- Elon Musk’s recent tweet, featuring a meme about a “Department of Government Efficiency,” has generated buzz in the crypto community.
- Musk’s tweet and the ongoing media speculation come amid his recent legal victory, where the court cleared him of charges related to alleged fraud involving Dogecoin.
Tech billionaire Elon Musk once again got the crypto community chatting about Dogecoin with a single tweet last weekend. If former US President Donald Trump wins the upcoming election, Elon Musk sees himself working as the head of the new government institution he calls the “Department of Government Efficiency.”
On his social media platform X, Musk teased the idea through a meme. The image shared by Donald Trump hints at a double-edged reference to politics as well as cryptocurrency.
Department of Government Efficiency pic.twitter.com/HFeHYNIkJN
— Elon Musk (@elonmusk) September 7, 2024
Of course, the above post features an AI-generated image of Elon Musk sitting behind a desktop placard that reads “D.O.G.E.” The image caption reads “Department of Government Efficiency.” Recently, Donald Trump stressed the creation of a government efficiency commission. The former US President said that the commission would be “tasked with conducting a complete financial and performance audit of the entire federal government, making recommendations for drastic reforms.”
Musk shared a video of Trump’s comments, adding his own note: “This is badly needed.” While the tech billionaire hinted at contributing to the political committee, he did not confirm any intention to take on an official government role, reported CNF. The tech billionaire added: “I look forward to serving America if the opportunity arises,” while adding that “no pay, no title, no recognition is needed.”
Will Elon Musk Join the Donald Trump Cabinet?
It remains uncertain whether Musk is genuinely contemplating a government role or if the media’s speculation has any substance. Trump’s remarks suggesting that Musk had “agreed” to the position were based on the idea that “he’s not very busy,” reported Crypto News Flash.
Trump said: “Elon, because he is not very busy, has agreed to head that task force. If he has the time, he’s a good one to do it and he has agreed to do it.”
As we know, Elon Musk has been an ardent supporter of memecoin Dogecoin. Because of his support, the DOGE community has grown strong, making it one of the top ten largest cryptocurrencies by market cap. Recently, Musk faced charges of insider trading in Dogecoin.
However, the US district court cleared the billionaire of the charges in a lawsuit alleging he defrauded investors by endorsing the trading of Dogecoin (DOGE). This significant development impacts both Musk and the crypto community and raises questions about the future price trajectory of DOGE, per the CNF report.
