Arthur Hayes, the crypto guru and BitMEX founder, is throwing shade on Elon Musk's grand plans to slash government spending. ๐Ÿš€ Hayes thinks Musk's new Department of Government Efficiency (DOGE) might hit a wall without Congress on board. Despite the skepticism, Hayes is still all in on Dogecoin, Musk's favorite meme coin. ๐Ÿ’ฐ

Musk's cost-cutting dreams are ambitious, but with only 2% of spending cuttable without Congress, it's a tough sell. Critics are skeptical, but Musk's persistence could shake things up. While the political hurdles are high, Hayes's faith in Dogecoin remains rock solid.