ELON MUSK EXITS DOGE AFTER REACHING LEGAL TIME LIMIT!
Elon Musk has indeed exited his role at DOGE (Department of Government Efficiency) after reaching the 130-day legal time limit as a Special Government Employee. Here's what's happening :
Reason for Exit: Musk's departure is due to the legal limit on his temporary government role, which was set to expire on May 30. He began the off-boarding process on May 29.
DOGE's Future: Despite Musk's exit, the White House has confirmed that DOGE's mission to reduce federal spending will continue. Musk himself stated that the mission will "only strengthen over time" as it becomes a way of life throughout the government.
Musk's Involvement: Although Musk is stepping down, he plans to ensure the initiative's success and prevent waste and fraud from resurfacing. He had previously announced plans to scale back his involvement in DOGE.
Impact on Dogecoin: There's speculation about the potential impact on Dogecoin (DOGE), the cryptocurrency closely associated with Elon Musk. Some analysts believe his withdrawal could lead to temporary market sell-offs, but Dogecoin's established user base might mitigate the effects.
Key Quotes from Musk:
- "As my scheduled time as a Special Government Employee comes to an end, I would like to thank President @realDonaldTrump for the opportunity to reduce wasteful spending. The @DOGE mission will only strengthen over time as it becomes a way of life throughout the government."#BinanceHODLerSOPH #TradingTypes101 #Bitcoin2025 #ElonMuskDOGEDeparture $DOGE