Senator Elizabeth Warren outlines $2 trillion DOGE savings while raising alarms over Trump memecoins
Senator Elizabeth Warren has called for responsible government spending and stricter regulations on cryptocurrencies. In a letter to Elon Musk, she proposed 30 strategies to save $2 trillion in federal spending over the next decade, emphasizing the protection of Medicare and Social Security while reducing waste. Her recommendations include closing tax loopholes for the wealthy, taxing capital gains on estates, and fully funding the IRS to enhance tax collection and services. Warren also highlighted potential savings from healthcare pricing reforms and reducing inefficiencies in defense contracts. In a separate letter, Warren urged US financial regulators to investigate ethical concerns regarding Trump-themed meme tokens, TRUMP and MELANIA. She expressed concerns that these volatile assets could allow foreign entities to influence US politics and warned that they might exploit Trump's political fortunes. Warren criticized the potential conflict of interest if Trump were to appoint regulators overseeing the crypto industry, arguing that these tokens could harm his supporters.
