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Elon Musk Dogecoin Involvement and Potential Profit

Elon Musk’s official involvement with DOGE and the Department of Government Efficiency has been questioned as DOGE intensifies efforts to reduce what they consider to be excessive federal spending.

Elon Musk receiving compensation from DOGE

Elon Musk at a press conference
Andrew Harnik/Getty Images

Documentation contradicts President Trump’s November 2024 assertions that Elon and Vivek (who have since left) would lead DOGE.

President Trump stated, “These two remarkable individuals will lead my Administration’s efforts to dismantle government bureaucracy, eliminate excessive regulations, reduce wasteful spending, and restructure federal agencies—key components of the ‘Save America’ Movement. Elon and Vivek are expected to implement improvements in the efficiency of federal bureaucracy. This will improve life for Americans.

The White House clarified, however, that Elon Musk doesn’t hold an official position at DOGE.

Joshua Fisher, the Director of White House Office of Administration (WHOA), confirmed in a filing to a federal court that Elon Musk is not the leader of DOGE, and he’s not considered an employee of this organization.

What role does Elon Musk play in the White House today?

Elon Musk, who is not an employee of DOGE but acts as a consultant to the President Trump, does so despite his lack of official employment.

Elon Musk said, during a joint White House appearance, that “the American people voted for governmental reform and they are going to get it.” They will receive what they voted for – a more efficient government focused on creating technologies for a better future for humanity.”

Tanya Chutkan, a judge in New York City presided Monday over an inquiry into a suit filed by fourteen state governments to determine the scope of Elon Musk’s influence on the federal level. These states—New Mexico, Arizona, Michigan, California, Connecticut, Hawaii, Maryland, Massachusetts, Minnesota, Nevada, Oregon, Rhode Island, Vermont, and Washington—seek to restrict what they allege are overreaching activities by DOGE.

Judge Chutkan voiced reservations regarding the issue of issuing a broad injunction against Elon Musk, DOGE and their alleged firing of thousands of federal workers. She did, however, indicate that she intended to make a decision within 24 hours after Monday’s hearing.

What is an Special Government Employee?

Understanding the role of Elon Musk as a potential government employee is crucial. A Special Government Employee (SGE) is a person recruited to perform temporary government work, which generally does not exceed 130 days in a year. Established in 1962, this classification allows professionals from the private sector to provide their skills to projects of government without having to become full-time employees.

Elon Musk’s status as a SGE allows him to avoid the financial disclosure obligations that are imposed on full-time employees of the federal government. The situation has been criticized by both lawmakers and watchdogs groups. It also raised ethical questions about possible conflicts when Musk advises government officials regarding government contracts relating to electric vehicles and AI.

What is the origin of DOGE?

The President established DOGE by executive order, on 20 January 2025. This was done to eliminate wasteful government expenditures and streamline operations.

This initiative is primarily focused on reducing diversity, equity and inclusion programs. However, it also includes broader efforts to optimize government processes and eliminate contracts that are deemed unneeded by the current administration.

Demonstrators protesting budget cuts and terminations.
BRYAN DOOZIER/Middle East Images/AFP/GETTY

Teams of DOGE have been integrated in numerous federal agencies including the Department of Labor, Treasury Department and others. They are currently evaluating programs and assessing their alignment with goals and objectives of this administration.

However, critics of the program have complained about a lack in oversight. Recently, a federal judge prevented DOGE access to sensitive Treasury records including Social Security payment data. The judge’s decision highlights the danger of overreaching and the need to protect citizen data.

DOGE’s actions have also caused public unrest, with protests being held in Washington, D.C., to protest budget cuts, and the termination of employee positions. There are concerns raised about possible adverse impacts on the essential services provided by public agencies for Americans across the country.

Elon Musk is a U.S. citizen?

Elon Musk’s citizenship is a topic that has repeatedly come up in the wake of increased scrutiny. Elon was born in South Africa and lived in Canada for a while before becoming an American citizen in 2002. This status allows him to serve in advisory roles within the U.S. Government. His multiple citizenships raise ethical questions for some.

Elon Musk is a controversial figure, and his involvement with DOGE or the federal governments continues to stir debate. His supporters suggest his vast business knowledge makes him ideally suited to increase federal efficiency. Detractors of Elon Musk warn of potential conflicts of interest and unchecked powers at the highest levels of government, given his involvement both in government and other industries, including space exploration, solar energy, and AI. These industries are vital to the future development of the nation.

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