Elon Musk’s DOGE will advise on gutting federal departments and which staff should be fired if it deems they are a ‘massive waste’

Dogecoin shot higher on Tuesday night after President-elect Donald Trump formally announced the creation of the Department of Government Efficiency.

ToplineDogecoin rose on Wednesday across a threshold the cryptocurrency has not eclipsed since 2021, after President-elect Donald Trump tapped Elon Musk—who has touted the token in recent years—to lead the new Department of Government Efficiency.