Here’s what you need to know

Dogecoin has been trending along with other cryptocurrencies, but gained an additional 5% earlier today following President-elect Donald Trump's announcement of a government shutdown. Bureaucracy” and finally “Driving the American Dream.

This has fueled more interest and added to the post-election rally of the OG meme coin, which is currently above $0.376.

A government reform “Manhattan Project”?

Trump appointed Tesla boss Elon Musk along with American entrepreneur Vivek Ramaswamy to lead the newly created Department of Government Efficiency (DOGE). This new department focuses on eliminating bureaucratic inefficiencies, reducing government spending and cutting excessive regulations. Trump emphasized that the DOGE initiative is in line with the “Save America” ​​movement and aims to bring about transformational change in the federal bureaucracy.

He calls the current “Manhattan Project,” focusing on leaner, more efficient government. In cooperation with the White House and the Office of Management and Budget, DOGE intends to establish a new era of entrepreneurial management.

“I look forward to Elon and Vivek seeing changes to the federal bureaucracy to improve efficiency and at the same time make life better for all Americans. Importantly, we will eliminate the massive waste and fraud that accounts for $6.5 trillion in government spending each year. We will work together to grow our economy while reducing what's not working — the federal population.” .

The DOGE will officially take office on July 4, 2025, the 250th anniversary of the Declaration of Independence.

“Sad and Fun”

Exploding on the development, Musk said that his priority will be on transparency and therefore includes publicly posting all his actions online. He encouraged public opinion by inviting citizens to voice their concerns if they believed critical programs were at risk or that wasteful spending was not addressed.

Adding to the spec, Musk revealed plans for a “leaderboard” that highlights examples of the most absurd government spending, a feature he described as “sad” and “fun.”