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#DODGE The term "Doge" refers to two distinct entities: Dogecoin, a cryptocurrency, and the Department of Government Efficiency (DOGE), an unofficial US government advisory body. Dogecoin is a playful, internet-based cryptocurrency with a dog-themed mascot. DOGE, on the other hand, is a Trump administration initiative aimed at streamlining government operations and cutting costs, established by executive order. Dogecoin (cryptocurrency): Nature: A decentralized, peer-to-peer digital currency, often referred to as a "meme coin". Origin: Created in 2013 by software engineers Billy Markus and Jackson Palmer as a lighthearted alternative to other cryptocurrencies. Purpose: Originally intended as a fun, community-driven cryptocurrency, it gained popularity for its low price and friendly branding. Current Status:While it remains active, it's not a mainstream form of payment and is more of a speculative investment or novelty item. Department of Government Efficiency (DOGE): Nature: An unofficial advisory body within the US federal government, not a formally established agency. Origin: Established by President Trump in 2025 through an executive order. Purpose: To identify and eliminate waste, fraud, and inefficiency in government spending, modernize IT systems, and streamline regulations. Authority: While not a formal agency, it has the power to influence government operations through its recommendations and the influence of its members, like Elon Musk. Timeline: Its operations are slated to cease by July 2026, unless extended by another executive order. Key Figures: Elon Musk was initially a key figure in DOGE, but has since stepped back, though he remains an unofficial advisor. Criticism: DOGE has faced criticism for its lack of transparency, potential for misuse of power, and questionable claims about cost savings. $BTC
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$BNB Senator Lummis Introduces New Crypto Tax Bill for Bitcoin Users and Miners: A powerful new crypto tax bill just landed in the U.S. Senate, and it could make a big difference for anyone using or holding digital assets like Bitcoin. Senator Cynthia Lummis is leading the charge to fix what she calls "unfair" and "outdated" tax rules that are hurting innovation and everyday users. No More Taxes on Small Crypto Payments: One of the biggest highlights of Senator Lummis’s bill is a special $300 rule. Under this, small crypto transactions like buying lunch or coffee won’t trigger tax reports. That means people can use digital assets like real money without worrying about tax trouble. There’s a limit, though: the total tax-free gains per year must stay under $5,000. Starting in 2026, the $300 amount will also adjust for inflation. This rule could finally make crypto spending as easy as using a debit card. Fairer Rules for Miners and Stakers: The bill also wants to help crypto miners and stakers, people who help run blockchains and earn tokens in return. Right now, miners and stakers often have to pay taxes the moment they receive tokens, even if they don’t sell them. Meanwhile, with this new bill, taxes will only be due when the coins are sold or used. This helps avoid double taxes and makes it easier for people and companies to plan without worrying about sudden tax bills. Making Crypto Lending and Giving Easier:The bill also supports crypto lending. It extends the same tax rules used for stock lending to digital assets. So, lending your crypto temporarily won’t count as a sale and won’t trigger taxes. Boosting Innovation, Not Burdening It: Lummis says this plan could bring in about $600 million in tax revenue over the next ten years. But more importantly, she argues it will protect innovation in America. $BTC
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