Brian Armstrong, the CEO of Coinbase, has disclosed two revolutionary concepts that are intended to accelerate the D.O.G.E. initiative, which is being jointly directed by Elon Musk and Vivek Ramaswamy.
The Department of Government Efficiency (D.O.G.E.), a presidential advisory commission recently established by Elon Musk and Vivek Ramaswamy, has been the subject of a provocative proposal from Coinbase CEO Brian Armstrong. The initiative, which was announced as part of a campaign to reduce the national deficit by $2 trillion by July 4, 2026, streamline government operations, and reduce federal expenditure, continues to be a topic of interest in the mass media.
Armstrong proposed that D.O.G.E. could be an excellent opportunity to alter the government’s spending practices and facilitate the expansion of businesses.
In particular, he favored structural reforms that restrict the government’s expenditures and proposed a constitutional amendment to limit total government spending to a specific percentage of GDP, potentially around 10%.
Armstrong was also interested in enhancing the accountability of government spending by implementing innovative methods of managing the nation’s currency.
A U.S. sovereign wealth fund serves as an illustration. This would distribute additional funds from the budget as dividends, ensuring that each citizen receives a portion. Armstrong stated that this would encourage individuals and legislators to exercise greater caution regarding the government’s expenditures. Additionally, he proposed that legislators be granted greater interests in order to motivate them to advocate for long-term economic expansion.
Armstrong made his remarks at the same time as the price of the synonymous meme coin increased by 12.22%, resulting in a market capitalization of $427 million. The cryptocurrency community’s enthusiasm and the project’s branding overlapped, thereby increasing its visibility.
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