Trump fait appel à Elon Musk et Vivek Ramaswamy pour diriger le nouveau « Département de l'efficacité gouvernementale »

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.

La pièce meme a été initialement créée en 2013 pour se moquer d'autres crypto-monnaies, mais est devenue l'une des crypto-monnaies les plus importantes et apparemment la crypto-monnaie préférée de Musk.

Musc est un partisan de longue date de la crypto-monnaie et a déclaré en 2022 qu'il "continuerait à soutenir Dogecoin". Dans une conversation publiée plus tôt cette année sur X, une plateforme de médias sociaux qu'il a achetée il y a deux ans, Musk a confirmé qu'il possédait toujours « un tas » de Dogecoin. S'il détient encore une grande partie de la pièce, il devrait bénéficier financièrement du coup de pouce qu'elle a reçu suite à l'annonce de Trump mardi.

Musk a fait la promotion de "DOGE" sur X dans les heures qui ont suivi, en publiant des images et des mèmes générés par l'IA, notamment la mascotte du chien Shiba Inu de la pièce.

Musc a également suggéré qu'il aimerait vendre des marchandises faisant la promotion du nouveau département et de la pièce de monnaie dans un article séparé.

Mercredi après-midi, CoinMarketCap a rapporté que Dogecoin avait une capitalisation boursière de près de 58 milliards de dollars.

Contactez Rachel Barber à rbarber@usatoday.com et suivez-la sur X @rachelbarber_

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