Elon Musk's DOGE reportedly gained "full access" to the federal payment system
Elon Musk's Dogecoin has gained access to the federal payment system, allowing it to process government payments. Senator Ron Wyden raised concerns about potential political interference and economic risks.
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Elon Musk's cryptocurrency, Dogecoin (DOGE), has reportedly gained "full access" to the federal payment system, as confirmed by Treasury Secretary Scott Bessent. This access allows DOGE to facilitate payments on behalf of the federal government. The news has raised concerns among lawmakers, particularly Senator Ron Wyden (D-OR), who expressed apprehension in a letter to Bessent about the potential risks of political interference in federal financial operations, warning that it could severely damage the economy and the country. The implications of this development are significant, as it marks a notable integration of a cryptocurrency into government financial systems, which could set a precedent for future digital currency use in official capacities.
- Elon Musk's Dogecoin has gained access to the federal payment system.
- Treasury Secretary Scott Bessent confirmed the access, allowing DOGE to process government payments.
- Senator Ron Wyden has raised concerns about potential political interference in federal financial operations.
- The development could have significant implications for the integration of cryptocurrencies in government functions.
- This marks a notable precedent for the use of digital currencies in official capacities.
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9 commentsLet's say hypothetically Musk decided to sell all the private information to a malicious actor. How would we know or not know?
Accountability is more than policy.
> Access to the system has historically been closely held because it includes sensitive personal information about the millions of Americans who receive Social Security checks, tax refunds and other payments from the federal government.
Oh well, as long as he's "one of us" right? Who cares about national security, privacy, etc... Trump will pardon him and DOGE will have much win much budget cuts amirite?
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