"Elon Musk Supports Blockchain-Based U.S. Treasury Transactions"

Source
JH Kim

Summary

  • Elon Musk reportedly supports the introduction of blockchain-based U.S. Treasury transactions.
  • During Donald Trump's presidency, Musk was said to have access to the core Treasury system.
  • The system is described as a critical infrastructure managing all federal government expenditures.

According to the virtual asset (cryptocurrency) specialized media Watcher Guru X (formerly Twitter) account on the 5th (local time), Tesla CEO and head of the Department of Government Efficiency (D.O.G.E), Elon Musk, is reportedly supporting the application of blockchain to U.S. Treasury transactions for complete transparency.

Previously, U.S. President Donald Trump acknowledged that Elon Musk could access the core payment system of the Treasury.

This system is a critical infrastructure that manages all federal government expenditures.

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JH Kim

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