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Do you remember that government department that made the crypto world laugh for half a year?
That's right, it's the "Department of Government Efficiency" (DOGE) that has the same abbreviation as Dogecoin. On November 24, this organization, managed by Musk and originally planned to operate until next July, suddenly announced its dissolution. With 8 months left until the end of its term, 6 young employees were directly laid off.
After Trump returned to the White House in January this year, there has been quite a stir in this department - under the banner of "streamlining government size," it ended up disbanding itself first. Although the original text did not elaborate on the reasons for the dissolution, the timing is quite subtle: it coincides with a critical period for crypto policy discussions, and Musk has been frequently promoting DOGE coin.
Coincidence? Or is there another story? In any case, the three letters "DOGE" are not quiet in the crypto world and Washington.