Elon Musk, along with a team of interns, gained access to the servers of the U.S. Department of the Treasury but claims that this is just the beginning of his plan to transition the department to blockchain. Musk believes that many payments within the Department violate the law and proposed using blockchain to secure data, track expenses, and manage government assets. However, experts warn that such a move could lead to inflation, slow transactions, and rising cryptocurrency prices, which would negatively affect taxpayers. After a lawsuit was filed against Musk, cryptocurrencies, including Dogecoin, dropped by 15 percent.
2/6/2025 1:21:38 PM (GMT+1)
Elon Musk gained access to the U.S. Department of the Treasury servers, proposing to transition the department to blockchain, which triggered a 15 percent drop in Dogecoin and lawsuits against him 📉
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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