DOGE News: Dogecoin Eyes Breakout Towards February Highs, Trump Exploits Loophole

Dogecoin (DOGE) is showing bullish signs and could potentially reach February's highs, while President Trump exploits a loophole to keep D.O.G.E. funds frozen.

Dogecoin Eyes Breakout: Bullish Cues Could Push DOGE Towards February Highs

With continued bullish market cues, Dogecoin (DOGE) may soon make a move toward the next significant resistance at $0.31. Traders are closely watching to see if Dogecoin can break past this level and continue its ascent. The sentiment surrounding Dogecoin remains mixed, but the current positive funding rate indicates that traders are leaning bullish.

Trump Exploits Loophole to Keep D.O.G.E. Funds Frozen

President Trump has exploited a legal loophole to keep D.O.G.E. funds frozen, despite court orders. Instead of openly defying the courts, Trump's team has placed political appointees inside government agencies, instructing them to pause spending under different legal justifications. The result is that the money remains locked up, while the administration claims it is complying with court orders. This strategy has been confirmed by Pete Marocco, a Trump appointee leading efforts to dismantle the U.S. Agency for International Development (USAID). Marocco admitted that USAID officials had been told to disregard Trump’s freeze order, but the money has not started moving due to technicalities in the agency's payment system.

White House Clarifies Musk's Role in D.O.G.E.

The Trump administration has clarified Elon Musk's role in D.O.G.E., stating in a legal filing that he is merely an adviser and not a decision-maker. This clarification comes as a new poll shows 55% of Americans believe Musk has too much influence. The White House is playing both sides, allowing Musk to take credit for D.O.G.E. while legally denying his authority to avoid constitutional challenges and weaken Trump’s populist image.