- Elon Musk’s Department of Government Efficiency (DOGE) has launched its official website, aiming to provide transparency on federal spending cuts and streamline government operations.
- This move has also reignited interest in Dogecoin, with the cryptocurrency experiencing a price surge amid Musk’s continued influence.
Elon Musk’s Department of Government Efficiency (DOGE) took a significant step forward on Thursday with the official launch of its website (doge.gov). Additioanlly, the advisory panel, initially established under former President Donald Trump’s administration, aims to provide transparency on governmental spending cuts and streamline federal operations.
This latest development has sparked national interest, particularly in the financial and cryptocurrency sectors, as Musk continues to push for substantial budget reductions.
DOGE Official Website Goes Live
According to an announcement on X by the Department of Government Efficiency on February 13, the newly launched website, doge.gov, is now operational. The platform is designed to offer the public vital insights into governmental spending reductions, agency employee functions, and the panel’s strategies for enhancing federal efficiency.
DOGE website is live! https://t.co/0ozFC0dYYD
Initial site:
1. X feed posts
2. Consolidated government org chart – enormous manual effort consolidating 16,000+ offices
3. Summary of the massive regulatory state, including the Unconstitutionality Index (ratio of rules written…— Department of Government Efficiency (@DOGE) February 13, 2025
Elon Musk confirmed that the site will include detailed cost-saving measures, allowing the public to track the progress of his ambitious plan. The CEO stated that he intends to dedicate the next four months to the advisory panel, with a primary goal of cutting a whooping $2 trillion from the federal budget.
What’s Next for the Advisory Panel?
FOX Business correspondent Charles Gasparino noted on X that if the panel meets its objectives, the expected outcome is a reduction in inflation to 2%. This forecast is particularly noteworthy given that the latest U.S. Consumer Price Index (CPI) inflation data for January exceeded expectations, coming in at 3% YoY.
To further enhance transparency, the advisory panel is set to introduce an “overall savings scorecard” and provide a breakdown of cost reductions by February 14. These initiatives will allow for clear tracking of budgetary adjustments and their economic impact, potentially influencing broader market sentiment.
Dogecoin Gains Traction Amid Government Initiative
Beyond federal budget discussions, Musk’s latest government-focused endeavor has once again put Dogecoin (DOGE) in the spotlight . Given the similar name and Musk’s well-documented endorsement for the meme-based cryptocurrency, DOGE enthusiasts are closely monitoring developments.
At the time of reporting, Dogecoin’s DOGE is swapping hands with $0.2570 after a 0.84% surge in the past 24 hours, with an intraday range between $0.2489 and $0.267. This price movement aligns with a broader bullish sentiment in the cryptocurrency market.
Crypto market analyst VipRoseTr suggested that DOGE’s price is rebounding from a key Fibonacci support zone, potentially signaling a bullish reversal. If this trajectory continues, DOGE could target price levels of $0.4993, $0.5740, and $0.6543 in the near future. However, given the volatile nature of meme coins, investors remain cautious.
