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    Home»Crypto»DogeCoin Faces Change as Leader Vivek Ramaswamy Resigns
    Crypto

    DogeCoin Faces Change as Leader Vivek Ramaswamy Resigns

    financeBy financeJanuary 22, 2025No Comments3 Mins Read
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    Diving into the world of public service efficiency, it’s crucial to highlight some significant changes underway. In a surprising turn of events, the Department of Government Efficiency (DOGE) saw a significant leadership shift. Vivek Ramaswamy, a previous contender for the presidency and a well-known entrepreneur, decided to bow out of his role as a co-head at DOGE. This departure led to Elon Musk assuming full control of this advisory board, tasked with the implementation of cost reduction strategies.

    Beginning of a New Era in Ohio

    Ramaswamy’s exit seems to be paving the way for a fresh chapter in his political journey. He showered gratitude on DOGE for the launchpad it provided and nostalgically shared memories of his tenure there via social media on January 21. Although he didn’t reveal specifics about his next big move, he hinted towards an imminent announcement.

    Adding to the intrigue, sources close to Ramaswamy reveal he may be setting his sights on the governorship in his home state, Ohio. With Governor Mike DeWine’s second and final term expiring in early 2027, the timing couldn’t be more apt. Should Ramaswamy join the race and succeed, he could potentially emerge as a vital figure in Ohio’s political landscape and a promising star within the Republican Party.

    DOGE’s Internal Struggles Preceding the Departure

    Ramaswamy’s exit from DOGE doesn’t seem to have been entirely smooth sailing. Rumours are swirling about escalating tensions between Ramaswamy and Elon Musk, primarily centered around diverging priorities. An online post from December, where Ramaswamy criticized certain facets of American culture, reportedly didn’t sit well with Musk. Insiders have also labeled their professional relationship as strained, with Musk expressing concerns over Ramaswamy juggling DOGE responsibilities with his political aspirations.

    These brewing tensions, along with DOGE’s policy discouraging members from political campaigning, made Ramaswamy’s resignation appear increasingly inevitable. Following these upheavals, DOGE currently trades at $0.37, as per TradingView.

    DOGE’s Adjusted Goals

    DOGE initially vowed to slash the federal budget by a staggering $2 trillion. However, this promise has been questioned as the target has recently been revised down to $1 trillion. Musk acknowledged this change, describing it as a “realistic” objective, but it has sparked doubts about the organization’s effectiveness.

    President Donald Trump first announced the Department of Government Efficiency last month, seemingly making a covert reference to Musk’s favorite cryptocurrency, Dogecoin.

    A Defining Moment

    Ramaswamy’s farewell to DOGE is viewed by some as a strategic move towards a political role, while others perceive it as a backward step. Nevertheless, Ramaswamy remains committed to his mission of “making America great again”, particularly as the Ohio governor election of 2026 draws nearer.

    Frequently Asked Questions

    Will Vivek Ramaswamy run for Governor of Ohio?

    While it hasn’t been officially confirmed, sources close to Ramaswamy suggest that he may run for Governor in Ohio’s 2026 election.

    Why did Vivek Ramaswamy resign from DOGE?

    Ramaswamy’s resignation allegedly stemmed from escalating tensions with Elon Musk and DOGE’s policy that discourages members from political campaigning.

    What was DOGE’s initial goal in terms of federal budget reduction?

    DOGE initially aimed to reduce the federal budget by $2 trillion. However, this target has been revised to $1 trillion.

    Who now heads DOGE after Ramaswamy’s departure?

    Following Vivek Ramaswamy’s departure, Elon Musk has assumed full control of DOGE.

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