Dogecoin Slides As Elon Musk Says He 'Got Carried Away' With Government Efficiency Push
Dogecoin (CRYPTO: DOGE) plunged 6% on Thursday, as Elon Musk admitted in an Economist interview that he got “carried away” with politics and the Department of Government Efficiency. In a wide-ranging interview with the Economist, Musk said he backed Trump with $200 million in 2024 before heading the so-called Department of Government Efficiency, overseeing $150 billion in budget cuts and forcing tens of thousands of people out of federal jobs.