cryptojournalist
A new federal agency, the Department of Government Efficiency (DOGE), is set to tackle waste and overregulation in government. Announced on Nov. 13 by President-elect Donald Trump, it will be led by Tesla CEO Elon Musk and entrepreneur Vivek Ramaswamy.
Armstrong’s Ideas for Economic Freedom
Coinbase CEO Brian Armstrong applauded DOGE, saying it could improve economic freedom. He floated bold ideas, like limiting government spending to 10% of GDP and establishing a sovereign wealth fund where citizens would get a share of budget surpluses.
Armstrong emphasized creating long-term incentives to keep government spending under control, ensuring everyone benefits from a healthier economy.
Dogecoin Gets a Boost
Despite no actual connection, Dogecoin (DOGE) saw its price hit $0.39—a high for the year—after the announcement. It has since dipped slightly. Musk, often linked to Dogecoin’s market moves, successfully defended himself against manipulation claims in 2022.
