Elon Musk’s DOGE team in discussions with Movement as part of its blockchain strategy

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Cryptobriefing2025/01/28 18:00

By:Cryptobriefing

Key Takeaways

Musk’s DOGE team is exploring Movement Blockchain as a potential platform for its blockchain-based transparency initiatives.
Movement Blockchain's token MOVE rose 15% after being linked to Musk's DOGE initiative.

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Elon Musk is reportedly considering Movement Blockchain as a potential platform for his DOGE initiative, which aims to leverage blockchain technology for enhanced transparency and cost reduction in government operations.

A Bloomberg report released on Sunday revealed that Musk has discussed using blockchain to track federal spending, secure data, streamline payments, and manage government-owned infrastructure.

A post on X released earlier today by db, tier10k, highlighted that Movement Blockchain is among the firms currently in discussions with Musk’s DOGE team to explore blockchain solutions.

Movement Blockchain is a Layer 2 solution on Ethereum, utilizing zero-knowledge (ZK) rollup technology to enhance scalability and security.

Sources familiar with the matter confirmed that DOGE representatives are evaluating Movement alongside other public blockchains for their technological capabilities and potential to drive efficiency.

The DOGE initiative views blockchain as a way to reduce fraud, waste, and abuse in government programs, aligning with Trump’s campaign focus on cutting the deficit.

Earlier today, Trump’s World Liberty Financial (WLFI) acquired Movement Blockchain’s native token, MOVE, for its decentralized finance project.

The token surged 15% in value after WLFI’s purchase and the db report linking Movement Blockchain to Musk’s DOGE team.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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