Donald Trump has sparked attention with his recent comments on crypto, Bitcoin, and Elon Musk’s involvement with Dogecoin. During a speech at the Economic Club of New York, Trump laid out plans for a potential partnership with Musk, proposing a new Department of Government Efficiency (DOGE), humorously sharing the name with the popular cryptocurrency.Â
Musk, a known supporter of Dogecoin, agreed to lead this initiative without pay. Trump’s proposal highlighted a broader agenda to streamline government operations, reclaim unspent funds from the Biden administration, and deny mortgages to undocumented immigrants. He also expressed ambitions to make the U.S. a leader in the crypto and AI sectors.Â
While the news caught attention, it had little impact on Dogecoin’s market value. The coin saw a slight 2.53% increase, trading at around $0.098.Â
Musk’s involvement in government reform comes after a dismissed lawsuit that accused him of manipulating Dogecoin’s value in 2022. His renewed public support for the cryptocurrency, including a potential return of Dogecoin as a payment option for Tesla products, has reignited interest in the meme coin.Â
