• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Elon Musk and Vivek Ramaswamy Appointed Heads of the New Department of Government Efficiency

user avatar

by Giorgi Kostiuk

a year ago

President Donald Trump has announced the formation of a new Department of Government Efficiency, to be led by Elon Musk and Vivek Ramaswamy.

Appointment of Musk and Ramaswamy

Elon Musk and Vivek Ramaswamy have been appointed to lead the new Department of Government Efficiency, focused on optimizing federal operations. Musk, a notable Trump supporter, who significantly contributed to the election campaign, proposed the department.

Department's Role and Reform Plans

The new department, proposed by Musk, is set to implement large-scale reforms in government institutions. It is expected to adopt an entrepreneurial approach, collaborating with the White House and the Office of Management and Budget to introduce innovations.

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.Donald Trump

Impact on Cryptocurrency Market

Trump's election victory has pushed Bitcoin to a new record high, driven by expectations of changes in the cryptocurrency sector. The price of Dogecoin, humorously named after the meme cryptocurrency, also saw a sharp rise.

The appointment of Musk and Ramaswamy to leadership positions in the new department may lead to significant changes in governmental processes and the cryptocurrency sector.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Mixin Network Announces Compensation Plan for Hack Victims

chest

Mixin Network has initiated a debt registration and repayment process for users affected by the September 2023 hack, offering compensation in stablecoins and tokenized claims.

user avatarDavid Robinson

Mixin Hacker Wallet Transfers $385 Million to Tornado Cash

chest

A wallet linked to the 2023 Mixin hack has transferred $385 million to a new wallet, which then sent the funds to Tornado Cash.

user avatarAndrew Smith

Goldman Sachs Invests Heavily in Solana Spot ETFs

chest

Goldman Sachs has made substantial investments in Solana Spot ETFs, totaling approximately $108 million, indicating a growing interest in altcoins and a shift towards broader crypto adoption by traditional financial institutions.

user avatarJacob Williams

Connecticut Man Accused of Defrauding Crypto Investors

chest

Elmin Redzepagic, a 24-year-old from Connecticut, is accused of defrauding crypto investors out of nearly a million dollars, which he allegedly gambled online. He faces multiple charges including wire fraud and money laundering.

user avatarZainab Kamara

Hackers Exploit Workforce Monitoring Tool for Ransomware Attacks

chest

Hackers exploit workforce monitoring tool Net Monitor for Employees Professional to deploy ransomware.

user avatarSon Min-ho

JPMorgan Sticks to $266,000 Bitcoin Target Despite Mining Challenges

chest

JPMorgan maintains its long-term Bitcoin price target of $266,000 despite mining challenges.

user avatarAyman Ben Youssef

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.