Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Trump’s D.O.G.E. Promises to Slash Bureaucracy: Here’s What You Need to Know

Trump’s D.O.G.E. Promises to Slash Bureaucracy: Here’s What You Need to Know

CryptopotatoCryptopotato2024/11/12 16:00
By:Author: Chayanika Deka

President-elect Trump calls the new Department of Government Efficiency (D.O.G.E.) “The Manhattan Project” of our time.

Dogecoin had been climbing alongside other cryptocurrencies, but it gained an extra 5% earlier today following President-elect Donald Trump’s formal announcement of the creation of the Department of Government Efficiency, a.k.a. “D.O.G.E,” in a bid to foster “more efficiency and less bureaucracy” and ultimately “drive The American Dream.”

This has fueled further enthusiasm and added to the OG meme coin’s post-election rally, which is currently trading above $0.376.

“The Manhattan Project” of Government Reform?

Trump appointed Tesla chief Elon Musk to lead the newly-created Department of Government Efficiency (D.O.G.E.) alongside American entrepreneur Vivek Ramaswamy. This new department will focus on eliminating bureaucratic inefficiency, reducing government spending, and cutting excess regulations. Trump emphasized that the D.O.G.E. initiative aligns with his “Save America” movement and aims to bring transformative change to the federal bureaucracy.

He called it potentially “The Manhattan Project” of the current era, with the focus on a leaner, more productive government. Collaborating with the White House and the Office of Management Budget, D.O.G.E intends to establish a new era of entrepreneurial governance.

“I look forward to Elon and Vivek making changes to the Federal Bureaucracy with an eye on efficiency, and at the same time, making life better for all Americans. Importantly, we will drive out the massive waste and fraud which exists throughout our annual $6.5 Trillion Dollars of Government Spending. They will work together to increase our Economy, and at the same time, shrink what has not worked – the FEDERAL PEOPLE.”

D.O.G.E will officially start operating on July 4, 2025, the 250th anniversary of the Declaration of Independence.

“Tragic and Entertaining”

Chiming in on the development, Musk revealed that the priority will be on transparency and will therefore include publicly posting all of its actions online. He also encouraged public input, inviting citizens to voice concerns if they believe critical programs are at risk or if wasteful spending persists unchecked.

Adding a unique twist, Musk revealed plans for a “leaderboard” highlighting the most absurd examples of government spending, a feature he described as both “tragic” and “entertaining.”

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Bitcoin security reaches a historic high, but miner revenue drops to a historic low. Where will mining companies find new sources of income?

The current paradox of the Bitcoin network is particularly striking: while the protocol layer has never been more secure due to high hash power, the underlying mining industry is facing pressure from capital liquidation and consolidation.

区块链骑士2025/11/28 08:23
Bitcoin security reaches a historic high, but miner revenue drops to a historic low. Where will mining companies find new sources of income?

What are the privacy messaging apps Session and SimpleX donated by Vitalik?

Why did Vitalik take action? From content encryption to metadata privacy.

ForesightNews 速递2025/11/28 08:23
What are the privacy messaging apps Session and SimpleX donated by Vitalik?

The covert war escalates: Hyperliquid faces a "kamikaze" attack, but the real battle may have just begun

The attacker incurred a loss of 3 million in a "suicidal" attack, but may have achieved breakeven through external hedging. This appears more like a low-cost "stress test" targeting the protocol's defensive capabilities.

ForesightNews 速递2025/11/28 08:23
The covert war escalates: Hyperliquid faces a "kamikaze" attack, but the real battle may have just begun