{"id":597578,"date":"2024-11-13T08:15:55","date_gmt":"2024-11-13T08:15:55","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=597578"},"modified":"2024-11-13T08:15:55","modified_gmt":"2024-11-13T08:15:55","slug":"donald-trump-appoints-elon-musk-and-vivek-ramaswamy-to-lead-department-of-government-efficiency-doge-dismantle-government-bureaucracy","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/donald-trump-appoints-elon-musk-and-vivek-ramaswamy-to-lead-department-of-government-efficiency-doge-dismantle-government-bureaucracy","title":{"rendered":"Donald Trump Appoints Elon Musk And Vivek Ramaswamy To Lead Department Of Government Efficiency (DOGE), &#8221;Dismantle Government Bureaucracy&#8221;"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">US President-elect Donald <\/span><a href=\"https:\/\/insidebitcoins.com\/news\/bitcoin-blasts-past-81k-sending-meme-coins-into-orbit-amid-trump-election-win-bull-run\"><span style=\"font-weight: 400;\">Trump<\/span><\/a><span style=\"font-weight: 400;\"> has confirmed that Tesla founder and billionaire Elon Musk will lead a new Department of Government Efficiency (DOGE) alongside Strive Enterprises co-founder Vivek Ramaswamy.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&ldquo;Together, these two wonderful Americans will pave the way for my Administration to dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies,&rdquo; Trump wrote in an announcement shared in a Nov. 3 <\/span><a href=\"https:\/\/x.com\/TrumpWarRoom\/status\/1856500025037037606\"><span style=\"font-weight: 400;\">post<\/span><\/a><span style=\"font-weight: 400;\">&nbsp;on X<\/span><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/image.cnbcfm.com\/api\/v1\/image\/107260606-1687408024023-gettyimages-1258742027-AFP_33K29V6.jpeg?v=1693365404&amp;w=1858&amp;h=1045&amp;vtcrop=y\" alt=\"Elon Musk says Twitter cash flow remains negative with 'heavy debt'\"><\/p>\n<h2><span style=\"font-weight: 400;\">DOGE To Drive Large-Scale Structural Reform<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Trump said that the new department will push for large-scale structural reform from outside of the US government. It will also take an &ldquo;entrepreneurial approach&rdquo; when it engages with both the White House and Office of Management and Budget, the announcement said.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">When Elon &amp; Vivek of DOGE arrive in DC <a href=\"https:\/\/t.co\/nEk2un8d82\">pic.twitter.com\/nEk2un8d82<\/a><\/p>\n<p>&mdash; K10.13&#10024; (@Kristennetten) <a href=\"https:\/\/twitter.com\/Kristennetten\/status\/1856530296289767569?ref_src=twsrc%5Etfw\">November 13, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">Trump added that both Musk and Ramaswamy will tackle the &ldquo;massive waste and fraud&rdquo; in $6.5 trillion of annual government spending in the US, and will complete their work no later than American Independence Day on July 4, 2026. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">He believes that this will be &ldquo;the perfect gift to America on the 250th Anniversary of the Declaration of Independence.&rdquo;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Before the DOGE department can become an official government department, it will have to be established through Congress.&nbsp;<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Dogecoin Soars On Elon Musk Appointment<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The news that Musk, who is also known as the Doge Father because of his affection for Dogecoin, will be appointed to lead a new government department under the Trump presidency sent the <\/span><a href=\"https:\/\/insidebitcoins.com\/news\/dogecoin-doge-price-prediction-will-dogecoins-rally-push-it-to-1\"><span style=\"font-weight: 400;\">DOGE<\/span><\/a> price<span style=\"font-weight: 400;\"> soaring. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The confirmation of the new department, whose acronym is the ticker of the leading meme coin, caused the crypto&rsquo;s price to rise to a high of $0.4122 in the last 24 hours.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Despite undergoing a correction to <\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/dogecoin\/\"><span style=\"font-weight: 400;\">trade<\/span><\/a><span style=\"font-weight: 400;\"> at $0.3633 as of 2:49 a.m. EST, DOGE is still up more than 75% on the weekly time frame. Dogecoin also experienced a 42% surge in trading volumes during the past 24 hours.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Related Articles:<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/ethereum-etfs-see-record-inflows-as-altcoin-season-index-surges\"><span style=\"font-weight: 400;\">Ethereum ETFs See Record Inflows As Altcoin Season Index Surges<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/blackrock-bitcoin-etf-hits-new-record-as-polymarket-odds-of-bitcoin-hitting-100k-this-year-soar\"><span style=\"font-weight: 400;\">BlackRock Bitcoin ETF Hits New Record As Polymarket Odds Of Bitcoin Hitting $100K This Year Soar<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/dogecoin-doge-price-prediction-will-dogecoins-rally-push-it-to-1\"><span style=\"font-weight: 400;\">&nbsp;to $1?<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/pepe-unchained-presale-nears-launch-a-new-10x-potential-pepe-coin-alternative\"><span style=\"font-weight: 400;\">Pepe Unchained Presale Nears Launch &ndash; 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