Trump Taps Elon Musk's New 'DOGE' Department

Krutika Adani

Musk & Ramaswamy Take Charge

Donald Trump announced that the DOGE Department, led by Elon Musk and Vivek Ramaswamy, will streamline federal spending and regulations.

DOGE on the Rise

Dogecoin’s price spiked to $0.38 after Trump’s announcement, indicating strong market interest. Trading volume increased by 90%.

Objectives of the DOGE Department

The DOGE Department aims to eliminate unnecessary regulations, cut wasteful spending, and optimize federal agency performance.

Rising Open Interest

Dogecoin’s open interest has increased by over 11% in the past 24 hours, reflecting heightened trading interest.

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