The post Official DOGE Website Launches, Headed By Elon Musk appeared on BitcoinEthereumNews.com.

The official website for the Department of Government Efficiency (DOGE), a temporary U.S. advisory organization led by Elon Musk, has officially been launched. The initiative, spearheaded by President Donald Trump, aims to streamline government processes, reduce federal spending, and cut regulations. Source: X The department has gained attention for its branding. This includes using Dogecoin as its avatar a nod to Musk’s well-known promotion of the cryptocurrency. Its acronym, DOGE, shares initials with Dogecoin, the popular cryptocurrency. This sparked speculation that the meme coin’s price could see a surge. DOGE’s Formation and Mission DOGE or the U.S. DOGE Service Temporary Organization was formed on the 20th of January, 2025. This was during the second term of Donald Trump. Despite having “Department” in its name, DOGE is not a federal executive department. Creation of such a department would demand action from the congress. – Advertisement – However, it plays the role of an advisory body with the objective of enhancing efficiency of the government. Elon Musk is responsible for the project in collaboration with a team of about 20 employees. DOGE objectives are mainly to decrease federal spending, lessen the size of the federal employees, and disband unneeded agencies. Trump unveiled DOGE in 2024, with the policy as one of the major planks of his presidential agenda to demystify government bureaucracy. Cost-Cutting Goals and Organizational Challenges During his early interview broadcast  on X with Stagwell’s CEO Mark Penn, Elon Musk said that DOGE can reduce the U.S. federal budget by $2 trillion by implementing efficiency measures. Such measures entail dismantling some federals agencies, scaling down departments, and merging more than 400 entities into less than 100. Musk also emphasized deregulation as critical to broader innovation, including SpaceX’s Mars colonization goals. Vivek Ramaswamy was expected to co-lead DOGE alongside Hindenburg but this…

---

Filed under: News - @ January 21, 2025 10:27 pm