DOGE News: Political Landscape Shifts as Democrats Grapple with Rising Popularity of Meme Cryptocurrency

Dems confront a new DOGE reality: It’s more famous than they thought

Since DOGE’s office was officially formed on January 20, left-wing aligned leaders have been publicly bashing its cutting costs measures as reckless and harmful. Internal discussions among liberals reveal that attacking the government expenditure watchdog may not be as politically-backed as anticipated. Last month, at a retreat hosted by the centrist group Third Way, moderate Democrats acknowledged the party is associated with excessive bureaucracy and inefficient government spending, a position that could weaken their argument against DOGE. A CBS News/YouGov poll released on Saturday showed that 51 percent of respondents generally approve of the Trump administration’s efforts to cut staff at federal agencies.

Musk’s DOGE and Government Consultants in Spotlight

Reports indicate that the General Services Administration (GSA) has requested federal agencies to list and justify consulting contracts from 10 companies by the end of this week. There is a history of consulting firms profiting from government inefficiencies, often hired for tasks such as enhancing website security and usability for educational loan borrowers. While the specifics remain vague, it is suggested that the GSA aims to terminate so-called “Oasis” contracts covering services like accounting, engineering, logistics, and banking. The mention of these developments indirectly involves Dogecoin (DOGE), potentially due to its association with Musk, who has previously tweeted about the cryptocurrency.

Bitwise Files for Spot DOGE ETF, Paving Way for Mainstream Access

The New York Stock Exchange Arca (NYSE) has proposed a rule change to list and facilitate the trading of shares for the Bitwise Asset Management Dogecoin (DOGE) exchange-traded fund (ETF). A subsidiary of the NYSE filed the 19b-4 proposal on March 3, which, pending approval from the U.S. Securities and Exchange Commission (SEC), would allow the exchange to list the Bitwise Dogecoin ETF, providing investors with direct exposure to the popular meme coin.