Trump Establishes Department of Government Efficiency (DOGE) Led by Musk and Ramaswamy as Dogecoin Surges

Nov 13, 2024, 07:21 PM

President-Elect Donald J. Trump has officially established the Department of Government Efficiency (DOGE), appointing Elon Musk and Vivek Ramaswamy as its leaders. The department aims to address government inefficiencies and reduce wasteful spending. An official account for DOGE has been launched on X (formerly Twitter), where updates and actions taken by the department will be posted. The announcement has coincided with a notable rise in Dogecoin's value, reflecting the cryptocurrency's connection to Musk's ventures. The new department's page is expected to serve as a platform for transparency and accountability in government operations.