In a surprising turn of events, President Biden’s administration faces challenges surrounding the Social Security program, particularly concerning the influence of billionaire entrepreneur Elon Musk. Musk has recently been linked to speculative proposals pushing Dogecoin as a viable currency for Social Security payments. On February 17, 2025, both the Washington Post and the New York Times reported that such connections have raised eyebrows among critics and supporters alike. Notably, recent statements from Musk’s team suggest that there is an intention to explore unconventional means of reforming Social Security, namely through cryptocurrency. This comes amid the resignation of acting Social Security Commissioner Kilolo Kijakazi, who stepped down unexpectedly earlier this week, stoking further uncertainty around the future of the program. Critics argue that incorporating a volatile cryptocurrency such as Dogecoin, which has seen enormous fluctuations in value, could jeopardize the financial stability of Social Security. As the debate heats up, some proponents believe that utilizing such digital currencies may offer innovative solutions to the program’s ongoing funding issues. The discussions surrounding these developments have incited various opinions from lawmakers, with some expressing skepticism towards Musk’s influence while others advocate for greater experimentation within federal programs. The crossroads of finance and policy continue to evolve under Musk’s unconventional vision, leaving the future of Social Security in a precarious state. ‘We need to think creatively about how to secure the future of Social Security,’ one sourced lawmaker stated, reflecting the divided sentiment on Musk’s proposals. As these discussions ensue, the impact of cryptocurrency on public welfare systems remains a pivotal point of contention.
Musk’s Unprecedented Influence on Social Security: Acting Commissioner Steps Down Amid Speculative Dogecoin Connections
