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Benzinga

Elon Musk's Department of Government Efficiency may use blockchain to track spending, Bloomberg reports

Benzinga
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Elon Musk-headed Department of Government Efficiency could tap blockchain technology to support its objectives of cutting federal spending, Bloomberg reports.

The report comes amid cryptocurrency-friendly measures undertaken by the new Donald Trump administration to strengthen U.S. leadership in the expanding industry.

Dogecoin (CRYPTO: DOGE ) was exchanging hands at $ 0.3308 , down 7% in the last 24 hours .