On May 30, 2025, a press conference was held in the Oval Office featuring Donald Trump and Elon Musk. This event marked the end of Musk's role in the US government.
Oval Office Conference
During the press conference on May 30, 2025, Elon Musk stated, 'As my scheduled time as a Special Government Employee comes to an end, I would like to thank President @realDonaldTrump for the opportunity to reduce wasteful spending.'
Saved Funds and Economic Efficiency
Musk concluded his efforts in reducing government spending, which saved approximately $150 billion. This initiative was part of his role in the Trump administration as a Special Government Employee.
Dogecoin Market and Musk's Influence
As of Musk's departure, Dogecoin is trading at $0.21 with a market cap of $31.75 billion. While there was no immediate impact on the market, Musk's historical influence on DOGE has caused price shifts in the past.
With Musk leaving the government, his influence on Dogecoin might diminish, although his ongoing media presence will remain a significant factor for the market.
