According to data from the International Monetary Fund (IMF), total global government debt now accounts for over $102 trillion.
Binance co-founder Changpeng Zhao (CZ) echoed calls for government transparency by bringing all public spending onchain in every country.
CZ chimed in following reports of Elon Musk and the Department of Government Efficiency (DOGE) exploring blockchain to track government spending and reduce the federal deficit in the United States. CZ wrote in a Jan. 25 X post:
The potential of onchain tracking of government spending sparked an online discussion and garnered the support of small-government and sound money advocates calling for fiscal accountability and transparency.
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