Elon Musk and Vivek Ramaswamy have been named as the head of DOGE agency.
Donald Trump said that DOGE will focus on improving the efficiency of the government.
Dogecoin has skyrocketed 100% in the past 14 hours, aiming for $0.4.
Dogecoin (DOGE), the largest meme coin in the crypto space, has gained attention following Elon Musk’s announcement of increased transparency for the newly proposed Department of Government Efficiency (DOGE).
In a post on X (formerly Twitter), President-elect Donald Trump confirmed that Musk and Vivek Ramaswamy would head the department. The agency aims to eliminate wasteful spending and reform government operations. It also seeks to streamline public service functions, a move expected to introduce greater efficiency.
pic.twitter.com/Vnk4MCAofY
— Elon Musk (@elonmusk) November 13, 2024
Trump stated that Musk’s leadership would help “dismantle government bureaucracy, reduce excessive regulations, cut wasteful spending, and restructure federal agencies.” Musk added that the initiative would upset those benefiting from inefficiencies while tackling the country’s fiscal challenges.
Musk emphasized the need to address t…
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