The president-elect of the United States, Donald Trump, has taken a new turn in his government management by appointing Elon Musk as the director of the newly created Department of Government Efficiency (DOGE). This new body, which shares its acronym with the famous Dogecoin Cryptocurrency, will be focused on reducing bureaucracy, cutting expenses and radically reforming federal agencies.
In alliance with businessman Vivek Ramaswamy, Musk will lead one of the most ambitious transformations of the American public administration.
BREAKING: President Trump has tapped Elon Musk and Vivek Ramaswamy to lead the DOGE — Department of Government Efficiency.
Their mission will be to “dismantle government bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies.”… pic.twitter.com/5S1ySacJl0
— Charlie Kirk (@charliekirk11) November 13, 2024
Musk and Ramaswamy: A disruptive alliance for efficiency
The collaboration between Musk and Ramaswamy promises a drastic change in the government structure of the United States. Musk, known for his ability to implement disruptive technologies, seeks to use his experience in operational efficiency to apply a radical approach to eliminating inefficient government practices.
According to Trump, “these two wonderful Americans” will play an essential role in his mission to reduce regulations and dismantle bureaucracy, which, in turn, will strengthen the “Save America” movement.
DOGE: A name with a nod to Dogecoin and a positive impact on its value
The acronym DOGE has captured the attention of the crypto community, generating a positive impact on the value of Dogecoin, which increased 2% in the first hours of the day.
Musk, a well-known proponent of this cryptocurrency, has made it clear that the name of the department was an intentional choice, expressing his excitement at seeing “DOGE on a bronze plaque” as a symbol of the efficiency he seeks to implement in the government.
DOGE price evolution in the last week. Source: CoinMarketCap
A decision-making power that favors Tesla and SpaceX
Musk will have a key role over regulators that have been obstacles to the advancement of Tesla and SpaceX. With DOGE at his command, Musk could facilitate federal approval of autonomous vehicles and reduce restrictions on rocket launches. In addition, Tesla shares are expected to maintain their growth on the stock market, where they have exceeded $1 trillion in capitalization after Trump’s victory.
Vivek Ramaswamy: Musk’s strategic ally
Vivek Ramaswamy, who competed in the Republican primaries and is an ardent supporter of Trump’s policies, joins Musk at DOGE with the goal of significantly reducing government spending.
Ramaswamy has shown his support for staff cuts in the public administration, aligning himself with Musk’s vision to implement a deep transformation of government systems.
Musk and his role as a political activist
Musk’s influence on Trump’s election campaign has been key, both financially and in his public appearances. In recent months, Musk donated more than $120 million to support the campaign and openly promoted voting for Trump. He even organized million-dollar raffles for registered voters, which generated controversy and the intervention of the Department of Justice, although without legal consequences.
Political projections and the future of DOGE in the electoral landscape
Musk has announced that his political organization will remain active, with the mission of registering Republican voters in key districts and supporting candidates aligned with his ideals. This strategic approach promises to strengthen the Republican electoral base ahead of the midterm elections in 2026, marking a sustained presence in the United States political landscape.
An impact that resonates in the market
The creation of DOGE and the appointment of Musk as head of this department have had a positive impact on the value of Dogecoin, increasing its attractiveness among investors. This new stage places Musk as one of the most influential figures in politics and technology, with a decisive role in both the Trump administration and the evolution of the cryptocurrency market.
Conclusion
Musk’s appointment as head of DOGE marks the beginning of an unprecedented transformation in US government efficiency, combining his technological vision with a radical focus on reducing bureaucracy and spending.
With the backing of Trump and in alliance with Vivek Ramaswamy, Musk not only seeks to optimize public administration, but also strengthen his influence in politics and the market, consolidating DOGE as an emblem of change and efficiency.
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