President-elect Donald Trump has appointed Elon Musk and Vivek Ramaswamy to lead a new agency, the Department of Government Efficiency (DOGE), focused on reducing federal spending and cutting regulations. This initiative aims to tackle waste in the $6.5 trillion annual government budget and streamline federal operations by dismantling bureaucracy and eliminating excess regulations. The DOGE will work closely with the White House and the Office of Management and Budget to create significant structural reforms. Musk emphasized that these changes will challenge the status quo and target government waste. Following Trump's victory, Dogecoin's price has surged approximately 150%, reflecting the growing influence of cryptocurrencies in politics, especially with Ramaswamy's pro-crypto stance. His asset management firm recently announced a new wealth management unit, further highlighting the intertwining of finance and political strategy.

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