Donald Trump

Elon Musk

US President-elect Donald <a href="https://insidebitcoins.com/news/bitcoin-blasts-past-81k-sending-meme-coins-into-orbit-amid-trump-election-win-bull-run" rel="noopener noreferrer nofollow">Trump</a> has confirmed that Tesla founder and billionaire Elon Musk will lead a new Department of Government Efficiency (DOGE) alongside Strive Enterprises co-founder Vivek Ramaswamy.
“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 wrote in an announcement shared in a Nov. 3 <a href="https://x.com/TrumpWarRoom/status/1856500025037037606" rel="noopener noreferrer nofollow">post</a>&nbsp;on X
<img decoding="async" src="https://image.cnbcfm.com/api/v1/image/107260606-1687408024023-gettyimages-1258742027-AFP_33K29V6.jpeg?v=1693365404&amp;w=1858&amp;h=1045&amp;vtcrop=y" alt="Elon Musk says Twitter cash flow remains negative with 'heavy debt'">
<h2 id="span-style-font-weight-400-doge-to-drive-large-scale-structural-reform-span">DOGE To Drive Large-Scale Structural Reform</h2>
Trump said that the new department will push for large-scale structural reform from outside of the US government. It will also take an “entrepreneurial approach” when it engages with both the White House and Office of Management and Budget, the announcement said.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 When Elon &amp; Vivek of DOGE arrive in DC <a href="https://t.co/nEk2un8d82" rel="noopener noreferrer nofollow">pic.twitter.com/nEk2un8d82</a>
 — K10.13✨ (@Kristennetten) <a href="https://twitter.com/Kristennetten/status/1856530296289767569?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 13, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Trump added that both Musk and Ramaswamy will tackle the “massive waste and fraud” in $6.5 trillion of annual government spending in the US, and will complete their work no later than American Independence Day on July 4, 2026. 
He believes that this will be “the perfect gift to America on the 250th Anniversary of the Declaration of Independence.”
Before the DOGE department can become an official government department, it will have to be established through Congress.&nbsp;
<h2 id="span-style-font-weight-400-dogecoin-soars-on-elon-musk-appointment-span">Dogecoin Soars On Elon Musk Appointment</h2>
The news that Musk, who is also known as the Doge Father because of his affection for Dogecoin, will be appointed to lead a new government department under the Trump presidency sent the <a href="https://insidebitcoins.com/news/dogecoin-doge-price-prediction-will-dogecoins-rally-push-it-to-1" rel="noopener noreferrer nofollow">DOGE</a> price soaring. 
The confirmation of the new department, whose acronym is the ticker of the leading meme coin, caused the crypto’s price to rise to a high of $0.4122 in the last 24 hours.
Despite undergoing a correction to <a href="https://coinmarketcap.com/currencies/dogecoin/" rel="noopener noreferrer nofollow">trade</a> at $0.3633 as of 2:49 a.m. EST, DOGE is still up more than 75% on the weekly time frame. Dogecoin also experienced a 42% surge in trading volumes during the past 24 hours.
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Donald Trump Appoints Elon Musk And Vivek Ramaswamy To Lead Department Of Government Efficiency (DOGE), ”Dismantle Government Bureaucracy”

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