Tech mogul Elon Musk has announced plans to shut down the Department of Government Efficiency (DOGE) by July 4, 2026.
This initiative, led by Musk and entrepreneur Vivek Ramaswamy, aimed to combat inefficiency in public spending. The initiative was also supposed to tackle the national debt.
Most government projects should have a clear expiration date. This is why we have set one for @DOGE: July 4, 2026.
– Vivek Ramaswamy (@VivekGRamaswamy) December 2, 2024
However, the proposed closure date sparked a wave of reactions from major crypto influencers and enthusiasts. They believe that the timetable is insufficient to achieve its ambitious goals.
.cwp-coin-chart path svg { trait: ; line width: ; }
Price
Trading volume in 24 hours
Last price movement over 7 days
Buy now!
Explore: Elon Musk Effect: ACT I pumps 90% Don’t sleep on AI Meme Coin
Dogecoin co-founder takes a hit
Billy Markus, co-founder of Dogecoin and known online as Shibetoshi Nakamoto, joined in the fun by sharing a meme referencing self-destruction!
The announcement resonated with Dogecoin supporters, who have long associated DOGE with their beloved cryptocurrency.
Some have taken a light-hearted approach to the news, with @dogeofficialceo humorously predicting that Dogecoin will become the “global reserve currency” by 2026.
Despite the playful responses, there is an underlying seriousness to the community’s reaction.
Many see DOGE as a potential catalyst for significant change in government efficiency and fiscal accountability. Above all, it is a mission which, according to them, should not be limited by an arbitrary deadline.
Sean Ono Lennon, son of legendary musician John Lennon, expressed his concern on social media, saying more time was needed for such a transformative initiative.
Gabor Gurbacs, strategic advisor at Tether, echoed these sentiments, suggesting that a permanent “DOGE ombudsman” function may be necessary to ensure lasting reform of US government operations. His comments highlight the widely held belief among crypto enthusiasts that DOGE’s goals require a longer-term commitment.
Explore: Elon Musk’s hedgehog shrub pumps +30%: the best Hodl animal?
The birth of DOGE
The Department of Government Effectiveness, humorously abbreviated to DOGE, was created following the election of a new American political leader. It aims to streamline government operations and reduce unnecessary spending.
Additionally, Musk’s involvement in this project has attracted significant attention due to his influential role in the tech and crypto industries.
Musk’s announcement came via a retweet from Ramaswamy, who highlighted the need for government projects to have definitive expiration dates.
Interestingly, the chosen closing date coincides with the 250th anniversary of American independence.
The article Crypto Community Urges Elon Musk to Expand DOGE Initiative Beyond 2026 appeared first on 99Bitcoins.
