Elon Musk Appointed to Lead Commission on Government Efficiency by President Trump

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Cointime2024/11/14 23:11

By:Cointime

President-elect Donald Trump has appointed Elon Musk and Vivek Ramaswamy to lead an advisory board called the "Department of Government Efficiency." The board aims to provide advice and guidance from outside of government to cut wasteful expenditures, restructure federal agencies, and dismantle government bureaucracy. Musk has expressed plans to reduce spending from various government agencies and will not need to divest any investments or step down from his positions at Tesla, SpaceX, and xAI. Additionally, Musk's promotion of Dogecoin has increased the meme cryptocurrency's value by 10%.

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