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Market News

Elon Musk Steps Down from Trump Admin After DOGE Oversight Role

Written By:
Shruti Lakhlani

Reviewed By:
Dhara Chavda

Last updated: February 3, 2026 1:23 PM
Published 2025-05-29
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Elon Musk Steps Down from Trump Admin After DOGE Oversight Role

Billionaire entrepreneur Elon Musk has announced his exit from the Trump administration’s Department of Government Efficiency, also known as DOGE, concluding a temporary role in which he spearheaded efforts to streamline federal operations and reduce government spending. 

Posting on his platform X (formerly Twitter), Musk expressed gratitude to U.S. President Donald Trump for appointing him to oversee the DOGE. The initiative had been focused on trimming bureaucracy and reducing federal job numbers across multiple agencies. 

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 @DOGE mission will only strengthen over time as it becomes a way of life throughout the government.

— Elon Musk (@elonmusk) May 29, 2025

Musk wrote, “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.”  Doge is more than a department—it’s a mindset that will continue to grow. 

White House officials began the formal process of offboarding Musk late Wednesday. His role was capped at 130 working days per year under the rules governing special government employees, a limit he was expected to reach by the end of May.

Although his exit had been anticipated, it came just one day after Musk publicly criticized Trump’s latest budget proposal. Speaking to CBS, he voiced concerns about the multi-trillion-dollar tax cuts and increased defense spending included in the legislation, which he believes will worsen the national deficit.

Musk didn’t hold back in his comments, stating that the bill may be big and it may be beautiful, but it can’t be both. Originally from South Africa, Musk’s involvement in government was always intended to be short-term. However, his influence on the Department of Government Efficiency—and the broader push for a more accountable federal system—is expected to resonate long after his departure.

Also read: Elon Musk’s X to Launch Smart Cashtags for Stocks and Crypto Tracking

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Shruti Lakhlani- Crypto Journalist at The Crypto Times
By Shruti Lakhlani
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Shruti Lakhlani is a Crypto Journalist with over 5 years of experience in media and digital content. She specializes in covering the latest developments in the cryptocurrency industry, including major updates in the U.S. markets and global regulatory policies.
Dhara Chavda- Crypto Research Analyst at The Crypto Times
By Dhara Chavda
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Dhara Chavda is a Content Strategist and Research Analyst with 5 years of experience in the crypto industry. She holds a Bachelor’s degree in Computer Engineering and brings a strong technical perspective to her work. Dhara specializes in DeFi, price analysis, and the core mechanics of cryptocurrencies. She also works on crypto news, including research, analysis, and assigning stories, ensuring accurate and timely coverage of key developments in the space.

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