Elon Musk and Vivek Ramaswamy to Lead DOGE Agency

a day ago

Dogecoin (DOGE), the largest meme coin, gained attention after Elon Musk and Vivek Ramaswamy were appointed heads of the new Department of Government Efficiency (DOGE).

Appointment of DOGE Leaders

President-elect Donald Trump confirmed that Elon Musk and Vivek Ramaswamy will head the DOGE agency, aiming to eliminate wasteful spending and reform government operations.

Statements by Donald Trump and Elon Musk

Donald Trump stated that under Musk's leadership, the agency will focus on reducing bureaucracy, cutting wasteful spending, and restructuring federal agencies. Elon Musk added that the initiative might upset those benefiting from current inefficiencies.

Elon Musk stated that the project's goal is to "address the country's fiscal issues."

Market Reaction of Dogecoin

Following the news, Dogecoin surged 100%, reaching $0.4 in the past 14 hours.

The appointment of Elon Musk and Vivek Ramaswamy as DOGE leaders significantly boosted Dogecoin's value amid promises to improve government efficiency.

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