Trump appoints Musk to head Office of Government Efficiency (DOGE)

US President-elect Donald Trump has appointed Tesla CEO Elon Musk as head of the Department of Government Efficiency (DOGE), media reports have said.
The Department of Government Efficiency (DOGE) is a de facto committee tasked with breaking down bureaucracy and reducing excessive regulation.
The aim is to reduce the amount of money that can be spent on cryptocurrencies. The abbreviation for the Ministry of Government Efficiency is exactly the same as the ticker for Dozicoin (DOGE). For these reasons, Dozicoin has been skyrocketing so far.
Immediately after this news was announced, DoZico rose 25% from 24 hours ago on CoinMarketCap, a global coin market relay site.
This has caused Dozicoin to surge by almost 100% in the past week, dwarfing Bitcoin’s 26% gain.
On this day, President-elect Trump said, "I have met with Tesla CEO Musk and former Republican presidential candidate and co-founder of Strive Asset Management, Vivek Kumar.
"Together, they will work to restructure federal agencies, including by dismantling government bureaucracy, reducing excessive regulation, and cutting wasteful spending," he said in an official statement.
"This will pave the way for that."