Elon Musk has been appointed head of the Department of Government Efficiency (D.O.G.E.) by Donald Trump.
During a speech at the New York Economic Club, the Republican political candidate accepted Elon’s suggestion to establish a Commission capable of conducting financial audits and making recommendations for significant reforms.
Trump has decided at the same time that the patron of Tesla would be the perfect figure to lead the federal task force, given the bond that exists between the two.
Let’s see all the details below.
Elon Musk appointed by Donald Trump as supervisor of the Government Efficiency Commission
Elon Musk, historic supporter of Dogecoin, has just been appointed head of a Commission established by Donald Trump that takes the same acronym as the crypto (DOGE). The news arrived yesterday during a speech by the presidential candidate at the New York Economic Club, where he usually makes interventions for his campaign.
In particular Trump accepted the advice of the same Texan entrepreneur, in which he proposed to launch a Department for government efficiency.
This federal body, if the republican is elected, will have a key financial role in the direction of the next government.
Musk has accepted Trump’s nomination by posting the following words on X:
“I can’t wait to serve America if the opportunity arises.”
TRUMP: “At the suggestion of Elon Musk — I will create a Government efficiency Commission tasked with conducting a complete financial and performance audit of the entire federal government and making recommendations for drastic reforms. Elon.. has agreed to head that task force” pic.twitter.com/a48F9RUC1f
— ALX 
(@alx) September 5, 2024
The DOGE commission, which has nothing to do with Dogecoin, will respond to the federal spending issues of the Trump administration.
Who better than Elon Musk, the richest person in the world with a wealth of 246 billion dollars, could have managed a similar federal task force.
The role of this organization is linked to the conduct of financial audits and the formulation of bull drastic reforms.
The department will seek to eliminate frauds and improper payments in its first six months. Its presence could have a monumental impact on the current federal spending crisis that has brought the United States debt to 35 trillion in 2024.
According to the Reuters Report, Trump had already expressed his concerns in recent weeks about a reckless management of the government’s financial efficiency.
Now if he were to win the elections, there could be an instant paradigm shift, driven by Musk’s suggestions.
Elon Musk and X against Kamala Harris’s censorship of expression
The fact that Elon Musk, defender of the Dogecoin meme, has been chosen as the top overseer of the Trump government’s Commission, does not surprise bull much.
The two are in fact linked by similar political interests, and they have the common goal of hindering the path of the democratic rival Kamala Harris.
Musk is worried that Joe Biden’s successor might limit freedom of expression, which is a fundamental value for the social media X.
Often the democratic party has taken a stand against the strong themes and violent tones of the platform, calling for a limitation of the contents.
Think even that until recently, when Twitter was still managed by Jack Dorsey, Donald Trump’s profile had been banned. Once the head of Tesla acquired the company, the republican was immediately re-introduced to free dialogue.
NEW: Elon Musk warns that free speech may not exist if Kamala Harris, who was a strong supporter of removing Trump from Twitter, gets into office.
Here are some attacks on free speech that have taken place this past month:
1. Brazil announces anyone using a VPN to access X will… pic.twitter.com/gmbWYGdmUh
— Collin Rugg (@CollinRugg) August 30, 2024
The bond between Trump and Musk might therefore not be driven by sympathy, but rather by political and entrepreneurial interests.
If the democrats were to win, there would be some negative implications for Elon’s companies. Additionally, he would be limited in supporting what represents the hub of free content in the United States, where almost everything is discussed.
X risks being strongly hindered by the potential future Harris administration, and the investment of 44 billion by its current head could go down the drain.
Regarding Harris’s tendency towards censorship, Elon Musk recently stated that the politician wants to destroy the right to freedom of speech.
Kamala wants to destroy your right to free speech under The Constitution https://t.co/oJN5T8nPLn
— Elon Musk (@elonmusk) September 5, 2024
In the world of finance, the terms “bull” and “bear” are often used to describe market trends. A “bull” market is characterized by rising prices, while a “bear” market is marked by falling prices. Investors need to understand these concepts to make informed decisions. Dogecoin and the crypto arrive at the White House with Donald Trump
After Elon Musk was appointed head of the Department for Government Efficiency by Donald Trump, Dogecoin and the crypto sector could take the decisive step.
Already by itself Trump has repeatedly expressed his support for the cryptographic industry, historically fought by the democratic faction.
In his recent election campaign speeches, the candidate stated that he intends to make Bitcoin a strategic reserve of the Nation if he is elected.
He would similarly fire Gary Gensler from the role of head of the SEC, given that the federal agency has severely attacked US cryptographic companies in recent years.
Trump intends to fully support the crypto revolution (at least as promised) by promoting blockchain technology as a whole.
Recently, he also launched a DeFi project together with his children called World Liberty Financial, although the details of the application are not yet known.
JUST IN: Donald Trump says “instead of attacking industries of the future, we will embrace them, including making America the world capital for crypto and #Bitcoin.” pic.twitter.com/OsGd3i5WdQ
— Bitcoin Magazine (@BitcoinMagazine) September 5, 2024
With the presence of Elon Musk, cryptos like Dogecoin could make the leap in quality, proposing themselves within the White House.
As the director of the Commission for financial audits, there are possibilities that the entrepreneur may include DOGE in his supervision plan.
We do not yet know how crypto might come into contact with the expenses of the republican government. In any case, Musk has repeatedly made known his desire to make the Dogecoin community more popular.
This could be the right opportunity, with Trump representing the favorite candidate for the role of 47th president of the United States.
