• 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

Kaspa Price Faces Resistance and Uncertainty

chest

The Kaspa price is currently attempting to stabilize around the 0.0045 level, but ongoing selling pressure and a lack of buyer confidence are creating uncertainty in the market.

user avatarMiguel Rodriguez

Whales Dump 200 Million XRP, Causing Market Turmoil

chest

A significant selloff of XRP by whales has raised concerns about a potential price crash.

user avatarAisha Farooq

Stellar Expands Beyond Payments into Tokenization and Renewable Energy

chest

Stellar is transitioning from a payment-focused blockchain to a key player in tokenization and renewable energy projects.

user avatarTenzin Dorje

HBAR and AVAX Struggle Amid Declining Interest

chest

HBAR and AVAX are facing challenges as investor interest shifts towards projects with real utility, while their enterprise partnerships and DeFi ecosystems show signs of decline.

user avatarBayarjavkhlan Ganbaatar

Remittix Raises Over $28 Million with 40,000 Holders

chest

Remittix has successfully raised over $28 million and gained more than 40,000 holders, positioning itself as a promising crypto project.

user avatarElias Mukuru

Remittix Launches with Unique Features and Strong Adoption

chest

Remittix is already operational, offering unique features such as direct crypto-to-bank settlements and a deflationary model, attracting significant user interest.

user avatarMohamed Farouk

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.