One picture shows you Musk and the "Department of Government Efficiency DOGE"

Introduced by Elon Musk in 2023, this DOGE is a private-sector initiative (not an official government agency) aimed at proposing ways to improve government efficiency. It’s a conceptual effort to reduce waste and apply tech-driven solutions to bureaucracy.

Elon Musk: The leader of Tesla, SpaceX, and Dogecoin's top supporter, known for his bold innovation, will lead the plan without taking a salary.

Vivek Ramaswamy: This entrepreneur, a former Republican presidential candidate who supported Trump after dropping out, is a key figure in promoting DOGE due to his business background and advocacy for "small government."

Cut the majority of federal employees (with a target of up to 75%).

Restructure or reduce certain government agencies, such as the Department of Education, the FBI, etc.

Streamline regulatory processes and reduce federal budget waste.

DOGE is named in tribute to Dogecoin, a meme-based cryptocurrency that gained attention through Elon Musk's endorsements. Its market value surged to a three-year high following Musk's support of Trump and the official launch of the DOGE project.

Uncertain Practical Impact: It remains to be seen whether the reform proposals put forward by DOGE can be adopted without direct budget authority.

Battle with Congress: The scope of DOGE's reforms may face resistance from Congress, especially regarding proposals related to layoffs and agency restructuring.

Sustained Impact on the Crypto Economy: The price volatility of meme assets like Dogecoin could be further influenced by the success or failure of DOGE.