Donald Trump declares war on bureaucracy: Elon Musk and Vivek Ramasway head DOGE

DOGE in the middle of a dream … Newly re-elected President Donald Trump unveiled a plan to reform America’s bureaucracy: a “Ministry of Government Efficiency” called DOGEheaded by two extremely wealthy emblematic figures Elon Musk and Vivek Ramaswamy. Inspired by the Dogecoin cryptocurrency, the new department’s mission is to streamline public spending, cut red tape and instill an entrepreneurial mentality in federal governance. The announcement also boosted dogecoin’s capitalization, now worth $60 billion. We balance early in the morning.

Key points of this article:

  • Donald Trump announced the creation of the Department of Government Effectiveness, dubbed DOGE, with Elon Musk and Vivek Ramaswamy at its helm.
  • This announcement caused a spectacular increase in the value of dogecoin, which reached a capitalization of $60 billion.

Donald Trump will open the DOGE department

THE Ministry of Government Efficiencyor “DOGE,” embodies Trump’s vision of a lean administration. Under the leadershipElon MuskCEO of Tesla and longtime supporter of Dogecoin, a Vivek RamaswamyTrump’s former primary rival, the agency aims to streamline state structures.

The involvement of Musk, known for his passion for Dogecoin, gives the department an ironic and memorable symbolism. The choice of Ramaswamy, in turn, reflects Trump’s desire to bring together different profiles in his administration to breathe new energy into the government. The official announcement comes after months of rumors and Musk’s massive financial support for Trump’s presidential campaign.

“These two amazing Americans will lead my administration to eliminate government bureaucracy, reduce overregulation, reduce wasteful spending, and restructure federal agencies. (…) They (Musk and Ramaswamy) will work together to save our economy and make the United States a government accountable to “WE THE PEOPLE”. Their work will end no later than July 4, 2026.”

Dogecoin Explodes!

Since Trump’s announcement, Dogecoin is experiencing a spectacular rally. In 24 hours, Dogecoin price increased 12.2%and its market capitalization now stands at 60 billion dollars. This rebound represents a 136% increase over the past week, fueled by excitement about DOGE’s future and the Musk effect.

Dogecoinoften considered a crypto “meme,” finds unexpected credibility in the event, bolstered by the presence of a federal department adopting its name. If Trump’s initiative is primarily a wink, it could also spark a wave of institutional support for Dogecoin, an asset that for many investors symbolizes freedom and innovation.

DOGE: Price of dogecoin
Dogecoin Price – Source

Reforming the American Bureaucracy

This department will provide recommendations to the White House and the Office of Management and Budget in an effort to implement structural reforms. With a focus on reducing excessive regulation and unnecessary spending, DOGE he could initiate a series of unprecedented reforms in the federal administration. This project to streamline the federal bureaucracy, with almost provocative undertones, could mark a turning point in the way government is conceived in the United States as debt continues to weigh on the world’s leading power.

If Dogecoin benefited from the announcement, it’s also a sign that cryptocurrencies and politics are increasingly intertwined, for better or for worse. Will DOGE finally deliver on its promises of a “shock of modernity”? Or does it remain a symbol of the times when every initiative must attract attention and seduce crowds? The dynamics shared by Donald Trump and Elon Musk are by no means surprising. Just a few days ago, Elon Musk called for reform of the Federal Reserve System.

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