Johnson stated, "The entrepreneurs will discuss major reform ideas to achieve regulatory rescissions, administrative reductions, and cost savings with GOP lawmakers.” Related Reading: Dogecoin Bullish Takeover: DOGE To Outperform Bitcoin By 2,400% — Here’s How Musk and Ramaswamy have articulated an ambitious agenda for DOGE, including significant reductions to the federal workforce and the closure of numerous federal agencies and regulators.
This remarkable rally was initially propelled by speculative bets on Donald Trump’s victory in the US presidential election, colloquially referred to as the "Trump trade.” Following Trump’s electoral success, the momentum was sustained by the establishment of the Department of Government Efficiency (DOGE), spearheaded by Elon Musk, a prominent advocate within the Dogecoin community.
According to a CNBC report, House Speaker Mike Johnson of Louisiana announced that Musk and Ramaswamy will meet with Republican congressional leaders to discuss major reform ideas aimed at achieving regulatory rescissions, administrative reductions, and cost savings.
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