President-elect Donald Trump has made Doge, or the Department of Government Efficiency, an official administrative department.
billionaires Ilon Musk and Vivek Ramaswamy will head #DOGE , which has had a huge impact on memcoin #Dogecoin .
headed by President-elect Donald Trump, who favors #cryptocurrencies Doge.
Amidst a flurry of appointments and nominations, Trump announced Tuesday night that the Department of Government Efficiency will "eliminate government bureaucracy, reduce redundant regulations, cut wasteful spending, and restructure federal agencies. The latter ran as the Republican Party's presidential candidate for the 2024 election, but withdrew from the race on May 1.
According to President Trump's announcement, the DOJ will advise on large-scale structural reforms outside the U. S. government and work with the White House and the Office of Management and Budget to take an unprecedented "entrepreneurial approach". Over the past 1 year, Musk has repeatedly talked about deregulation and the need to create
That's what he called the idea of a cost-cutting team. Musk is a known fan of the Dogecoin #meme , and his post about the coin helped it hit a record high of around 00.73 in the summer of 2021.
I'm not very active in cryptocurrencies, Musk said last month. "I like dogecoins, so I joke about dogecoins and stuff. It has dogs and memes because he has a great sense of humor and I like all of that
Dogecoin, which many consider the first meme, was created in 2013 as a joke by software engineers Marcus and Jackson Palmers. In 2014, the dogecoin Foundation was created to protect and support the project. It was revived in 2021 by members of the original core team, as well as new individuals and advisors.
DOGE is now officially part of the U. S. government, said Billy Marcus, one of the creators of the token, which was broadcast Tuesday night.
he said.
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