A day after the Department of Government Performance ( commonly referred to as D. O. G. E. ) was established by Donald Trump, a site for the Elon Musk-led Department has appeared, strongly featuring the Dogecoin symbol. As a result, Dogecoin has jumped 14 % to a market cap of$ 58 billion.

The page, Doge. state, was registered in Los Angeles, California on Tuesday by an employee of the U. S. Cybersecurity and Infrastructure Security Agency. even called the secretary phone number that confirmed that this is an official state site. Elon Musk and the standard D. O. G. E. X, previously known as Twitter, records are yet to publish the Dogecoin branded site.

The Department’s word is the same as Dogecoin’s homepage of DOGE, a joke coin that Musk has publicly supported for decades. Musk’s optimistic development of Dogecoin has recently led to the Tesla CEO being investigated by the SEC and a 2023 business adjustment complaint.

Doge. state is a stripped backside site and possibly still under development. It has a black backdrop and a couple of lines of text. The largest have on the site is the Dogecoin brand. It is worth noting, that it is obviously the Dogecoin emblem and not just the classic Shiba-Inu photo as it is inside a gold coin in little cartoonish styling—almost similar to the Dogecoin logo, only excluding the light D. Plus, when checking the source code of the website, there is Doge ASCII artwork on the first column.

As such, Dogecoin ( DOGE ) has spiked 14. 4 % in just 30 minutes to a price of$ 0. 396. It has since retraced to$ 0. 3782.

Days after Trump was inaugurated on Monday, D. O. G. E. was served a petition which alleged the company was fraudulently operating as a national expert council. By doing this, it circumvents the Federal Advisory Committee Act’s guidelines on hiring, statements, and other things, the complaint stated.  

The Federal Advisory Committee Act is a federal laws that oversees federal advisory boards to ensure that its people have a well-rounded perspective on topics with evident practices and open public records. D. O. G. E. does not match criteria set out by this law despite operating as an expert council, the lawsuit alleges.

It was also revealed on Monday that Musk was set to become the only president of D. O. G. E. . This comes after Vivek Ramaswamy, a biotech entrepreneur, stepped down in a charge for chancellor of Ohio.

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