DOGE News: Trump Endorses Elon Musk’s DOGE Amid Market Turmoil and Protests

In a surprising twist, former President Trump has thrown his weight behind Elon Musk’s controversial Department of Government Efficiency (DOGE) initiative, which has sparked widespread debate and protests. Here’s a closer look at the developments surrounding Doge and its potential implications for the cryptocurrency market.

Trump Praises Elon Musk’s DOGE in Congressional Address

In a speech amidst chaos in stock and crypto markets due to new tariffs, Trump doubled down on his support for Elon Musk’s Department of Government Efficiency (DOGE), which aims to reduce federal spending and slash jobs. Trump commended Musk, stating that he is doing America a favor. Democrats, accompanied by military veterans and former government workers who lost their jobs due to Musk’s campaign, protested with signs reading ’False’ and ’Protect veterans’.

SEC Offers $50K Buyout to Employees Amid Staffing Changes

The U.S. Securities and Exchange Commission (SEC) has offered its employees a $50,000 incentive to resign or retire amid a wave of staffing changes. A Bloomberg report revealed that SEC Chief Operating Officer Ken Johnson informed employees via email that the agency is offering a voluntary separation and retirement incentive. The program encourages staff members to resign or retire by April 4 in exchange for a financial package. SEC employees who joined the agency in January 2024 are eligible for the incentive program, with a March 21, 2025, deadline to accept the offer. Under the program, employees can resign, retire, or transfer to another agency to receive the incentive. However, those who return to the SEC within five years must repay the full amount.

Dogecoin Flashes Buy Signal, Price Rebound On The Horizon

Crypto analyst Trader Tardigrade has revealed that Dogecoin has flashed a buy signal, indicating a potential price rebound. The weekly Relative Strength Index (RSI) has fallen to a potential rebound zone, suggesting a bullish reversal could be in the works. The analyst predicts that Dogecoin could rebound above $0.8 on this bullish reversal, potentially reigniting its bull run.