Musk-led DOGE reveals Dogecoin logo on its website

The Department of Government Efficiency, led by Elon Musk, has sparked significant attention after launching a new website that features a prominent Dogecoin logo. The inclusion of the Shiba Inu mascot from Dogecoin, a meme coin built on Ethereum, has sparked widespread speculation across social media. Musk, a well-known supporter of Dogecoin, heads this unofficial initiative focused on reducing government spending, and the unexpected Dogecoin reference has drawn attention from both crypto enthusiasts and the general public.

The website, which only contains 18 words, was accompanied by the Dogecoin logo, fueling conversations among crypto users about Musk’s ongoing involvement with the meme coin and its potential role in future government-related initiatives. Following the website’s launch, Dogecoin (DOGE) experienced a 4% gain within 24 hours, though this rally could be attributed to a broader market upswing rather than the website’s release alone. Many cryptocurrencies, including those in the top 10 by market cap (excluding stablecoins), saw positive movement during this period.

However, the Department of Government Efficiency’s debut has not been without challenges. Vivek Ramaswamy, the department’s co-leader and an outspoken Bitcoin advocate, announced his departure from the initiative just a day after the inauguration of former President Donald Trump. Sources suggest that Ramaswamy may now shift his focus toward running for Ohio governor, a move that could see the state led by a pro-Bitcoin official. Ohio is already taking steps to embrace Bitcoin, having introduced legislation last year to establish a strategic Bitcoin reserve, signaling its alignment with other states looking to integrate Bitcoin policies.

This development adds an interesting layer to the growing intersection between government policies and cryptocurrency, as multiple states, including Ohio, seek to position themselves as leaders in the Bitcoin space.