Coinbase CEO Advocates for U.S. Government Efficiency with DOGE Department

Coinbase CEO Brian Armstrong has expressed his support for the recently established United States Department of Government Efficiency (DOGE).

The department, which will be led by Tesla’s CEO Elon Musk and entrepreneur Vivek Ramaswamy, is part of a broader effort to optimize federal spending and improve efficiency.

In mid-August, President-elect Donald Trump suggested the possibility of appointing Musk to a high-level government role, though the specific department was not immediately clear. By November 13, Trump officially named Musk and Ramaswamy to head DOGE, signaling a commitment to reforming federal operations by cutting unnecessary expenditures and overhauling bureaucratic structures.

Armstrong views the creation of DOGE as an opportunity to enhance economic freedom in the U.S. In a post on X, he emphasized the potential of the new agency to boost economic efficiency and suggested constitutional amendments to curb government spending.

Armstrong proposed a cap of 10% of GDP on total government expenditure, arguing that such a measure would prevent unchecked growth in government spending driven by political promises.

He also proposed the creation of a sovereign wealth fund for U.S. citizens, with profits from budget surpluses being distributed as dividends, giving every citizen a stake in the nation’s fiscal health.