Trump Hosts Musk for Final White House Briefing – Coincu

Donald Trump and Elon Musk held a press conference on May 30, 2025, in the Oval Office to mark Musk’s final day as a government advisor. Musk stated, “As my scheduled time as a Special Government Employee comes to an end, I would like to thank President @realDonaldTrump for the opportunity to reduce wasteful spending.”

The event highlighted Musk’s government efficiency efforts and underscored his influence on Dogecoin’s market dynamics.

Musk’s Government Role Ends: $150 Billion Saved

Donald Trump and Elon Musk met in the Oval Office to mark Musk’s departure from his government role. According to a USA Today article, Musk served as a special government employee, focusing on reducing wasteful spending and economic efficiency within the Trump administration.

Musk’s exit concludes his efforts on government spending cuts, having modest success with a reduction from a projected $2 trillion to $150 billion. This move signifies a return to his leadership at Tesla and SpaceX.

Market reactions to this event focused on Musk’s role with Dogecoin. While there was no immediate impact on the cryptocurrency market, Musk’s historical influence on DOGE has caused price shifts in the past.

Dogecoin Market Sentiment Amidst Musk’s Exit

Did you know? President Trump’s previous policies capable of impacting cryptocurrency regulations often correlated with broader market reactions, even without direct regulatory changes.

As of May 30, 2025, Dogecoin trades at $0.21, with a market cap of $31.75 billion according to CoinMarketCap. Recent data indicates a 24-hour price decrease of 4.72% and a significant 7-day drop of 13.71%.

The Coincu research team suggests Musk’s departure may lead to reduced direct media influence on Dogecoin. While no immediate regulatory changes are forecasted, market sentiment around DOGE should be closely monitored due to Musk’s ongoing media presence and the political implications of his departure.