It might be safe to say that Trump is taking a rather bold approach in his plans to dismantle bureaucratic inefficiencies and promote innovative governance.
By Mayowa Adebajo
Edited by Julia Sakovich
Updated
3 mins read
The Department of Government Efficiency may have left a subtle message on its website after President Donald Trump swore his oath of office on Monday. The logo of the popular cryptocurrency Dogecoin DOGE $0.26 24h volatility: 4.1% Market cap: $38.84 B Vol. 24h: $1.79 B suddenly appeared on the official website of the newly established department, sending the crypto community into a frenzy.
On display alongside the logo is the website’s title as well as its slogan “The people voted for major reform”.
For what it might be worth, the acronym for the Department of Government Efficiency is D.O.G.E. However, that does not explain the connection between the department and the logo.
Also, it is not a coincidence that the head of the unit is now Elon Musk, a long-time Dogecoin advocate and popular Trump supporter. According to reports, Musk is now fully in charge of operations. That is, ever since former co-lead Vivek Ramaswamy indicated interest in running for governor of Ohio next year.
As it stands, it might be safe to say that Trump is taking a rather bold approach in his plans to dismantle bureaucratic inefficiencies and promote innovative governance.
When Trump chose Musk and Ramaswamy to lead the department shortly after winning the presidential election in November, his plans were clearly stated. He said:
“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.”
Interestingly, the Department of Government Efficiency isn’t an official government agency. However, it has been tasked to work hand in hand with the White House and the Office of Management and Budget. It focuses on proposing large-scale structural reforms using business-like strategies.
Dogecoin started off as a joke in 2013 but has since risen to prominence. Created by Billy Markus and Jackson Palmer in 2013, its humorous appeal and the fact that meme coins have grown widely popular over the years have helped it gather a dedicated fan base.
Musk himself is a member of this base and has been seen publicly admitting the same on several occasions.
Now, however, with the integration of the Dogecoin logo into a government-branded outfit, the coin may be bracing up for even more popularity and possible gains.
Expectedly, the announcement has seen DOGE surge 11% on Tuesday, as it hit the $0.37 mark. However, all eyes remain keenly focused on Musk’s leadership to see if the ongoing experiment can deliver any meaningful change.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Mayowa is a crypto enthusiast/writer whose conversational character is quite evident in his style of writing. He strongly believes in the potential of digital assets and takes every opportunity to reiterate this. He's a reader, a researcher, an astute speaker, and also a budding entrepreneur. Away from crypto however, Mayowa's fancied distractions include soccer or discussing world politics.
