Donald Trump Signs DOGE Executive Order, Vivek Ramaswamy Exits

During his first day at the Oval Office at the White House, President Donald Trump signed an executive order for the Department of Government Efficiency (DOGE) with the goal of bringing greater efficiency and transparency in government operations.

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The Executive Order establishing DOGEhttps://t.co/OoZwcOBPXa

— Department of Government Efficiency (@DOGE) January 21, 2025

The DOGE executive order from the President reads:

“This Executive Order establishes the Department of Government Efficiency to implement the President’s DOGE Agenda, by modernizing Federal technology and software to maximize governmental efficiency and productivity”.

Several industry leaders have welcomed this development. Aaron Levie, the CEO of software firm Box, said:

“DOGE is kicking off right out of the gate. It’s setup to deploy SWAT teams to help government agencies get more efficient and modernize their operations. Great to see.”

“DOGE will greatly improve government efficiency, saving your tax dollars and ending rampant inflation,” Elon Musk wrote, responding to this.

Vivek Ramaswamy Exits DOGE

Vivek Ramaswamy, the former presidential candidate, has announced that he will no longer be co-leading DOGE with Elon Musk. This decision to back out comes as Ramaswamy will opt to run for Ohio governor instead.

Anna Kelly, Trump-Vance transition spokesperson confirmed the development stating that Vivek Ramaswamy played a pivotal role in shaping the DOGE initiative over the last two months. “Vivek Ramaswamy played a critical role in helping us create DOGE. He intends to run for elected office soon, which requires him to remain outside of DOGE based on the structure that we announced today,” she said. Confirming the same in an X post, Ramaswamy wrote:

“It was my honor to help support the creation of DOGE. I’m confident that Elon & team will succeed in streamlining government. I’ll have more to say very soon about my future plans in Ohio. Most importantly, we’re all-in to help President Trump make America great again!”

Will Dogecoin Price Begin Bull Run Soon?

As the Department of Government Efficiency (DOGE) gains official status, market analysts are closely watching Dogecoin ($DOGE) for potential price movements. Historically, Dogecoin price has experienced significant rallies following similar bull cycles.

As of press time, Dogecoin price is 9.3% down, at $0.34. However, market analysts believe that this pullback could be temporary while projecting a potential price surge of over 108% to surpass its previous all-time high of $0.73905.

Market patterns suggest that breaking all-time highs often triggers exponential growth for Dogecoin. In past bull cycles, the cryptocurrency saw more than an 8x increase after breaching its previous peak, leading to speculation of prices exceeding the $5 mark if history repeats itself.

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