Cardano is at the center of fresh speculation after reports emerged that Elon Musk—now heading the newly formed Department of Government Efficiency (DOGE)—is exploring blockchain technology to streamline federal operations. According to sources cited by Bloomberg, Musk has suggested that a digital ledger could offer a cost-efficient mechanism for tracking federal spending, securing sensitive data, processing payments, and managing government buildings.
According to sources cited by Bloomberg, representatives of Dogecoin (DOGE) have informally reached out to leaders of several public blockchains, including discussions with Cardano developers. The speculation has grown louder following remarks from high-profile personalities within the crypto community.
On Wednesday, popular YouTuber and crypto commentator Lark Davis touched off a new wave of chatter, saying: “Elon Musk and Charles Hoskinson reportedly, you know, rumor is that they’re going to talk and that the USTreasury is going to go on Cardano. If it is true, it’s absolutely massive.”
Hints From The Cardano Founder
The founder of Cardano, Charles Hoskinson, has offered cryptic clues on social media over the past few days, seemingly suggesting a significant meeting is on the horizon. On Tuesday, he posted on X: “VIP dinner got moved from the 22nd to the 1st. So the super important meeting is early March now.”
When a user inquired about the dinner menu, Hoskinson simply replied: “diet coke will certainly be on it”
Some observers quickly seized on the Diet Coke reference. It conjures images of President Donald Trump’s well-known affinity for the beverage—he had a dedicated “Diet Coke button” installed on the Resolute Desk during his first term, and upon returning to the White House in 2025, he had it reinstated.
Elon Musk, for his part, has his own history of playful Diet Coke commentary. In January, he humorously posted on X: “I used to drink tons of Diet Coke but it’s been one month since I’ve had a drop. I want to share some of the changes I’ve observed in myself over that time:My health is unchanged. I’m less happy. My one source of joy is gone. Thanks for encouraging me on this journey!”
Some Cardano supporters and crypto speculators believe the mention of Diet Coke in Hoskinson’s post could be an allusion to one or both of these high-profile figures—or possibly a clue that bigger names are circling around Cardano’s blockchain technology.
Another nod toward a potential meeting surfaced through a community poll by user Mintern (@MinswapIntern) earlier this week. The poll asked: “Charles is meeting someone very special this month end to pump $Ada. Who is it? Elon Musk, David Sacks, CZ, Someone irrelevant.”
Hoskinson responded with a cryptic: “Could be more than one.”
Though no official confirmation has been given by the Department of Government Efficiency, the US Treasury, or Musk himself, the rumor appears to be well founded. The rumored agenda is reportedly to assess whether public blockchain infrastructure—like Cardano—could serve as the backbone for governmental operations, from monitoring expenditures to managing federal properties.
At press time, ADA traded at $0.78.
Featured image created with DALL.E, chart from TradingView.com
