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🗞️ Washington D.C. is Getting REKT by DOGE
What impact could this have on crypto?
Hello, this is Coinscript.
In today’s episode:
✍️ Washington D.C. is Getting REKT by DOGE
TOP STORY
Washington D.C. is Getting REKT by DOGE
Elon Musk’s DOGE (Department of Government Efficiency) is slashing thousands of federal jobs, cutting spending at record levels, and reshaping Washington, D.C., like a failing startup.
Sounds crazy, right? Well, it’s happening—and crypto might be the biggest winner.
Let us explain…
Since Musk took over the Department of Government Efficiency (DOGE), job cuts have been happening at an insane pace.
15,000 IRS workers are getting prepared to get laid off in the next week.
3,600 Health and Human Services employees? Fired.
Up to 70% of the Office of Personnel Management? Musk says it’s “dead weight” and has plans to shrink it massively.
And the numbers are brutal. Unemployment filings in D.C. are now at their highest level since 2008, up 55% in just six weeks.
D.C. is getting the worst of it
Over 15% of federal workers currently work in Washington D.C., which is the most of any city in the U.S.
This also makes D.C. the most vulnerable to these mass government lay-offs.
With thousands of government workers losing jobs, many are rushing to sell their homes.
Home prices have dropped by 20% in Washington D.C. since November 2024, and listings are up 23% yoy.
If Musk keeps cutting jobs at this pace, the D.C. housing market could fully collapse—triggering another real estate crisis.
So… What Does This Mean for Crypto?
Now here’s where things get interesting. Whenever the traditional system starts breaking down, crypto thrives.
Here are some of the possible outcomes:
Bitcoin as Digital Gold – With government jobs disappearing and trust in the system crumbling, Bitcoin is emerging as a safe haven.
We’ve seen this before…
2020 pandemic stimulus? BTC exploded.
Bank collapses in 2023? Another BTC surge.
Stablecoins Will Become Essential – As banks tighten their grip and government agencies become unreliable, USDT and USDC will likely see massive adoption.
DeFi Will Explode as Traditional Lending Shrinks – With DOGE shutting down government-backed programs, people will look for alternative lending options. DeFi platforms like Aave and MakerDAO could see a flood of users.
DOGE Is Also Weakening Crypto Regulations
Here’s the unexpected twist—DOGE’s budget cuts are also hitting the agencies that regulate crypto.
The IRS is losing 15,000 employees → Less tax enforcement on crypto transactions.
SEC and CFTC are under pressure → Fewer lawsuits, less scrutiny on exchanges and DeFi projects.
With fewer watchdogs in place, crypto may have one of its biggest regulatory free windows in years.
Will This Spark Crypto’s Next Bull Run?
Elon Musk’s DOGE department is slashing spending at the rate of $4 billion per day, aiming for the biggest government downsizing in U.S. history.
If all of this plays out, we could see:
âś… Bitcoin skyrocketing as a hedge against economic collapse.
âś… Stablecoins becoming the go-to digital alternative to banks.
âś… DeFi thriving as traditional lending tightens.
âś… A regulatory loophole allowing crypto to grow unchecked.
Washington D.C. may be imploding under DOGE’s rule, but for crypto? This might just be the beginning of something massive.
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HONORABLE MENTION
Javier Milei Just DESTROYED the Memecoin Market
Argentinian President Milei launched a memecoin, $LIBRA, for "the growth of their economy."
Within 5 hours, over -$4.4 BILLION of market cap was erased.
Is this the biggest rug pull in history?
Argentine lawyers are now charging President Milei with fraud for promoting a crypto token that turned into a rug pull, according to AP.
Remember, you can’t get scammed if you don’t buy scams!
All jokes aside, be careful with buying meme coins, they will most likely change your lunch from pasta to instant noodles.
Meme of the Day 🤣

source @naiivememe
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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.