Elon Musk, the head of the Department of Government Efficiency (D.O.G.E.) in Trump’s administration, criticized the U.S. Treasury for approving fraudulent payments and proposed blockchain as a solution. Musk claimed in a tweet that Treasury officials are violating laws and even approving payments to fraudulent and terrorist groups. He supported the idea of using blockchain for more transparency in treasury transactions. Advocates believe this technology can eliminate backdoor deals and budget misallocation. Some experts referred to the successful transparent network in Ukraine as a good example. However, others warned about the challenges of implementing this change. These statements followed reports of D.O.G.E’s unauthorized access to sensitive tax data and the Securities and Exchange Commission’s complaint against Musk.
