Musk, a identified supporter of Dogecoin, agreed to steer this initiative with out pay. Trump’s proposal highlighted a broader agenda to streamline authorities operations, reclaim unspent funds from the Biden administration, and deny mortgages to undocumented immigrants. He additionally expressed ambitions to make the U.S. a pacesetter within the crypto and AI sectors.
Whereas the information caught consideration, it had little affect on Dogecoin’s market worth. The coin noticed a slight 2.53% improve, buying and selling at round $0.098.
Musk’s involvement in authorities reform comes after a dismissed lawsuit that accused him of manipulating Dogecoin’s worth in 2022. His renewed public assist for the cryptocurrency, together with a possible return of Dogecoin as a fee possibility for Tesla merchandise, has reignited curiosity within the meme coin.