Cardano is at the center of fresh speculation after reports that Elon Musk, now leading the newly formed Department of Government Efficiency (DOGE) is exploring blockchain technology to simplify federal operations. According to sources cited by Bloomberg, Musk suggested that a digital ledger could provide a cost-effective mechanism to track federal spending, ensure sensitive data, process payments and manage government buildings.
According to sources cited by Bloomberg, representatives of Dogecoin have informally reached out to several public blockchain leaders, including discussions with Cardano developers. The speculation became even bigger after comments from high-profile personality in the crypto community.
On Wednesday, popular YouTuber and crypto commentator Lark Davis ran into new chats, saying: “Elon Musk and Charles Hoskinson reportedly, are rumored to be talking, and USTREASURY will continue to use Cardano. If it is Really, that's definitely huge.”
Tips from the founder of Cardano
Cardano founder Charles Hoskinson has provided mysterious clues on social media over the past few days, seemingly indicating that an important meeting is coming. On Tuesday, he posted on X: “VIP dinner moved to first since the 22nd. So the super important meeting is now early March.”
When the user asked about the dinner menu, Hoskinson simply replied: “Diet Coke will definitely be on top”
Some observers quickly grabbed the dietary Coke reference. It reminiscent of images of President Donald Trump’s famous affinity for drinks – he revived after installing a dedicated “diet coke button” on his first semester and returned to the White House in 2025 it.
As far as Elon Musk is concerned, he has his own history of playful diet Coke reviews. In January, he posted humorously on X: “I used to drink a lot of dieting coke, but it's been a month since it's down. I want to share some of the changes I've observed in myself during that time: My health doesn't Change. I'm not so happy. One of my sources of joy disappeared. Thank you for encouraging me on this trip!”
Some Cardano supporters and cryptocurrency speculators believe that the dietary Coca-Cola mentioned in Hoskinson’s post may be a hint to one of one or two high-profile figures, or it may be a clue that big guys surround it Cardano's blockchain technology is hovering.
Earlier this week, another nod to a potential meeting was expressed through a community poll by user Mintern (@minswapintern). The poll asked: “Charles met a very special bonus ADA this month with a very special person. Who is it? Elon Musk, David Sacks, CZ, a irrelevant person.”
Hoskinson's answer is a secret: “Probably more than one.”
Despite government efficiency, the U.S. Treasury Department or Musk himself has not given official confirmation, the rumors seem to be favorable. The agenda reportedly is to assess whether public blockchain infrastructure, such as Cardano, can serve as the backbone of government operations, from monitoring spending to managing federal property.
At press time, the ADA traded at $0.78.
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