Coinbase CEO Brian Armstrong Supports Trump’s DOGE Plan to Increase Economic Freedom

Brian Armstrong, CEO of Coinbase, recently expressed strong support for the creation of the U.S. Department of Government Efficiency (DOGE), a concept introduced by President-elect Donald Trump. Armstrong, in a post on X on November 17, emphasized that the new agency could significantly enhance economic freedom in the United States by reducing government spending and cutting unnecessary regulations.

Armstrong views the establishment of DOGE as a “lifetime opportunity” to streamline government operations and reign in federal spending, which he believes has grown unchecked in recent years. He suggested that the federal government could reduce its budget by at least 10% of the nation's GDP. Armstrong also pointed out that the U.S. government has more than doubled its spending over the past few years, making a constitutional amendment necessary to restore fiscal balance.

A key part of Armstrong's vision includes creating stronger incentives for Congress members to focus on fiscal responsibility. He proposed that lawmakers who vote for unbalanced budgets should not be eligible for re-election, ensuring that the government remains accountable and works to control spending in the long term.

Additionally, Armstrong suggested the creation of a U.S. sovereign wealth fund where every citizen could contribute and share in the fund’s growth. Surpluses from this fund could be used to pay dividends, further benefiting the American public.

Trump’s Vision for DOGE: Restructuring Government

The idea of DOGE, as outlined by President-elect Donald Trump, aims to reshape the U.S. government by cutting wasteful expenditures, eliminating redundant agencies, and removing unnecessary regulations. The department is inspired by Dogecoin, with Elon Musk appointed as its leader, alongside entrepreneur Vivek Ramaswamy, who is expected to play a key role in driving the agency’s objectives.

Trump has described the creation of the DOGE as a potential game-changer, comparing it to the monumental impact of the Manhattan Project. He believes that DOGE could bring significant reform to the federal government and stimulate long-needed changes in its structure and fiscal policies.

Since the announcement, Dogecoin has experienced a massive surge in value, rising by 163% over the past month alone. The coin’s price has jumped from $0.13 to $0.36, with some analysts predicting that Dogecoin could reach $1 in the near future as the DOGE plan gains momentum.

The combination of political reform, fiscal responsibility, and the increasing popularity of Dogecoin is setting the stage for potential long-term changes in both the crypto and governmental landscapes