The post Elon Musk, Vivek Ramaswamy To Lead Trump’s D.O.G.E Dept. appeared on BitcoinEthereumNews.com.

President-elect Donald Trump announced that entrepreneur Elon Musk and biotech founder Vivek Ramaswamy will jointly head the newly created Department of Government Efficiency (D.O.G.E). The announcement comes only days after Trump’s reelection to be the 47th President of the United States (POTUS). Donald Trump Names D.O.G.E Leaders The statement, posted on Trump’s Truth Social account, promised that D.O.G.E. would spearhead “The Save America Movement.” It would streamline federal functions to reduce government spending and drastically increase operational efficiency. Trump’s statement called D.O.G.E. “potentially ‘The Manhattan Project’ of our time,” likening the new agency’s goals to those of the ambitious WWII-era initiative. He explained that the plan aims to dismantle excessive bureaucracy and reduce the US government’s annual $6.5 trillion expenditures. “They will work together to liberate our Economy, and make the US  Government accountable to ‘WE THE PEOPLE,’” Trump declared. The President-elect also projected that Musk and Ramaswamy’s work would culminate in a “smaller government, with more efficiency and less bureaucracy,” by July 4, 2026. Notably, this date would mark the 250th anniversary of the Declaration of Independence. Elon Musk, known for his critical views on government waste and bureaucracy, enthusiastically backed the project. “This will send shockwaves through the system, and anyone involved in Government waste, which is a lot of people!” a paragraph in Trump’s post read, citing Musk. The billionaire entrepreneur and purported Dogecoin (DOGE) father later reposted Trump’s announcement on X (formerly Twitter). Here, he added his usual flair with comments like “Threat to democracy? Nope, a threat to BUREAUCRACY!” The acronym D.O.G.E quickly attracted attention, resonating with fans of the popular meme-based cryptocurrency Dogecoin, which Musk has famously supported. Amidst the excitement, Dogecoin rallied by over 10%. This rally was sparked by speculation that Musk’s leadership of D.O.G.E might signal future integration of cryptocurrency in…

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Filed under: News - @ November 13, 2024 4:19 am