Elon Musk said his “DOGE team” of government efficiency enforcers is shutting down some payments to federal contractors, suggesting that the world’s richest man may have access to sensitive systems used at the US Treasury Department.

Elon Musk, the lead of the Department of Government Efficiency, backed the idea of using blockchain technology on Sunday to streamline the U.S. Treasury. What happened: The Tesla and SpaceX CEO accused the Treasury Department officials of flouting rules to sanction government payments.

Elon Musk has confirmed he wants to put the U.S. Treasury on a blockchain, the technology that underpins bitcoin and other

DOGE, which is run by President Trump's billionaire adviser and Tesla CEO Elon Musk, has gained access to sensitive Treasury data.

The system disbursed more than $5 trillion in FY2023. 'These payment systems simply cannot fail,' says Sen. Ron Wyden, who voiced concern about Musk's conflicts of interest.

The Department of Government Efficiency, run by President Donald Trump's billionaire adviser and Tesla CEO Elon Musk, has gained access to sensitive Treasury data including Social Security and Medicare customer payment systems,

The system distributes entitlement benefits, grants and tax refunds. Treasury Secretary Scott Bessent approved the move affecting representatives of Elon Musk’s Department of Government Efficiency.

Treasury Secretary Scott Bessent gave Mr. Musk’s representatives at the so-called Department of Government Efficiency a powerful tool to monitor and potentially limit government spending.