- Memes run the world.
- Donald Trump vowed to cut government waste and inefficiency.
- Against expectations, the Department of Government Efficiency (DOGE) is official.
Dogecoin started as a playful jab at the seriousness of cryptocurrency, yet it quickly became an icon of internet culture, uniting fans and proving the power of memes to influence. But in a surreal and unexpected twist, “DOGE” has gone from memecoin to the federal government.
In one of his first acts as president-elect, Donald Trump made the Department of Government Efficiency (DOGE) official. While this new department aims to tackle the serious business of wasteful bureaucracy, Dogecoin fans can’t help but enjoy the nod to their beloved coin.
DOGE is Coming For Government Excess
Dogecoin fan Elon Musk first floated the idea of a “government efficiency commission” to tackle wasteful spending during Trump’s campaign. The concept struck a chord with Trump, who gave it an enthusiastic thumbs-up and officially greenlighted it on Wednesday.
Sponsored
The name “Department of Government Efficiency” (DOGE) emerged as a joke, thanks to the ever-mischievous Sir Doge of the Coin, who coined the title back in August. Surprisingly, it stuck, and “DOGE” became the official shorthand, much to the delight of Dogecoin fans.
A post shared by Musk revealed that DOGE will be led by Musk and fellow entrepreneur Vivek Ramaswamy. The department is tasked with slashing red tape, cutting wasteful spending, and overhauling federal agencies with a more entrepreneurial spirit in mind.
Trump clarified that this new department isn’t just a meme; DOGE will be a powerful force for “large-scale structural reform,” aiming to bring an innovative, business-minded approach to the heart of government.
Dogecoin is Back
Despite its name, the Department of Government Efficiency (DOGE) has no connection to Dogecoin besides Musk’s influence. Yet, the memecoin was among the few top 100 tokens that saw outsized percentage gains post-election.
Since November 6, Dogecoin has surged an impressive 160%, hitting a 180-week high of $0.43963 on November 12. However, Wednesday saw a cooling as markets took a breather from the intense buying of the past week.
Still, wallet provider MyDoge seized the moment to announce its DogeOS protocol, an app layer for Dogecoin designed to add more fun and creativity to Web3.
For a coin many thought had peaked in 2021, Dogecoin seems to be gearing up for a comeback, harnessing the power of memes, Musk, and a hint of government branding.
On the Flipside
- Trump gave DOGE a July 4, 2026 deadline to achieve its goals.
- Skeptics would argue that naming a serious government department DOGE undermines its credibility.
- President Reagan launched a similar cost-cutting initiative called the Grace Commission in 1982.
Why This Matters
The fusion of meme culture with the federal government marks a significant shift in political communication.
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