Former presidential aspirant and American entrepreneur has confirmed the decision to abandon his Department of Government Efficiency (D.O.G.E) co-lead role.While optimistic about Musk’s D.O.G.E leadership, Ramaswamy’s move hours after Trump’s inauguration attracted the crypto community due to the organization’s indirect link with meme crypto Dogecoin.The politician quoted an X post highlighting his plans to run for an elected office, “which requires him to remain outside of DOGE.”
Further details show Ramaswamy will run for governor in Ohio soon.Meanwhile, he emphasized his dedication to pushing Trump’s ‘Make America Great Again’ agenda.Vivek has not disclosed his plans, but sources indicate that the former D.O.G.E head will reveal his dreams for Ohio governor candidacy. Woes in Department of Government EfficiencyRamaswamy’s departure followed multiple lawsuits that targeted the controversial Department of Government Efficiency after Trump’s oath.
Public interest groups and ethics watchdogs raised concerns about D.O.G.E and its leader – Elon Musk.The litigations accuse the new government of avoiding federal transparency policies that demand advisory organizations such as D.O.G.E to reveal their hiring procedures and interactions with other administration bodies.Another lawsuit seeks documents detailing interactions between Trump’s new team and the Department of Government Efficiency.Meanwhile, the most expansive litigation came from the Citizens of Responsibility & Ethics in Washington.The suit (filed on behalf of the veterans and teachers’ coalition) challenges D.O.G.E’s creation and its undisclosed operations.The alliance asks the court to suspend the group’s operations until it adheres to the law.However, there has been tension between Tesla CEO Elon Musk and Ramaswamy since December 2024.Ramaswamy criticized the American culture, stating that tech companies employ foreigners due to a mindset that admires mediocrity over brilliance.
Musk perceived Ramaswamy’s two-way focus on his political career and D.O.G.E leadership as unsound.These developments likely fueled Vivek’s exit from the advisory organization.Meanwhile, the new advisory group got its name from Dogecoin – Elon Musk’s favorite digital asset.Thus, attention switched to the meme token’s performance.Musk gained popularity within the crypto space after driving Dogecoin’s price to all-time highs in 2021 through X posts. DOGE price outlookWhile Bitcoin held above $100K, the original meme token led the altcoin bloodbath.It trades at $0.3398 after losing over 10% of its value in the past 24 hours.The significant decline in daily trading volume highlights notable weakness, positioning the alt for more dips.
Chart by CoinmarketcapUnwelcoming developments linked to the Department of Government Efficiency contribute to Dogecoin’s bearish stance.Meanwhile, the latest slump pushed DOGE beneath the 200 EMA and the 50% FIB zone at $0.35320.Also, the looming bearish crossover between the 20 EMA and the 50 EMA signals a massive bear presence.Continued declines trigger plunges to the psychological support barrier at $0.30, whereas sudden rebounds will target $0.378 before extending higher.More By This Author:Altcoin Update: Doge At A Key Turning Point As Monero Gains On Bitcoin’s Recovery Shiba Inu Launches Early Access To Its Metaverse After A Year-Long Delay Dogecoin Approaches $20b Market Cap On Elon Musk’s Influence: What’s Next For DOGE Price?
