Coinbase CEO Brian Armstrong has expressed optimism about the recently announced Department of Government Efficiency (DOGE), which will be led by Elon Musk and Vivek Ramaswamy. The new department, aimed at reducing federal spending and cutting regulations, aligns with Armstrong's views on enhancing economic freedom in the U.S. He suggested that the founding fathers may have overlooked incentives that increase government size and proposed constitutional amendments to limit government spending, proposing a cap of 10% as a potential figure. Armstrong also advocated for a sovereign wealth fund to ensure every citizen has a stake in the economy, which could provide dividends from budget surpluses. The announcement of the DOGE department and its correlation with Dogecoin led to a surge in the meme token's price, reaching a high of $0.39 after the elections. This suggests a significant public interest in the intersection of cryptocurrency and government initiatives.

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