ELON MUSK TO LEAD DOGE — THE US DEPARTMENT OF GOVERNMENT EFFICIENCY
Billionaire Elon Musk and former US presidential candidate Vivek Ramaswamy will lead the new Department of Government Efficiency (DOGE) in the US government.
Its task will be to reform the government to reduce administrative costs and fight bureaucracy. DOGE will take an “entrepreneurial approach” and offer a fresh look at the work of the US government apparatus.
To do this, some government agencies will be abolished, while others will have their staff reduced. The necessary reforms were promised to be carried out by July 4, 2026 — the 250th anniversary of the Declaration of US Independence.
“Together, these two great Americans will pave the way for my administration to eliminate government bureaucracy, reduce unnecessary regulations, reduce wasteful spending, and restructure federal agencies,” Trump said.
Both DOGE executives have shown themselves to be anti-regulators. Ramaswamy has spoken out against the introduction of a CBDC and condemned the government for sanctioning crypto mixer Tornado Cash.
