Cathie Wood, the 'Money Tree Sister', Strongly Supports US Treasury's Adoption of Blockchain Technology

Elon Musk, the head of DOGE, has suggested the adoption of blockchain technology in managing US Treasury government spending, and Cathie Wood, the founder of Ark Investment, has shown a positive response to Musk's claim.

On the 11th, Cathie Wood reacted to a post suggesting the adoption of blockchain technology by the US Treasury, stating, "Transparency, efficiency, and security are all good."

Recently, former Treasury Secretary Scott Besant allowed the DOGE department access to the payment system handling the federal government's annual expenditure of $5 trillion. Following this, Musk is reported to have discussed ways to audit and reduce government spending using blockchain technology.

Currently, various measures are being explored within the United States to reduce unnecessary government spending. In an interview conducted the previous day, President Donald Trump stated, "Musk has been tasked with auditing the Department of Defense budget," emphasizing that "hundreds of trillions of won worth of budget waste and corruption will be uncovered in the Department of Defense."