Elon Musk Touts ‘DOGE’ Agency While Endorsing Trump During Pennsylvania Town Hall — Dogecoin Goes Soaring Over 8%
Elon Musk, CEO of Tesla Inc. and owner of social media platform X, threw his support behind former President Donald Trump during a campaign town hall on Thursday while floating the idea of a new government agency named after a cryptocurrency meme.
What Happened: Speaking to voters in suburban Philadelphia, Musk outlined his vision for the “Department of Government Efficiency” popularly called D.O.G.E. — a name referencing the Dogecoin (CTYPTO: DOGE) cryptocurrency that began as an internet joke featuring a Shiba Inu dog.
The world’s wealthiest person emphasized Pennsylvania’s critical role in the upcoming presidential election between Trump and Democratic candidate Kamala Harris.
“Pennsylvania will determine the fate of western civilization,” Musk told the audience at the voter mobilization event.
The tech entrepreneur laid out what …