Donald Trump has proposed the creation of a new agency, the Department of Government Efficiency, to reduce government spending and regulations.
Trump's Plan for the Department of Efficiency
Donald Trump, the U.S. President-elect, announced the establishment of a new Department of Government Efficiency. Inspired by Dogecoin, the agency aims to cut spending and simplify regulations.
Support from Brian Armstrong
Brian Armstrong, CEO of Coinbase, supported the idea of the Department of Efficiency, noting it could increase economic freedom in the U.S. and reduce government size. Armstrong suggested reducing federal spending by 10% of GDP and creating a U.S. sovereign wealth fund for citizens to invest.
Elon Musk's Appointment
Elon Musk was appointed to lead the new agency, accompanied by entrepreneur Vivek Ramaswamy. They are expected to cut wasteful expenditure and restructure federal agencies, creating a 'Manhattan Project' for our time.
The creation of the Department of Efficiency, led by Elon Musk, has drawn attention to Dogecoin, which has seen a significant price increase following the announcement.
