The DOGE is still the Department of Government Efficiency, but the iconic Doge meme imagery shared with Dogecoin is no longer present
After President Trump's election victory in November, he announced plans for the Department of Government Efficiency. However, selling pressure became evident after Trump's launch of his meme coin.
This development coincided with significant leadership changes at the US Securities and Exchange Commission (SEC) with the resignation of Gary Gensler and the appointment of pro-crypto acting chairman Mark Uyeda.
Uyeda's arrival brought optimism for a more favorable stance toward new crypto products, including the potential approval of meme coin exchange-traded funds (ETFs).
However, a unique challenge emerged with the TRUMP meme coin being included in these filings, raising questions about the SEC's approach to a product linked to the president's meme coin.
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