Parabolic Spike In The Cards For Dogecoin As Trump Confirms Elon Musk To Lead D.O.G.E. Agency
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On Nov. 12, President-elect Donald Trump announced that he had officially picked eccentric Tesla/SpaceX CEO Elon Musk and Strive Enterprises co-founder Vivek Ramaswamy to lead the new administration’s Department of Government Efficiency, a concept conveniently abbreviated as D.O.G.E.
Elon Musk And Vivek Ramaswamy Take On D.O.G.EDonald Trump has tapped Musk and Vivek Ramaswamy to head the newly created D.O.G.E agency, which seeks to tackle federal inefficiency head-on by cutting bureaucracy, reducing regulations, and restructuring agencies.
“Together, these two wonderful Americans will pave the way for my Administration to dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies,” Trump declared in his announcement on X, describing the move crucial to the “Save America” movement.
Trump further noted that the upcoming department will work from outside the government to provide guidance and advice to propel large-scale structural reform and take an unprecedented “entrepreneurial approach” as it collaborates with the White House and Office of Management and Budget.
Musk has previously discussed his brainchild D.O.G.E government agency while appearing at Trump’s campaign rallies, which fueled a lot of attention and interest in the OG memecoin Dogecoin.
In a Tuesday evening post to X, Musk said all Department of Government Efficient actions will be posted online for maximum transparency.
“Anytime the public thinks we are cutting something important or not cutting something wasteful, just let us know,” Musk added. “We will also have a leaderboard for [the] most insanely dumb spending of your tax dollars.