Elon Musk offered Dogecoin founder Shibetoshi Nakamoto a position at the Department of Government Efficiency, leading to a 5% increase in Dogecoin's price and increased market attention.

The Department of Government Efficiency, or DOGE, is reportedly discussing the use of a public blockchain in its cost-cutting efforts.

DOGE builds on the United States Digital Service, now rebranded as the U.S. DOGE Service. According to Trump's executive order, the newly rebranded department will cut red tape and streamline government IT systems. Per the EO, DOGE has roughly 18 months (July 4, 2026) to achieve the administration's goal.