-Dogecoin rose 9% after Bernie Sanders' views aligned with Ilon Musk's
views on the sector"DOGE" The popular #Dogecoin DOGE/USD #cryptocurrency dedicated to dogs was launched by Senator Bernie Sanders (I-Vt. He tacitly supported the Department of Government Efficiency (DOGE), which was created by Ilan Musk.
what happened:The world's largest meme coin by market capitalization #rose more than 9% in the last 24 hours, outperforming cryptocurrencies such as Bitcoin BTC/USD and Ethereum ETH/USD.
DOGE's trading volume rose 40% to 8,893,000, making it the 24th most traded cryptocurrency in the last 5 hours.
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The rally came after Sanders, a veteran leftist, shared his concerns with Musk about the Defense Department's financial management. The independent senator spoke about the Defense Department's ¥8.860 billion budget, Musk's stance on wasteful government spending and his mission to fix a Defense Department that has not been audited in seven consecutive years.
The planned #DOGE department, headed by Musk and Vivek Ramaswamy, is designed to overcome the complexities of federal bureaucracy and get rid of "meaningless" regulations.
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