Trump Appoints First 2 Staff in D.O.G.E

President-elect Donald Trump recently appointed Tesla CEO Elon Musk and entrepreneur Vivek Ramaswamy to lead the new Department of Government Efficiency (D.O.G.E.), a cornerstone of his "Save America" initiative.

In a post on X (formerly known as Twitter), Trump called this agency vital for overhauling federal operations:

The president-elect noted:

“Together, these two wonderful Americans will pave the way for my Administration to dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies.”

D.O.G.E.'s primary goals include dismantling redundant government structures, cutting excess spending, reforming outdated agencies, and tackling waste and fraud within the $6.5 trillion federal budget.

Trump emphasized that the department will operate with an "entrepreneurial approach," advising both the White House and the Office of Management and Budget (OMB) to drive reform from outside traditional government channels.

D.O.G.E.'s mission is to establish a leaner, more accountable government focused on efficiency and innovation.

Musk & Ramaswamy Excited for Post

In a Tuesday evening post on X, Musk announced that all actions taken by D.O.G.E. will be published online to ensure "maximum transparency."

According to President-elect Trump, the agency's work is expected to conclude by 4 July 2026—a symbolic deadline marking the 250th anniversary of the Declaration of Independence.

Trump stated:

“I look forward to Elon and Vivek making changes to the Federal Bureaucracy with an eye on efficiency and, at the same time, making life better for all Americans.”

Musk, a vocal Dogecoin advocate and major supporter of Trump's recent campaign, previously discussed the creation of this agency and has provided extensive input on staffing decisions for the new administration.

Entrepreneur Vivek Ramaswamy, who endorsed Trump after running against him in the Republican primary, will also play a prominent role within D.O.G.E., and shared his enthusiasm for the appointment on X.

Musk also echoed the sentiment.

Ramaswamy updated on what D.O.G.E will do.

Not Everyone is Happy About the Appointment

Meanwhile, Democratic Senator and known crypto skeptic Elizabeth Warren voiced her reservations about the appointment, sharing a critical remark on X.

Dogecoin the Clear Winner

Dogecoin (DOGE), often influenced by Musk's social media activity, jumped 6% ahead of the announcement before retreating slightly.

Since Trump's 2024 presidential victory, the broader crypto market, including DOGE, has surged with enthusiasm.

On Sunday, DOGE reached a three-year high, climbing 20% to $0.27.

While still below its all-time high of $0.73 from May 2021, DOGE is currently trading at $0.3736—down 9.2% from Tuesday’s peak of $0.43, but still up over 80% on the week, per CoinMarketCap.