CandleFocus Coinbase CEO mentioned ‘DOGE’ could increase economic freedom
2024-11-18
Author: Content Editor
In this news, it is mentioned that President-elect Donald Trump has proposed creating a Department of Government Efficiency (DOGE) to reduce federal government spending and regulations. Coinbase CEO Brian Armstrong supports this idea, stating that it is a great opportunity to increase economic freedom and decrease the size of government. Armstrong suggests that government spending could be reduced to 10% of the GDP and the constitution may need to be amended. He also explores the idea of a U.S. sovereign wealth fund and using the surplus as a dividend. Elon Musk has been appointed as the leader of the newly created DOGE agency, which was inspired by Dogecoin. Since the announcement, Dogecoin's value has seen a significant increase.
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