Musk’s blockchain proposal sparks legal, economic, and market instability concerns. Crypto markets tumble as Musk’s Treasury access fuels investor uncertainty. Experts warn blockchain integration may weaken the US dollar’s global dominance. Elon Musk set off controversy with a bold proposal to shift the US Treasury onto blockchain technology. His plan comes after a dramatic weekend during which he reportedly accessed sensitive Treasury data, including Social Security and Medicare records. Although he only has “read-only” access, concerns have surfaced over the security of personal information. Musk argues that Treasury officials routinely approve questionable payments, and that blockchain could offer a clear record of accountability. However, his proposal has sparked strong opposition, legal challenges, and market instability. The crypto sector reacted poorly, with major digital assets suffering sharp declines. While Musk claims that blockchain integration would cut costs, critics warn of economic risks and a weakened US dollar. Elon Musk has "confirmed he wants to put the U.S. Treasury on a blockchain," per Forbes. — unusual_whales (@unusual_wh… The post Musk Proposes Moving Treasury to Blockchain, Stirring Fierce Debate appeared first on Coin Edition .
