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doge initiative faces scrutiny amid leadership changes and ongoing challenges
The initiative known as Doge, despite facing numerous lawsuits and criticism for its lack of transparency, has made some notable achievements, including the first all-digital federal retirement process and significant buyouts for government workers. However, it has been criticized for not targeting major spending areas like social security and Medicare, and its approach has led to concerns about productivity losses and potential tax revenue declines. With Musk's reduced involvement, the future effectiveness of Doge remains uncertain, raising questions about its long-term impact on government efficiency.
trump plans executive orders to reshape crypto regulations on inauguration day
Donald Trump is set to prioritize cryptocurrency regulation upon taking office, with plans to issue executive orders that may allow U.S. banks to hold Bitcoin and other digital assets. This move aims to address de-banking issues and revoke existing accounting rules that classify digital assets as liabilities. A recent private event at Mar-a-Lago gathered tech and crypto leaders to discuss innovation and policy, signaling a collaborative approach between the government and the tech industry.
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