Coinbase CEO Urges US Treasury to Use Blockchain Technology

Crypto investor, Trader. Ambassador crypto project.

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The Department of Government Efficiency (DOGE) allegedly saved US taxpayers $36.7 billion.
Brian Armstrong calls for blockchain technology to be introduced into government departments to ensure transparency of government spending
Elon Musk and the US Treasury have identified a $100 billion loophole in annual payments.

Coinbase CEO Brian Armstrong has proposed using blockchain technology to improve transparency in government spending, citing how Elon Musk's Department of Government Efficiency (DOGE) has allegedly saved US taxpayers $36.7 billion.

Musk previously revealed that DOGE, in conjunction with the U.S. Treasury, had identified a $100 billion loophole in annual payments to people without Social Security numbers. He claims that about half of that could be fraudulent, requiring immediate action.

To improve payment transparency, Musk has proposed introducing mandatory categorization and justification codes for all government transactions. He also insists on regularly updating the list of organizations that are prohibited from receiving government payments

Smardex co-founder Jean Rauzis believes that the U.S. Treasury’s move to blockchain could strengthen the country’s leadership in innovation. He believes that it is critical to use decentralized infrastructure to avoid false transparency.

DOGE's work is scheduled to be announced on July 4, 2026, when the project plans to present reforms to create a more efficient and less bureaucratic government in honor of the 250th anniversary of the US Declaration of Independence.

Recall that we wrote that Democratic Senator Ron Wyden said that DOGE representatives led by Elon Musk had gained "full access" to the Treasury's payment system. He called it a threat to US national security.

According to DOGE Tracker , that's just 1.8% of the billionaire's ambitious goal of cutting spending by $2 trillion. Armstrong noted in his post on February 9, 2025, that decentralized blockchain systems will allow for real-time public audits, making public finances more transparent.