US President-elect Donald Trump has appointed Elon Musk and Vivek Ramaswamy to lead a new initiative, the Department of Government Efficiency (DOGE). The goal of DOGE is to reduce government inefficiencies, cut unnecessary regulations, and streamline federal spending. The department aims to reduce waste and fraud in the US government’s $6.5 trillion annual budget.
Musk and Ramaswamy, both staunch Trump supporters, bring a unique perspective to the initiative, as they are both strong advocates for crypto. The public will be able to provide feedback and report wasteful government spending through DOGE.