Dogecoin Logo Featured on D.O.G.E. Website
A newly launched website for the Department of Government Efficiency (D.O.G.E.), led by Elon Musk, prominently features the Dogecoin logo. The website’s appearance caused Dogecoin’s price to surge 14% to a market cap of $58 billion.Official Government Website Confirmed
The site, Doge.gov, was registered by a U.S. government employee and confirmed as legitimate. It features the Dogecoin logo in its design, further fueling speculation about Musk’s influence on the cryptocurrency.Legal and Regulatory Challenges for D.O.G.E.
Minutes after its establishment, D.O.G.E. faced a lawsuit alleging violations of the Federal Advisory Committee Act. The lawsuit argues that the department operates as a federal advisory committee without adhering to transparency and hiring regulations.Musk Takes Helm Amid Controversy
With Vivek Ramaswamy stepping down to pursue a gubernatorial bid, Elon Musk is now the sole leader of D.O.G.E. The development underscores Musk’s continued role as a prominent advocate for Dogecoin, sparking renewed interest and market activity.
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