Tech mogul Elon Musk has announced plans to close the Department of Government Efficiency (DOGE) by July 4, 2026.
The initiative, led by Musk and businessman Vivek Ramaswamy, is designed to address shortcomings in government spending. The initiative was also supposed to address the national debt.
Most government projects should come with a clear end date. That’s why we appointed one to @DOGE: July 4, 2026.
– Vivek Ramaswamy (@VivekGRamaswamy) December 2, 2024
However, the proposed closing date sparked a wave of reactions from major influencers and cryptocurrency enthusiasts. They believe that the timetable is insufficient to achieve its ambitious goals.
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Dogecoin co-founder takes a hit
Billy Marcus, co-founder of Dogecoin and known online as Shibitoshi Nakamoto, joined in on the fun by sharing a meme suggesting self-destruction!
The announcement resonated with Dogecoin supporters, who have long associated DOGE with their beloved cryptocurrency.
Some took a light-hearted approach to the news, with @dogeofficialceo humorously predicting that Dogecoin will become the “global reserve currency” by 2026.
Despite the playful reactions, there is an underlying seriousness in the community’s reaction.
Many see DOGE as a potential catalyst for meaningful change in government efficiency and fiscal responsibility. Most importantly, it is a task that they believe should not be tied to an arbitrary deadline.
Sean Ono Lennon, son of legendary musician John Lennon, expressed his concern on social media, stating that more time is needed for such a transformative initiative.
Gabor Gorbaks, a strategic advisor at Tether, echoed these sentiments, noting that a permanent “DOGE Ombudsman” position may be necessary to ensure lasting reform in US government operations. His comments highlight the widespread belief among crypto enthusiasts that DOGE goals require a long-term commitment.
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Doug’s birth
The Department of Government Efficiency, humorously abbreviated as DOGE, was created in the wake of the election of a new American political leader. It aims to simplify government operations and reduce wasteful spending.
Moreover, Musk’s participation in this project has drawn significant attention due to his influential role in both the technology and cryptocurrency sectors.
Musk’s announcement came via a retweet from Ramaswamy, who stressed the need for government projects to have specific end dates.
Interestingly, the chosen closing date coincides with the 250th anniversary of America’s independence.
The post Crypto Community Urges Elon Musk to Extend DOGE Initiative Beyond 2026 appeared first on 99Bitcoins.