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

Elon Musk and Vivek Ramaswamy Lead Department of Government Efficiency

user avatar

by Giorgi Kostiuk

a year ago

The U.S. President-elect Donald Trump appointed Elon Musk and Vivek Ramaswamy as co-leaders of the new Department of Government Efficiency (DOGE).

Appointment of Musk and Ramaswamy

Elon Musk and Vivek Ramaswamy will head the creation and operation of a new department aimed at enhancing government efficiency and reducing unnecessary spending.

To drive this kind of drastic change, the Department of Government Efficiency will provide advice and guidance from outside of Government, and will partner with the White House and Office of Management & Budget to drive large-scale structural reform.Donald Trump

The Idea Behind DOGE

The department's role is to streamline and optimize the functioning of U.S. government agencies. Donald Trump likened the initiative to the Manhattan Project, the U.S. program to develop the atomic bomb, and emphasized the need to cut costs.

Impact on Elon Musk and Dogecoin

Elon Musk’s involvement in government projects could increase the market value of his companies. The department's influence has already been felt in the value of Dogecoin, which has significantly increased. The acronym 'DOGE' has also sparked interest in the cryptocurrency of the same name.

The Department of Government Efficiency, led by Elon Musk and Vivek Ramaswamy, aims to improve government management and save budget funds, facing both support and criticism.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Theta Network Enhances Its Ecosystem with Technical Upgrades.

chest

Theta Network has announced a series of technical upgrades in November 2025, including the release of Guardian Node version 4.11 and an upgraded AI Discord bot to enhance user experience and maintain its technical edge in the blockchain space.

user avatarAisha Farooq

Binance Launches Binance Prestige for Ultra High-Net-Worth Clients.

chest

Binance has launched Binance Prestige, a concierge service for investors managing $10 million or more in digital assets, offering tailored support and tools similar to private banking.

user avatarBayarjavkhlan Ganbaatar

Bybit Announces Tick Size Updates for Spot Trading Pairs

chest

Bybit has confirmed updates to tick sizes for certain spot trading pairs effective January 2, 2025, aimed at enhancing trading precision and liquidity.

user avatarTenzin Dorje

Ethereum's Address System Makes Users Vulnerable to Quantum Attacks.

chest

Ethereum's address system exposes users to quantum attacks by revealing public keys after transactions, highlighting the need for careful address management.

user avatarMohamed Farouk

Top AI and Big Data Projects Ranked by Development Activity

chest

In its latest report, Santiment has ranked the top 10 AI and Big Data projects based on their development activity over the past month.

user avatarElias Mukuru

GBPUSD Pair Breaks Key Resistance Levels Amid Short Squeeze

chest

The GBPUSD pair has broken through key resistance levels, triggering stop-loss orders and forcing short sellers to exit their positions.

user avatarKenji Takahashi

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.