Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Dogecoin News Update: Chainsaw Ambitions Halted: DOGE Ends Operations Eight Months Ahead of Schedule

Dogecoin News Update: Chainsaw Ambitions Halted: DOGE Ends Operations Eight Months Ahead of Schedule

Bitget-RWA2025/11/24 12:02
By:Bitget-RWA

- Trump's DOGE agency, led by Musk, disbanded eight months early, failing to cut $2 trillion in spending. - Critics accused it of overreaching, while OPM absorbed its functions and former members transitioned to new roles. - Mixed reactions persist, with states creating local equivalents and questions about long-term impact.

The Department of Government Efficiency (DOGE), an agency created under President Donald Trump with the goal of reducing federal expenditures and streamlining bureaucracy,

in July 2026, as confirmed by Office of Personnel Management (OPM) Director Scott Kupor. Originally headed by Elon Musk and touted as a key part of Trump’s efforts to cut costs, the agency .

DOGE was created in January 2025 through Executive Order 14158,

and address bureaucratic waste. Musk, who served as a "special government employee," became the agency’s most visible leader, even to represent his bold approach to government downsizing. The agency, however, quickly came under fire. Detractors, especially Democrats, by attempting to cut funds already allocated by Congress. Independent analysts also found it difficult to confirm DOGE’s reported savings, which .

The sudden end of the agency is a stark departure from its high-profile debut. Kupor explained that

to the OPM and other government departments. Several former staffers have taken on new positions within the administration, such as Joe Gebbia, Airbnb’s co-founder, who to overhaul federal websites. Musk, who stepped down in May after policy disagreements with Trump, has , making an appearance at a White House event for Saudi Crown Prince Mohammed bin Salman.

DOGE’s time in operation was defined by controversial measures, such as

and cutting tens of thousands of government jobs. While Trump’s allies praised the agency for tackling "waste, fraud, and abuse," critics pointed to legal challenges, protests from dismissed employees, and questionable savings claims. Musk acknowledged in May that the agency did not reach its $1 trillion savings goal, blaming internal pushback and political hurdles.

The closure of DOGE has led to a variety of responses.

their own versions of DOGE, while —including deregulation and workforce restructuring—will continue to influence federal agencies. Still, with DOGE now shuttered, there is ongoing debate about the lasting effects of its aggressive reforms and whether its impact will be felt beyond its short and contentious existence.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

BTC drops 5.47% as large investor moves and ETF withdrawals contribute to market downturn

- Whale 0x5D2 holds a $106M 20x BTC short with $29.8M unrealized profit, adjusting take-profit to $67,000 amid falling prices. - A second whale adds $87.6M 3x BTC short, pushing Bitcoin below $92,000 liquidation threshold as bearish pressure intensifies. - U.S. Bitcoin ETFs see $3.5B November outflows, with BlackRock’s IBIT accounting for 63% of redemptions, accelerating BTC’s 21% monthly drop. - CEX outflows hit 29,194 BTC in seven days, while Binance gains 16,353 BTC inflow, signaling liquidity consolida

Bitget-RWA2025/11/24 16:02
BTC drops 5.47% as large investor moves and ETF withdrawals contribute to market downturn

Aave News Today: Transparent DeFi Protocols Drive Unprecedented Growth in Crypto Lending

- Galaxy Digital reports Q3 2025 crypto-collateralized lending surged to $73.59B, with DeFi lending up 54.84% to $40.99B. - DeFi now dominates 62.71% market share, driven by Tether's Plasma network ($3B in 5 weeks) and Aave's layer-2 expansion. - CeFi rebounded 37% to $24.37B but remains at 33.12% share, with Tether controlling 59.91% of tracked loans via Bitcoin/stablecoin collateral. - Market volatility intensified, with $19B in crypto futures liquidated in 24 hours, as protocols prioritize code-based co

Bitget-RWA2025/11/24 15:46
Aave News Today: Transparent DeFi Protocols Drive Unprecedented Growth in Crypto Lending

Ethereum Updates: Bitcoin ETFs Plummet While Founder Increases Ethereum Holdings

- Bitcoin ETFs face $3.5B November outflows, worsening crypto market sell-offs as BlackRock's IBIT loses $2.2B. - BitMine Immersion founder Brandon Mintz expands Ethereum treasury to 3.63M ETH despite 28.7% price drop. - Leveraged ETH positions trigger partial liquidations, highlighting risks in volatile crypto markets. - Mintz's bullish Ethereum strategy contrasts with broader caution, emphasizing long-term staking potential. - Market duality emerges as ETF outflows persist alongside buybacks and asymmetr

Bitget-RWA2025/11/24 15:46
Ethereum Updates: Bitcoin ETFs Plummet While Founder Increases Ethereum Holdings