• 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

Vitalik Buterin Advocates for Decentralized Oracles to Combat Prediction Market Manipulation

chest

Ethereum founder Vitalik Buterin emphasizes the urgent need for decentralized oracles to combat manipulation in prediction markets.

user avatarMaria Fernandez

Decentralized Oracles: Key to Fair and Trustworthy Prediction Markets

chest

Decentralized oracles are essential for ensuring the accuracy and fairness of prediction markets by aggregating data from multiple sources.

user avatarGustavo Mendoza

New Editorial Policy Aims for Enhanced Accuracy and Impartiality

chest

A new editorial policy has been established to ensure accuracy, relevance, and impartiality in reporting.

user avatarRajesh Kumar

Aptos (APT) Develops Bullish Harmonic Pattern, Signaling Potential Price Increase

chest

Aptos (APT) is forming a Bearish Butterfly harmonic pattern, indicating a potential price increase.

user avatarMiguel Rodriguez

Crypto Market Shows Mixed Signals as Bitcoin Gains and Ethereum Declines

chest

The crypto market shows mixed momentum with Bitcoin slightly up by 0.50% and Ethereum down by 2%, creating a fragmented environment for altcoins.

user avatarLuis Flores

Governments Tighten Crypto Tax Regulations Amid Growing Trading Volumes

chest

As trading volumes in the cryptocurrency market rise, governments are tightening regulations on crypto taxation, prompting investors to improve record-keeping and compliance.

user avatarMaria Gutierrez

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.