Trump Appoints Elon Musk And Vivek Ramaswamy To Lead US DOGE

JAKARTA - The United States is preparing to face a wave of government reforms under the leadership of the elected president, Donald Trump. In an official statement on November 12, Trump announced that two well-known figures, Elon Musk and Vivek Ramaswamy, will lead a government reform program known as the Department of Government Efficiency (DOGE).

Although the name sounds the same as Musk's meme coin, Dogecoin (DOGE), actually the Department of Government Efficiency (DOGE) program, which aims to cut bureaucracy, reduce overregulation, and reduce the government's annual budget. The DOGE program will start operating until July 4, 2026 with the main target of bringing efficiency to government structures that are often considered slow and less effective.

Together with the White House and Office of Management and Budget, Musk and Ramaswamy will design and implement reform strategies to overhaul various federal agencies.

"These two extraordinary figures will pave the way for my government to abolish government bureaucracy, reduce unnecessary regulations, and cut excessive spending, all of which are crucial for the'save America' movement," Trump said in a written statement quoted by CoinSpeller.

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In the context of politics and the United States of America's economy, this reform has great potential to change fiscal policy. This plan has also sparked discussions on social media, with Elon Musk saying that the change will have a major impact, both in terms of bureaucratic efficiency in the composition of government and entertainment aspects related to the Dogecoin meme coin.

The Impact Of DOGE Program On Dogecoin Market

Uniquely, the name Department of Government Efficiency (DOGE) seems to be inspired by the famous coin meme, Dogecoin (DOGE), which Musk has long supported. After the pro-crypto Trump election, Dogecoin became increasingly popular. DOGE coin prices jumped more than 121% in the past two weeks.

Currently, Dogecoin is trading at IDR 5,929 at 16:56, Wednesday, November 13. Dogecoin's market capitalization reaches 55.5 billion US dollars (IDR 858.25 trillion) and daily trading volume of 42 billion US dollars (IDR 651 trillion). According to Coinecko data, currently Dogecoin occupies the 6th position as the largest crypto asset by market cap.