Elon Musk’s new Department of Government Efficiency (DOGE) is reportedly looking into blockchain tech to make the government run smoother. Bloomberg sources say Musk thinks a digital ledger could save money and improve security for things like tracking spending, protecting data, and managing government buildings.
Dogecoin’s Outreach and Speculation
Sources say Dogecoin (DOGE) representatives have been talking to several public blockchain teams, including Cardano developers. This rumor exploded after YouTuber Lark Davis hinted that Musk and Cardano founder Charles Hoskinson might be teaming up, and that the US Treasury might use Cardano. He called it “absolutely massive” if true.
Cryptic Clues from Charles Hoskinson
Adding fuel to the fire, Cardano’s founder, Charles Hoskinson, has been dropping cryptic hints on X (formerly Twitter). He rescheduled a “VIP dinner” from late February to early March, calling the meeting “super important.” When asked about the menu, his only response was “diet coke will certainly be on it.”
The Diet Coke Connection?
This Diet Coke comment is interesting because both Donald Trump and Elon Musk have famously talked about their love (or lack thereof) for the drink. Some think Hoskinson’s mention is a subtle nod to one or both of them, suggesting high-profile involvement with Cardano.
Further fueling speculation, a community poll asked who Hoskinson was meeting. Hoskinson responded cryptically: “Could be more than one.”
The Bottom Line
While there’s no official confirmation from DOGE, the US Treasury, or Musk himself, the rumors are persistent. The idea is that they’re exploring if Cardano could handle government operations, from tracking money to managing buildings. At the time of writing, ADA (Cardano’s cryptocurrency) was trading at $0.78.
