Coinbase CEO Brian Armstrong has proposed a thought-provoking idea to the newly formed presidential advisory committee, the Department of Government Efficiency (DOGE), led by Elon Musk and Vivek Ramaswamy. Announced as part of an effort to cut federal spending, streamline government operations, and reduce the national deficit by $2 trillion by July 4, 2026, the initiative remains a hot topic in the media. So Armstrong thinks D.OGE could be a great opportunity to change the way the government spends money while making it easier for businesses to grow.
In particular, he advocates structural reforms to limit government spending and proposes a constitutional amendment to limit total government spending to a fixed percentage of GDP, perhaps around 10%. Another idea of Armstrong's is to make government spending more accountable by using new ways to manage the country's money.
One example is the US sovereign wealth fund, which would give each citizen a share, with any surplus from the budget being distributed as dividends. Armstrong said this would make people and lawmakers think more carefully about how the government spends its money. He also proposed giving lawmakers larger stakes to encourage them to support long-term economic growth.
Armstrong’s comments came as the coin’s price rose 12.22% to a market capitalization of $427 million. The project’s visibility has been fueled by the overlap between its brand and the enthusiasm of the cryptocurrency community.
