Elon Musk’s job offer to Dogecoin founder ignites debate in crypto community

Elon Musk has stirred the crypto market after inviting Billy Markus, Dogecoin’s founder, to join the Department of Government Efficiency (D.O.G.E).

The offer extended via X was made in response to Markus’ post, and it led to a wave of market speculation about the potential impact on Dogecoin’s price if he joined the advisory panel.

Elon Musk invites Dogecoin Founder to join D.O.G.E.

Elon Musk appears to be moving on with recruitment just a few hours after being accused by a labor union. In a reply to the Dogecoin founder on X, Elon Musk commented, “Wanna work at D.O.G.E? Would be kinda perfect.” This statement was a response to Markus’ post, which stated, “ok I am officially unemployed, help.”

Although Markus quickly deleted the post, Musk’s reply sparked speculation about how such a move could affect the Dogecoin market.

Musk is the lead for the government advisory panel, D.O.G.E. He was supposed to co-run the effort with Vivek Ramaswamy, but the latter billionaire and Bitcoin fan departed this week for an apparent run at the Ohio governorship office.

Considering these developments, the possibility of the Dogecoin founder joining D.O.G.E. is not entirely out of the question.

Labor union accuses Elon Musk’s D.O.G.E. of federal law violation

A labor union recently accused Elon Musk’s D.O.G.E. of posting a job opportunity that contradicted federal laws. 

The Trump administration’s widely discussed yet vaguely defined initiative to reform the federal government announced on its official website that it was recruiting “full-time, salaried positions” for software engineers, information security engineers, and “other technology professionals.”

Musk shared the announcement on X, his social media platform, and it quickly sparked criticism from Steve Lenkart, executive director of the National Federation of Federal Employees, which represents approximately 110,000 federal workers.

“This is an application to apply for a corrupt organization to do corrupt things,” said Steve Lenkart. He added that it was a violation of federal law if they were using it to give or deny someone a job.

Elon Musk boosts Dogecoin sentiment with sarcastic comments and blockchain plan

The Department of Government Efficiency faced three lawsuits right after Donald Trump’s inauguration. This saga, in turn, led to market turbulence for Dogecoin.

Musk’s apparently sarcastic comments on the recent matter appear to have uplifted the mmecoin’s market sentiment. Further, the American entrepreneur also ignited market optimism with his “DOGE to Mars” comment. 

Recent reports have also shown that Musk is exploring blockchain technology to increase the efficacy of the newly formed department that aims to cut US federal spending.

Overall, these developments garnered significant attention for the original meme token and Elon Musk’s D.O.G.E department, while Markus’s recent invitation further stimulated investor enthusiasm for the asset.

The rise in Dogecoin’s price follows developments around the Elon Musk-led agency Department of Government Efficiency. The D.O.G.E, which was created to reduce government spending and increase regulatory efficiency, launched its official website on January 21.

As of the time of writing, Dogecoin has increased by 5% in the last day and is now worth $0.3341. The coin’s price reached $0.3386 at its highest during intraday trading and $0.3078 at its lowest.

Market observers are particularly bullish, with some expecting the price to reach $0.4835, last year’s high, and potentially rise further to $0.7373, a 2021 peak, before hitting the milestone $1 mark.

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