Dogecoin Soars as Trump Creates DOGE Department Tasked To Eliminate Government Inefficiencies

Benzinga

Dogecoin surged nearly 20% on Tuesday night following President-elect Donald Trump's announcement of the new Department of Government Efficiency, abbreviated DOGE. Led by Elon Musk and Vivek Ramaswamy, the department aims to cut government bureaucracy and waste. Their mandate includes cutting regulations, minimizing wasteful spending, and restructuring federal agencies. Since Election Day, Dogecoin has skyrocketed 153%, compared to Bitcoin's 30% increase.

Transcript

00:00It's Benzinga bringing Wall Street to Main Street.

00:02Dogecoin surged nearly 20% on Tuesday night following President-elect Donald Trump's

00:06announcement of the new Department of Government Efficiency, abbreviated DOGE.

00:11Led by Elon Musk and Vivek Ramaswamy, the department aims to cut government bureaucracy

00:16and waste. Their mandate includes cutting regulations, minimizing wasteful spending,

00:20and restructuring federal agencies. Since Election Day, Dogecoin has skyrocketed 153%,

00:27comparing to Bitcoin's 30% increase. For all things money, visit Benzinga.com.

Category

Transcript

Recommended