Dogecoin News Update: Chainsaw Ambitions Halted: DOGE Ends Operations Eight Months Ahead of Schedule

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Dogecoin News Update: Chainsaw Ambitions Halted: DOGE Ends Operations Eight Months Ahead of Schedule

Bitget-RWA2025/11/24 12:02

By:Bitget-RWA

- Trump's DOGE agency, led by Musk, disbanded eight months early, failing to cut $2 trillion in spending. - Critics accused it of overreaching, while OPM absorbed its functions and former members transitioned to new roles. - Mixed reactions persist, with states creating local equivalents and questions about long-term impact.

The Department of Government Efficiency (DOGE), an agency created under President Donald Trump with the goal of reducing federal expenditures and streamlining bureaucracy,

has been formally dissolved eight months ahead of its planned closure

in July 2026, as confirmed by Office of Personnel Management (OPM) Director Scott Kupor. Originally headed by Elon Musk and touted as a key part of Trump’s efforts to cut costs, the agency

is no longer operating as a unified organization

DOGE was created in January 2025 through Executive Order 14158,

aiming to cut $2 trillion from federal budgets

and address bureaucratic waste. Musk, who served as a "special government employee," became the agency’s most visible leader, even

wielding a chainsaw at a February Conservative Political Action Conference

to represent his bold approach to government downsizing. The agency, however, quickly came under fire. Detractors, especially Democrats,

charged it with exceeding its authority

by attempting to cut funds already allocated by Congress. Independent analysts also found it difficult to confirm DOGE’s reported savings, which

stood at $214 billion as of November

The sudden end of the agency is a stark departure from its high-profile debut. Kupor explained that

a significant portion of DOGE’s responsibilities have been transferred

to the OPM and other government departments. Several former

DOGE

staffers have taken on new positions within the administration, such as Joe Gebbia, Airbnb’s co-founder, who

now leads Trump’s National Design Studio

to overhaul federal websites. Musk, who stepped down in May after policy disagreements with Trump, has

since resumed engagement with the administration

, making an appearance at a White House event for Saudi Crown Prince Mohammed bin Salman.

DOGE’s time in operation was defined by controversial measures, such as

instituting a freeze on federal hiring

and cutting tens of thousands of government jobs. While Trump’s allies praised the agency for tackling "waste, fraud, and abuse," critics pointed to legal challenges, protests from dismissed employees, and questionable savings claims. Musk acknowledged in May that the agency did not reach its $1 trillion savings goal, blaming internal pushback and political hurdles.

The closure of DOGE has led to a variety of responses.

States led by Republicans, such as Idaho and Florida, are now establishing

their own versions of DOGE, while

Trump’s team insists its core ideas

—including deregulation and workforce restructuring—will continue to influence federal agencies. Still, with DOGE now shuttered, there is ongoing debate about the lasting effects of its aggressive reforms and whether its impact will be felt beyond its short and contentious existence.

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.

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Bitget-RWA•2025/11/24 11:44