Coinbase CEO Brian Armstrong supports Trump's DOGE initiative, calling it a chance to reduce government inefficiency and increase economic freedom.
Coinbase CEO Brian Armstrong expressed support for President Donald Trump's Department of Government Efficiency (DOGE) concept. Armstrong believes that the initiative represents a unique opportunity to streamline the U. S. government, reduce bureaucracy and promote economic freedom. Sharing his views on social media, he emphasized that #DOGE could eliminate inefficient federal spending that has been going on for years.
@DOGE is a UNIQUE OPPORTUNITY to increase economic freedom in the United States and reduce the size of government to an acceptable level.
During Trump's campaign, he often emphasized the need to eliminate unnecessary government spending and reduce bloated structures. He also hinted that Ilon Musk and Vivek Ramaswamy would lead this new initiative, which has garnered significant public attention. 1 week after the election, Trump officially announced the creation of DOGE, confirming Musk and Ramaswamy as its leaders. Their role can be centered on reducing excessive regulation, restructuring government agencies, and lowering overall costs. Armstrong proposed bold measures, including limiting government spending to 10 percent of GDP and penalizing lawmakers who approve disproportionate budgets by removing them from re-election. He also proposed the creation of a sovereign wealth fund that would allow U. S. citizens to receive dividends in the event of budget surpluses, thus linking fiscal responsibility to the public interest.
Despite enthusiasm for the DoJ, its creation has drawn mixed reactions. Critics point out that DOGE is not an official federal agency, but question its authority and scope. Under current federal law, Congress has ultimate authority over spending decisions. But DOGE has already sparked controversy over the need for systematic reforms to make the government more efficient.
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