist groups. His statement has started public debate about financial mismanagement in the government. At the same time, Musk has shared a bold plan to cut costs for DOGE, aiming to save $4 billion per day by 2026 and reduce the federal deficit from $2 trillion to $1 trillion. In a recent update, he expressed confidence that the goal could be met soon, marking a potential shift in government efficiency.
Investors Watch for Dogecoin’s Next Move
With DOGE making headlines, investors are closely watching its impact on Dogecoin’s price. While DOGE is a government department and not directly linked to the meme coin, the similarity in name has influenced market sentiment before. Experts believe these developments could affect Dogecoin’s price in the coming days.
Additionally, large investors, or “whales,” have been accumulating Dogecoin, signaling growing confidence in the asset. As Musk’s DOGE plans unfold, the market remains focused on its impact on both federal spending and Dogecoin’s performance.
