COINDESK DAILY: Trump Announces Department of Government Efficiency, DOGE Skyrockets
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 13 November 2024
⏱️ 6 minutes
🧾️ Download transcript
Summary
Host Christine Lee breaks down Trump's announcement of the Department of Government Efficiency, led by Elon Musk and Vivek Ramaswamy.
President-elect Donald Trump taps Elon Musk and Vivek Ramaswamy to lead the Department of Government Efficiency to slash wasteful government spending. "CoinDesk Daily" host Christine Lee explores the context, breaks down the reaction and explains what impact DOGE will have in the future.
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This episode was hosted by Christine Lee. “CoinDesk Daily” is produced by Christine Lee, Jennifer Sanasie, Melissa Montañez and edited by Victor Chen.
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Transcript
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| 0:00.0 | Joke coin becomes meme coin becomes the Department of Government Efficiency. |
| 0:05.4 | This is Coindex Daily. I'm your host Christine Lee. |
| 0:13.0 | President-elect Donald Trump releasing a statement saying, quote, |
| 0:16.9 | I am pleased to announce that the great Elon Musk working in in conjunction with American patriot Vivek Ramaswamy, |
| 0:24.3 | will lead the Department of Government Efficiency, abbreviated as Doge. |
| 0:29.2 | Together, these two wonderful Americans will pave the way for my administration to dismantle government bureaucracy |
| 0:35.6 | slash excess regulations, cut wasteful expenditures, and restructure federal agencies. |
| 0:42.3 | It will become potentially the Manhattan Project of our time, referring, of course, to the World War II research program that developed the first atomic bomb. |
| 0:52.2 | Let's step back a second here. Let me give you some context on why |
| 0:56.2 | this is making the crypto community go wild. Billy Marcus, who goes by the name Shibitoshi Nakamoto |
| 1:03.0 | on X, co-created Dogecoin in 2013 as a joke, and he's not sure this is real life. |
| 1:10.0 | Tech entrepreneur Elon Musk took an early liking to Doge, tweeting in 2019, |
| 1:15.6 | Dogecoin might be my favorite cryptocurrency, it's pretty cool. |
| 1:19.6 | He has since posted frequently about Doge. |
| 1:22.6 | After buying Twitter, |
| 1:23.6 | Musk briefly replaced the logo with Doge's iconic Shiba Inno Dog, referring to himself |
| 1:29.7 | as the Doge father on Saturday Night Live and announced that Musk-owned SpaceX would undertake |
| 1:36.2 | a ride-chair mission to the moon, completely funded by Dogecoin. Snow and BattenElish when in August |
| 1:43.0 | Musk said creating a Department of Government |
| 1:45.6 | Efficiency, abbreviated as Doge, was a perfect name. After going all in the Trump campaign |
| 1:52.7 | wagon, the efforts are paying off for Musk who will now lead a project to drastically change |
| 1:57.8 | U.S. government spending. Life imitating art or a joke gone too far. Whatever the |
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