US President-elect Donald Trump has picked Elon Musk to lead a newly created Department of Government Efficiency (Doge) for his incoming administration
He announced that Vivek Ramaswamy, a biotech investor, will work with the SpaceX and Tesla founder on the project – whose acronym refers to Musk’s favourite cryptocurrency Dogecoin – to “dismantle” bureaucracy.
The pair will provide external advice to the White House on how to “drive large scale structural reform”, said Trump.
Earlier, Trump announced the nomination of the Fox News host and combat veteran Pete Hegseth to be his defence secretary and named John Ratcliffe – a former Texas congressman and federal prosecutor – to lead the CIA.
Musk – a mega-donor to the Trump campaign – has been hotly tipped for a role in the administration. Ramaswamy ran as a Republican candidate for president earlier this year against Trump, before dropping out and endorsing him.
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Elon Musk has started reaping from his labour.
Bitcoin rose, Tesla getting there and then an appointment. Elon’s year is here
OKAY