Musk further reveals plans for 'Ministry of Government Efficiency' during Trump campaign, driving DOGE tokens higher

PANews reported on October 18 that, according to CoinDesk, Doge (DOGE) rose after the market close in the US on Thursday as entrepreneur Elon Musk further disclosed his proposed "Department of Government Efficiency" plan at a town hall in Pennsylvania. The event encouraged early voting in key swing states with a balance of Republican and Democratic power. The proposed department, abbreviated as DOGE, will seek to improve the efficiency of government use of taxpayer funds while streamlining the departments responsible for spending. Musk stated in Thursday's town hall meeting that the proposed department could operate like a company, rewarding those who perform well and punishing those who fail to achieve results. Crypto traders expect that a Trump victory could lead to more discussion about "Doge", and if Doge really becomes part of the government, it will spark the attention and interest of retail investors in the future. According to CoinGecko data, the DOGE token price is currently reported at $0.1333, up 8.6% in the last 24 hours.