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International Business Times
International Business Times
Business
Marvie Basilan

$DOGE Skyrockets As Trump Announces Musk, Ramaswamy For D.O.G.E Leadership

Elon Musk Donald Trump DOGE Vivek Ramaswamy United States Department of Government Efficiency CoinGecko Dogecoin Tesla Inc.
Elon Musk was promised a leadership role in a new commission to audit government spending, and ahead of Donald Trump's inauguration, the promise has been kept. (Credit: AFP)

KEY POINTS

  • $DOGE is up 400% in the past week as Donald Trump fills up his cabinet
  • Musk and Ramaswamy will be responsible for reducing 'excess regulations'
  • Musk has promised 'maximum transparency' in the D.O.G.E's activities

President-elect Donald Trump has announced that Elon Musk and Vivek Ramaswamy will lead the yet-to-be-established Department of Government Efficiency (D.O.G.E), pumping the price of the token based off of the said commission.

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