The tycoon mixes politics, futurism and cryptocurrencies.
The market is cautious about notices of a possible lawsuit against the DOGE department.
With Donald Trump as president, Elon Musk sees a conquest that goes beyond planet Earth. So today, at a government event at the Capital One Center stadium in Washington, the CEO of Tesla and SpaceX said: “We will take DOGE to Mars”, a clear nod to the cryptocurrency meme, and causing an explosion of euphoria in the community that revolves around it.
In his brief speech, Musk mixed politics with his futuristic and optimistic vision of the advancement of humanity. As is already known, he leads ambitious space projects, which he has repeatedly used to encourage the dogecoin community. And this time it was no different from other occasions, even though he now heads the Department of Government Efficiency (DOGE), whose The goal will be to advise President-elect Donald Trump on spending cuts and regulatory reforms.
Therefore, as part of the new presidential cabinet, Musk addressed an effusive audience at the stadium, home of the city’s basketball team, the Washington Wizards. He then described Trump’s election as “a turning point in human civilization,” underlining the importance of this historic moment.
«This was no ordinary victory; “It was a fork in the road of human civilization,” he said, thanking those present for contributing to this result. “Thanks to you, the future of civilization is assured,” he added, emphasizing expected achievements such as safe cities, secure borders and sensible spending.
A few hours earlier, during the swearing-in ceremony in the Capitol Rotunda, Trump promised to plant the US flag on Marsto which Musk, present at the event, applauded in a peculiar way, raising his thumbs in approval.
Previously, the magnate, owner of the social network The billionaire has accelerated efforts to reach the Chinese space agency, which plans to obtain the first Martian samples in 2030 and, to achieve this, now has the president of the United States as its main ally.
The dogecoin mascot dresses up as an astronaut, or will it crash?
When Elon Musk uttered the phrase “we will take DOGE to Mars”, there was an immediate reaction from the community that revolves around the main memecoin on the market. Thousands of memes were shared on social media, along with the segment of the video in which Musk says he will take the cryptocurrency to Mars.
However, the reactions timidly contributed to the crypto asset recovering the fall it suffered since Trump’s Solana coin was launched on the market, while the momentum of memes changes.
Dogecoin rose to a more than one-month high price above $0.43 on Friday, ahead of the launch of the TRUMP cryptocurrency. Then, it quickly fell, dropping to a current price of $0.35, according to TradingView.
If anything, there are signs that the dogecoin market is showing signs of unease, apparently due to a lawsuit revealed by the Washington Post. Through this, the new Department of Government Efficiency would be accused of violating federal regulations by not complying with the requirements of the Federal Advisory Committees (FACAs). According to the complaint, the government department DOGE should be treated as a FACA, a legal entity obligated by the US government to provide transparent and balanced advice to the administration, something it would not have done, until now.
His statement about taking DOGE to Mars, delivered at an official event, has raised questions about the integrity and transparency of his government position, especially in the context of a potential lawsuit challenging DOGE’s compliance with federal regulations.
