Dogecoin makes an appearance on the U.S. Department of Government Efficiency (DOGE) website only a day after its launch.When President Donald Trump unveiled the Department of Government Efficiency, nicknamed DOGE, as part of his "Save America" initiative to reduce government bloat and named Tesla CEOElon Musk one of its leaders, many in the Dogecoin community were excited. Why? They expected the move to bring significant attention to the doggy-themed meme coin with the ticker DOGE.One day into the Trump administration, these Dogecoin proponents have not been disappointed.DOGE Puts Dogecoin in the Limelight Dogecoin has made an appearance on the U.S. DOGE website only a day after its launch.As of Tuesday, January 21, a day after Trump signed an executive order officially establishing DOGE as a non-governmental agency, visitors to its website are greeted by the Dogecoin logo with a caption that reads, "The people voted for major reform."Screengrab of US DOGE Official Website. Source: doge.govScreenshot of US DOGE Official Website. Source: doge.govSavvy crypto community members have also pointed out that the Dogecoin logo is embedded in the website's source code.The move comes as Tesla CEO Elon Musk is now set to be the sole leader of the advisory agency as Roivant Sciences founder and former Republican presidential candidate Vivek Ramaswamy has stepped down to pursue the Ohio governorship. Both men were initially slated to head the body in November 2024.From several mentions on X to accepting the meme coin as payment for merchandise across his companies, Musk has long been a Dogecoin champion. As such, the recent stunt may come as no surprise to crypto community members.However, that did not stop the asset from staging a 17% rally from $0.34 to $0.40 as the news spread, though the meme coin has now given away most of these gains to trade at $0.37 at the time of writing.What You Need to Know About DOGEDOGE was unveiled in November 2024 by President Donald Trump, who promised to cut excessive spending, reduce regulations, and reform federal agencies.At the time, Musk asserted that the agency would help cut a whopping $2 trillion in government spending, a target he has since reduced to about $1 trillion, dubbing the former an unlikely best-case scenario.While DOGE's promise has some excited, others, like outgoing Treasury Secretary Janet Yellen, have expressed doubt that it will be able to fulfill its mandate.Meanwhile, DOGE is also facing a lawsuit over transparency concerns from the National Security Counselors, a legal advocacy group.With Elon Musk increasingly tying DOGE's fortunes to Dogecoin, investors in the meme coin will hope that the agency enjoys significant success.
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