Elon Musk wants the U.S. Treasury to be on a blockchain. That’s a terrible idea—take it from a big proponent of the technology
Even if security issues are ironed out—a big if—no one blockchain today could handle the sheer volume of Treasury payments.
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Treasury watchdog launches audit of DOGE access to federal government’s payment system
Democratic senators raised red flags about the access provided to Trump aide Elon Musk's Department of Government Efficiency ...
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Elon Musk willing to put U.S. Treasury on blockchain, despite multiple challenges
Musk has, without evidence, raised concern about fraudulent government payments and believes blockchain might be a solution.