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  • 2/6/25: The U.S. government onchain? ⛓️🏛️🐻

2/6/25: The U.S. government onchain? ⛓️🏛️🐻

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Top News

  1. Elon Musk proposes putting all U.S. Treasury transactions onchain

  2. Trump’s FDIC chief rethinks crypto guidance amid Senate probe

  3. Berachain mainnet launches today with large airdrop claim

Specs’ Insights

1. Elon Musk proposes putting all U.S. Treasury transactions onchain

⌐◪-◪ → The U.S. government onchain?

Yesterday, Elon Musk, head of the Department of Government Efficiency (DOGE), proposed putting all U.S. Treasury transactions on the blockchain for full spending transparency.

This would allow anyone with an internet connection to audit government spending in real-time—a monumental paradigm shift. Blockchain’s transparency, speed, and cost efficiency could radically modernize how taxpayer dollars are managed. Imagine billions of people scrutinizing every dollar spent.

But the idea has sparked debate about feasibility and legality. While transparency is key, there may need to be exceptions for sensitive military R&D or classified national security projects.

In my view, putting government spending on-chain is inevitable. The bigger question: which blockchain will they choose?

2. Trump’s FDIC chief rethinks crypto guidance amid Senate probe

⌐◪-◪ → Crypto vibes in Washington are shifting hard.

The FDIC is revising its guidelines on cryptocurrency, potentially allowing banks to engage in crypto activities like custody and ‘tokenized deposits.’ This is happening alongside Senate Banking hearings investigating Operation Chokepoint 2.0, which debanked individuals and industries based on political or ideological grounds.

In a surprising turn, even crypto skeptic Sen. Elizabeth Warren pledged to work with Donald Trump and Senate Republicans to end debanking practices—signaling a seismic vibe shift.

Crypto is no longer just a niche. It’s clear we’re entering a golden era for crypto in the U.S., where institutions and regulators are finally starting to embrace this industry instead of fighting it. The future looks brighter than ever.

3. Berachain mainnet launches today with large airdrop claim

⌐◪-◪ → The new chain with a $632M airdrop frenzy.

The long-awaited Berachain is officially live with its unique Proof-of-Liquidity (PoL) consensus mechanism. Alongside its launch came a massive token airdrop worth $632M. One lucky user reportedly received 1.4M $BERA tokens, valued at $30M at a $10B FDV.

If you think you’re eligible, you can check at checker.berachain.com by connecting your X account (read-only).

While airdrops are great for hype, most tokens are usually dumped and rotated back into established ecosystems. The long-term impact is questionable, and most of these tokens trend to zero.

Personally, I’m more intrigued by Berachain’s Proof-of-Liquidity mechanism, where validators provide liquidity to secure the network. Could this be a game-changing alternative to Proof-of-Stake or Proof-of-Work? Only time will tell.

Everything Else

📈 Market Snapshot

⛓️ Crypto & DeFi

🏦 Wall Street & VC

🏛️ Legal & Regulatory

🌎 Rest Of The World

🖼️ NFTs & Metaverse

  • Solana meme coins TRUMP, VINE see double-digit gains

  • Bera NFTs surge 6.9% as investors claim Berachain airdrop

  • PAIN presale gives back 80% of its funds ahead of launch

  • Telegram mandates TON Connect, restricting apps on TON blockchain

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