Musk to join the US government's Efficiency Department, DOGE dances again?

Original Author: 1912212.eth, Foresight News

Not long ago, just as Trump was about to officially win the U.S. presidential election, Musk prematurely released a tweet celebrating, with a picture of Musk carrying a washbasin into the White House. After the release of this picture, now, Musk has finally realized his wish to truly “join the cabinet”.

According to public documents, Trump made a statement today stating that he will work with Elon Musk and American patriot Vivek Ramaswamy to lead the newly formed Department of Government Efficiency (DOGE).

Once the news was announced, market data showed that the dog coin DOGE, which shares the same name as the department, rose again from $0.36 to above $0.4.

The Government Efficiency Department is officially launched and all actions will be announced online.

Musk’s Department of Government Efficiency was already being planned before Trump was elected. This initiative, jointly launched by him and former President Donald Trump, aims to conduct a comprehensive financial audit of the federal government and propose recommendations to reduce waste, fraud, and unnecessary spending.

In September this year, Trump officially stated at a speech at the New York Economic Club that if elected president, he would create a Department of Government Efficiency with Musk. Therefore, this document is just a formal announcement of the inevitable.

Trump has high expectations for it, saying, “It could be the ‘Manhattan Project’ of our time.” Republican politicians have long dreamt of the goal of ‘DOGE’. To drive this radical change, the Office of Government Efficiency will provide advice and guidance from outside the government and work with the White House and the Office of Management and Budget to promote large-scale structural reforms and create an unprecedented entrepreneurial government.

Finally, the statement also stated that ‘their work will be completed no later than July 4, 2026, bringing a smaller, more efficient, less bureaucratic government, which will be a perfect gift to the United States on the 250th anniversary of the Declaration of Independence.’

After the release of Trump’s declaration, Musk tweeted about the Department of Efficiency, stating that his department is not a threat to democracy, but a threat to bureaucratic institutions. He also said that if the government cannot become efficient, the United States will go bankrupt.

He also talked about the upcoming plans, all actions of the Government Efficiency Department will be published online to achieve maximum transparency. If the public thinks that the department is cutting important things or not cutting waste, they can inform the Government Efficiency Department. In addition, the Efficiency Department will also launch a ranking list to list the most crazy and foolish expenditures of citizens’ taxes.

Government Efficiency Department and a bunch of memecoin

The English abbreviation of the Department of Government Efficiency, D.O.G.E, is by no means a coincidence. It is inspired by the DOGE community. In an interaction on Twitter in August this year, Musk called this name perfect.

Today, Musk also officially announced the logo of the government efficiency department with a small dog image.

At this point, DOGE officially established a relationship with the government’s efficiency department. In addition to the dynamic Favourable Information from Musk and his companies, the department’s many actions will also add heat to DOGE’s pump.

After Trump was elected president, Dogecoin rose all the way from $0.18 to a high of $0.438 before falling back. Today, influenced by Musk’s tweet, it briefly stopped falling and rose again above $0.4, with a rise of over 6% in one hour.

DOGE is the first Cryptocurrency based on internet meme, initially released by Jackson Palmer and Billy Markus on December 8, 2013. In the last cycle, Musk personally mentioned DOGE in tweets multiple times and even supported DOGE as a means of payment for his company, under the influence of positive news, DOGE rose from the bottom of 0.00113 dollars to 0.73995 dollars, with a staggering rise of more than 600 times.

A Solana on-chain Meme coin similar to D.O.G.E surged to nearly $5 in a short time, with a nearly 300% increase within 1 hour.

It is worth mentioning that, in response to netizens’ questioning of the necessity of his department today, Musk said, ‘America has been saved by a squirrel and memecoin.’ Influenced by this tweet, the meme coin PNUT, based on a squirrel, once briefly rose above $0.9, with a big pump of over 80% during the day, and the Market Cap has now risen to over 800 million dollars.

The future performance of the Government Efficiency Department led by Musk is unknown, but it is undoubtedly attracting global attention. Under its influence, a number of memecoins may usher in their own moments of glory.