On January 21, Dogecoin surged over 11% after the unveiling of the official website for Elon Musk’s Department of Government Efficiency, which prominently featured the Dogecoin logo. The agency’s goal is to enhance government efficiency and reduce spending. Following the website launch, Dogecoin reached a peak of $0.40, although this remains significantly below its all-time high of $0.73 from May 2021. President Donald Trump, on his first day back in office, issued 42 executive orders but notably omitted any mention of cryptocurrencies. Observers are speculating about potential future actions regarding crypto, including a possible ban on central bank digital currencies and the establishment of a crypto council. They are also anticipating further developments concerning Bitcoin strategy and regulatory clarity during Trump's second term. Despite prior pro-crypto rhetoric, current administration priorities outlined by Trump exclude any focus on digital assets, leaving industry experts hopeful for later initiatives.

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