Donald Trump, the Republican presidential nominee, outlined a comprehensive strategy during a Thursday speech at the Economic Club of New York. His plan included a novel proposition involving Elon Musk.
The potential collaboration between Trump and Musk could mark a new chapter in governmental reform and innovation. By leveraging Musk’s expertise, this partnership might redefine federal operations and financial policies.
Trump Talks About Elon Musk’s DOGE Initiative
Trump proposed the creation of a Department of Government Efficiency (DOGE), humorously coinciding with the cryptocurrency Dogecoin’s ticker, DOGE. Musk has been tapped to lead this initiative and expressed his willingness to serve without compensation.
“I look forward to serving America if the opportunity arises. No pay, no title, no recognition is needed,” Musk said on X (Twitter).
Read more: How To Buy Dogecoin (DOGE) and Everything You Need To Know
In his wide-ranging address, Trump emphasized the need to rescind unspent funds from the Joe Biden era, which would significantly affect the clean-energy sector. He also suggested policies to deny mortgages to undocumented immigrants, framing these moves as necessary for financial rectitude and government efficiency.
Trump also laid out broader technological ambitions, including making the US the global hub for cryptocurrencies and advancing the artificial intelligence sector.
“Instead of attacking industries of the future, we will embrace them, including making America the world capital for crypto and Bitcoin,” Trump asserted.
This statement signals a shift towards supporting digital assets in Trump’s potential administration.
Despite the attention this news received, it had a minimal impact on Dogecoin’s market value. The meme coin experienced a slight increase, trading at about $0.098—up 2.53% in the last 24 hours. This modest rise contrasts with the media coverage surrounding Musk’s potential governmental role.
Read more: How to Buy Dogecoin (DOGE) Anonymously: A Step-by-Step Guide
Moreover, last week, Musk hinted at reintroducing Dogecoin as a payment option for Tesla merchandise, reigniting interest amidst his renewed support for the cryptocurrency.
In 2022, Musk and Tesla were embroiled in a lawsuit alleging a Dogecoin pump-and-dump scheme, which was also recently dismissed. This legal clearance may have rejuvenated Musk’s public endorsement of Dogecoin.
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