Elon Musk has been appointed to head the Department of Government Efficiency, or DOGE, by President-elect Donald Trump. This new role positions Musk to reshape federal regulations and streamline government bureaucracy, with potential benefits for his businesses. Tesla shares surged nearly €250 billion since the election, while Musk’s preferred cryptocurrency, Dogecoin, saw a significant rise. Despite a rocky political history, Musk’s increasing influence in Trump’s administration may herald a more favorable regulatory landscape for his ventures, especially as the crypto industry anticipates a supportive economic team under Trump.

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