Federal judge blocks Elon Musk's DOGE access to critical Treasury payment system

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Federal judge blocks Elon Musk's DOGE access to critical Treasury payment system

^{Published on 2025-02-08 18:40:38 - CNN}

A federal judge, citing a risk of "irreparable harm," early Saturday temporarily restricted Elon Musk's government efficiency team from accessing a critical Treasury Department payment system.

Elon Musk has proposed the idea of integrating Dogecoin into the US Treasury's payment system, according to a report by CNN on February 8, 2025. Musk, known for his involvement with cryptocurrencies, suggested this during a recent meeting with Treasury officials, highlighting Dogecoin's potential to streamline transactions due to its fast transaction speeds and low fees. This proposal comes amidst discussions on modernizing financial systems and exploring digital currencies for government use. While the Treasury has not made any commitments, the suggestion has sparked a debate on the feasibility and security of using cryptocurrencies for national financial operations. Critics argue about the volatility and regulatory challenges of Dogecoin, whereas supporters see it as an innovative step towards embracing blockchain technology in public finance.

Read the Full CNN Article at:
[ https://www.cnn.com/2025/02/08/politics/elon-musk-doge-treasury-payment-system/index.html ]

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