The Department of Government Efficiency (DOGE) officially ended on July 4, the sunset date set in President Donald Trump’s January 2025 executive order. According to BeInCrypto, posts from Elon Musk and Strategy executive chairman Michael Saylor fueled speculation that Bitcoin (BTC) could inherit the reform narrative, even though neither mentioned DOGE by name.
DOGE had already collapsed as a centralized body last November and its savings tracker went silent after January 1; it claimed $215 billion in savings. OMB Director Russ Vought told lawmakers no closing report is planned, Politico reported. BTC traded near $62,584, up about 1% in 24 hours.