Elon Musk Voices Concerns Over Budget Deficit’s Impact on DOGE Amid Trump’s Spending Bill

In a recent Bloomberg interview, Elon Musk, the CEO of Tesla and SpaceX, publicly criticized former President Donald Trump over a government spending bill that he believes exacerbates the budget deficit. Musk, a significant investor in Trump’s 2024 campaign, expressed his disappointment, highlighting the potential negative repercussions on the Department of Government Efficiency (DOGE). Musk’s comments come at a time when the DOGE price stands at 0.22354000 USDT, sparking discussions about the cryptocurrency’s future amidst fiscal policy changes. This article delves into Musk’s critique, the implications for DOGE, and the broader context of cryptocurrency in the current financial landscape.

Elon Musk Criticizes Trump Over Budget Deficit Impact on DOGE

Elon Musk has publicly criticized former President Donald TRUMP over a recent government spending bill, citing its negative impact on the budget deficit and, by extension, the Department of Government Efficiency (DOGE). The Tesla and SpaceX CEO, who has invested heavily in Trump’s 2024 campaign, expressed his disappointment during a Bloomberg interview. "I was disappointed to see the massive spending bill," Musk stated, emphasizing that it undermines efforts by the Doge team.

Musk’s comments highlight his growing frustration with fiscal policies that could affect cryptocurrency markets. His remarks come amid heightened scrutiny of government spending and its Ripple effects on digital assets. The DOGE reference, though initially ambiguous, underscores Musk’s continued influence in both political and crypto spheres.

Elon Musk’s Business Challenges and Crypto Implications

Elon Musk’s empire faces mounting pressures as Tesla’s European sales plummet by over 50%, triggering a strategic pivot back to industrial fundamentals. The tech mogul simultaneously withdraws from government efficiency roles ahead of schedule, signaling intensified focus on Core ventures.

X Money emerges as a potential game-changer, poised to disrupt payments with its 600-million-user base. This development could catalyze broader crypto adoption, particularly for DOGE—despite its recent failure to deliver promised savings. Musk’s ventures continue casting long shadows across both traditional industries and digital asset markets.

US Lawsuit Against Elon Musk & DOGE Proceeds, Dogecoin Price Dips

A federal judge has greenlit a lawsuit filed by 14 U.S. states targeting Elon Musk and the Department of Government Efficiency (DOGE), rejecting a motion to dismiss from the Trump administration. The legal action alleges constitutional violations in Musk’s Doge-related federal spending cuts, with the court filing stating: "The Constitution does not permit the Executive to commandeer the entire appointments power by unilaterally creating a federal agency."

Dogecoin’s price fell nearly 3% to $0.22 following the ruling, extending its recent decline. While claims against former President Trump were dismissed, the case against Musk and Doge moves forward, casting uncertainty over the meme coin’s regulatory outlook.