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

Elon Musk and Vivek Ramaswamy: Reducing Expenses and Reforms in the USA

user avatar

by Giorgi Kostiuk

8 months ago


U.S. President Donald Trump announced the creation of a new Department of Government Efficiency to reduce federal expenses and simplify the regulatory system. The department will be led by Elon Musk and Vivek Ramaswamy.

Creation of the New Department

Donald Trump announced that Elon Musk and Vivek Ramaswamy will head the new Department of Government Efficiency (DOGE). This new agency aims to eliminate excessive bureaucracy, cut down unnecessary regulations, and restructure federal agencies.

Department's Objectives

DOGE will work to reduce government spending of $6.5 trillion and provide advice and guidance both externally and in collaboration with the White House and the Office of Management and Budget for a large-scale structural reform. Trump noted that this could enhance the lives of all Americans.

I look forward to Elon and Vivek making changes to the Federal Bureaucracy with an eye on efficiency and, at the same time, making life better for all Americans.Donald Trump

Impact on the Cryptocurrency Market

Since Trump's presidential win, Dogecoin's price has surged by 150%. This cryptocurrency, favored by Elon Musk, experienced a significant rally right after the elections. Musk, as the head of the new organization, strengthens his ties with Trump, offering a unique approach to government management.

The appointment of Elon Musk and Vivek Ramaswamy to key roles in the government department may significantly impact reforms in the USA and the global economy, while also continuing to strengthen cryptocurrencies' positions in financial markets.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Altcoin Index Hits 30 Following Bitcoin's Historic High

chest

The Altcoin Index has risen to 30 as Bitcoin reaches a new all-time high of $117,000, limiting altcoin season prospects.

user avatarGiorgi Kostiuk

Bitcoin Breaks All-Time High, Rally Confirmed

chest

Bitcoin has hit a new all-time high of $113,800, confirming a bullish trend in the cryptocurrency market.

user avatarGiorgi Kostiuk

BNB Chain Executes 32nd Token Burn, Removing 1.59 Million BNB

chest

The 32nd burn of BNB Chain resulted in a supply reduction of 1.59 million BNB, valued at $1.02 billion.

user avatarGiorgi Kostiuk

Bitcoin Exceeds $118K: Altcoin Mania in the Crypto Market

chest

Bitcoin hits $118K, opening new horizons for altcoins. Ethereum, XRP, and Solana are rising amidst altcoin mania.

user avatarGiorgi Kostiuk

Arthur Hayes Believes Ethereum Will Outshine Bitcoin: Expecting a 'Monster' Altcoin Season

chest

Arthur Hayes predicts significant altcoin growth amid rising Ethereum and market optimism.

user avatarGiorgi Kostiuk

Strategic Kolscan Acquisition by Pump.fun: Implications for Upcoming Token Sale

chest

Pump.fun, a meme token platform, has acquired Kolscan to enhance security and transparency ahead of a $600 million token sale.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

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.