トランプ大統領、新たな「政府効率省」のトップにイーロン・マスク氏とヴィヴェク・ラマスワミ氏を指名

Dogecoin, the meme cryptocurrency often associated with Elon Musk, soared in value after President-elect Donald Trump greenlit the tech billionaire's ideas for a new executive department by a similar name.

Dogecoin, the cryptocurrency often associated with Elon Musk and online memes, rose in value after President-elect Donald Trump announced the tech billionaire's ideas for a new executive department.

Trump announced Musk, the world's richest person according to Forbes, will lead the new Department of Government Efficiency, or DOGE, alongside Vivek Ramaswamy, a billionaire who ran against Trump in the Republican primary but dropped out to endorse him. Both were strong supporters of the former president during his reelection campaign.

"This will send shockwaves through the system, and anyone involved in Government waste, which is a lot of people!" Musk said in a statement Tuesday.

Musk joined Trump for a meeting with the House Republican conference in the nation's Capitol Wednesday. That meeting came after the Tesla and SpaceX CEO got $50 billion richer due to a rise in stock prices following Trump's victory last week, according to Forbes. It also comes after he spent time in Palm Beach, Florida, where Trump has been assembling his second administration from his Mar-a-Lago residence.

More:Trump taps Elon Musk, Vivek Ramaswamy to lead new 'Department of Government Efficiency'

What is Trump's vision for DOGE?

The president-elect has said little about how exactly the new government department plans to cut potentially trillions in government spending. However, in a statement Tuesday, Trump said it will work to restructure government agencies and cut regulation and waste.

"To drive this kind of drastic change," Trump said, Musk and Ramaswamy will partner with the White House and Office of Management and Budget to achieve something Republicans have dreamed about for a long time. The president-elect added the department will make large-scale structural reforms and add an entrepreneurial approach to government "never seen before."

He gave Musk and Ramaswamy a deadline of July 4, 2026, the 250th anniversary of the Declaration of Independence, to reach these goals. Trump suggested the initiative could result in innovation on par with The Manhattan Project, the top-secret government program responsible for developing the first atomic bombs.

"A smaller Government, with more efficiency and less bureaucracy, will be the perfect gift to America," Trump said in the statement.

What is Dogecoin and how is it related to DOGE?

Dogecoin increased in price and valuation in the day since Trump's announcement and was trading at about 40 cents as of Wednesday afternoon, according to CoinMarketCap.

ミームコインは当初、他の暗号通貨を嘲笑するために2013年に作成されましたが、最大規模でマスク氏のお気に入りの暗号通貨の1つになったと伝えられています。

マスク氏は長年にわたってドージコインを支持しており、2022年には「ドージコインをサポートし続ける」と述べた。今年初めに2年前に購入したソーシャルメディアプラットフォームXに投稿した会話の中で、マスク氏はまだ「大量」のドージコインを所有していることを認めた。もし彼がまだ大量のコインを保有しているのであれば、火曜日のトランプ大統領の発表後に得た後押しから金銭的に恩恵を受けることになるだろう。

それ以来、マスクはXで「DOGE」を宣伝し、コインのマスコットである柴犬を含むAIが生成した画像やミームを投稿した。

マスク氏はまた、別の投稿で新しい部門とコインを宣伝する商品を販売したいと示唆した。

水曜日の午後、CoinMarketCapは、ドージコインの時価総額が580億ドル近くになったと報告しました。

rbarber@usatoday.com で Rachel Barber に連絡し、X @rachelbarber_ で彼女をフォローしてください

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