As the high-profile US presidential debate (Trump vs. Harris) approaches, speculation about Donald Trump’s potential decisions should he win the election is heating up. One topic that is generating particular interest is the potential appointment of Elon Musk to head the newly formed Commission on Government Efficiency (DOGE).
Musk and Trump – what could this (un)expected alliance mean?
Rumors of this partnership began circulating after a series of meetings between the former president and the Tesla CEO. Earlier this year, Trump publicly touted the possibility of bringing Musk into his administration, suggesting he could serve as an advisor. Musk, in his signature style, responded at the time that he was “ready to serve.”
Now, it looks like that plan is starting to take shape. In a recent speech, Trump announced his intention to create a Commission on Government Efficiency (DOGE) to conduct a comprehensive financial and efficiency audit of the entire federal government. Elon Musk would be appointed to lead the commission.
Musk for DOGE chairman?
Trump has emphasized the need for radical reforms in the US government since the beginning of his election campaign. From his perspective, cryptocurrencies can play a key role in the future of the US economy, and Elon Musk is the perfect candidate to oversee changes aimed at improving the efficiency of public spending.
According to a Reuters report, Trump has been discussing government efficiency with his advisers for several weeks, but only recently decided to reveal details of the plan. If elected in 2024, Musk would be given a key role in Trump’s administration as DOGE chairman, responsible for eliminating “fraud and improper payments” during the commission’s first six months.
It is worth noting that this is not Donald Trump’s official position, but press reports that do not necessarily have to be true. Similar rumors were spread recently about Larry Fink’s alleged appointment as US Treasury Secretary.
Is Elon Musk as DOGE Chairman a boost for the future of cryptocurrencies?
Although there is currently no official confirmation or denial of Elon Musk’s candidacy for DOGE chairman, it is worth playing the fortune teller. What would happen if these reports turned out to be true and Donald Trump became the US president again? The decision to entrust such a responsible function to Elon Musk could have far-reaching consequences.
Musk, known for his enthusiasm for cryptocurrencies, will certainly push for their greater integration into the functioning of the government. This will also be in line with Trump’s own announcements, who declared that the US would become the world capital of cryptocurrencies after his re-election. In the long term, this could affect the way the US manages its finances and the future of the entire cryptocurrency sector.
Of course, all of this remains speculative, but one thing is for sure – Trump’s collaboration with Musk on DOGE could be one of the most fascinating aspects of the upcoming presidency, should Trump win the 2024 election. The presidential debate on September 10 will certainly shed more light on these plans.
