On November 13, President Trump announced that Elon Musk will lead the Department of Government Efficiency (DOGE) to eliminate government bureaucracy and cut wasteful spending. Musk has a history with Dogecoin, a meme currency also known as DOGE in Chinese. The founder of DOGE, Dogecoin, was created in 2013 as a light-hearted cryptocurrency to satirize the cryptocurrency market.
Musk has become deeply involved with Dogecoin and is now its spokesperson. The DOGE department was announced in August when Trump stated he would appoint Musk as a cabinet or government adviser. Musk and Trump have both expressed their support for DOGE and have used it as a means to address government spending and inefficiency.
The DOGE department has become a symbol for Trump supporters to oppose the Democratic Party’s fiscal opacity and chaotic spending management. Musk trading, which is focused on Musk-related cryptocurrencies such as DOGE, has gained popularity in the crypto market.
