DOGE Gains Momentum as Musk, Ramaswamy Unveil Game-Changing Reform Proposals
In the latest development, House Speaker Mike Johnson confirmed that Musk and Ramaswamy will meet with Republican members of the House and Senate on December 5. They will head to Capitol Hill next week to lay out key Republican reform proposals. Ministry of Government Efficiency (Governor-General).
Elon Musk and Vivek Ramaswamy were chosen as leaders of the newly formed cryptocurrency community after Trump’s victory, which was highly sought after by the cryptocurrency community. Ministry of Government Efficiency. Their goal is to cut federal spending by $2 trillion. It is worth noting that after Trump’s victory, Bitcoin surged to $100,000 and the DOGE price hit a three-year high.
Dogecoin surged more than 10% after US President-elect Donald Trump revealed that Elon Musk and former Republican presidential candidate Vivek Ramaswamy would lead the cryptocurrency.
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DOGE wins bipartisan interest
Trump pointed out that the Governor will lead the government to abolish government bureaucracy, relax redundant regulations, cut expenditures, reorganize federal agencies, etc. Notably, the Department of Government Efficiency (DOGE) will present key proposals to reform government regulations and institutions. Analysts believe that Dogecoin price may break through $1 and further rise sharply to $2.2.
Rep. Ro Khanna, D-Calif., and Sen. Joni Ernst, R-Iowa, are building support for President-elect Donald Trump’s Department of Government Efficiency. Bipartisan interest in DOGE underscores growing momentum to cut federal spending and increase accountability in government operations.
In addition, DOGE also drew support from a growing list of private sector leaders, including venture capitalist Marc Andreessen, hedge fund manager Bill Ackman and former Uber CEO Travis Kalanick Travis Kalanick).
“We are entrepreneurs, not politicians. We will serve as outside volunteers, not federal officials or employees. Unlike government committees or advisory committees, we won’t just write reports or cut ribbons. We will cut costs,” Musk and Lars Maswamy said in a statement. Column For The Wall Street Journal.
Musk has become increasingly active and vocal in political circles, even saying widely that he would fire some federal employees once Trump takes office.
Critics, however, have raised concerns about DOGE’s transparency and oversight because it relies on private sector volunteers rather than traditional government officials.
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Musk highlights impact of Biden administration
In the latest X postalMusk highlighted how the Biden administration will impact economic and business growth. Ramaswamy and Musk lashed out at the government as people and businesses were forcibly stripped of their bank accounts. Cryptocurrency executives including David Marcus, who leads Facebook’s Libra project, have revealed how governments are politically stifling the Diem stablecoin.
In the latest development, analysts Bluntz Capital said Predictive Dogecoin price surged 420% to $2.2. Another top analyst, Rekt Capital, famous The Dogecoin price chart has formed an “Ascending Triangle” pattern on the daily chart, which means it could be enjoying another round of capital flows. He further added that DOGE would need to close above $0.43 this week to confirm a breakout of $1. Notably, DOGE has formed a “golden cross” on the 4-hour chart, which could trigger a rally to $2.
