Dogecoin shot higher on Tuesday night after President-elect Donald Trump formally announced the creation of the Department of Government Efficiency.
Tesla CEO Elon Musk and Vivek Ramaswamy, former Republican presidential candidate and Strive Asset Management co-founder, will lead the department, Trump said in a statement.
Together, they"will pave the way for my Administration to dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies."shot higher on Tuesday night, extending its postelection surge after President-elect Donald Trump formally announced the creation of the Department of Government Efficiency, which he referred to as"DOGE" in his statement.
Dogecoin was last up nearly 20%. It has been one of the biggest winners in the postelection rally, gaining 153% since election day compared toMemecoins are seen as a gauge of retail interest and risk appetite in crypto. When memecoin activity ramps up, it usually indicates that retail investors are participating and have an appetite to speculate further out on the risk curve.efficiency commission in September.
Trump, surrounded by pro-crypto advisors, signals a 'step change' for the industry, says Galaxy's NovogratzFeeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weeklyDonald TrumpShe works 50-hour weeks at her day job, runs her clothing side hustle at night—it got a $250,000 offer on ‘Shark Tank'
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Dogecoin Price Surges 10% as Elon Musk’s 'Department of Government Efficiency' Gains TractionShaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.
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Trump appoints Elon Musk to lead Department of Government EfficiencyPresident-elect Trump announced Elon Musk and Vivek Ramaswamy as the leaders of his new Department of Government Efficiency, aiming to reduce federal waste and bureaucracy.
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Trump names Musk, Ramswamy to lead Department of Government EfficiencyTrump names Musk, Ramswamy to lead Department of Government Efficiency
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Trump announces Musk, Ramaswamy will lead newly-created Department of Government EfficiencyTrump in a statement said the two will work to 'dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies.'
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