Elon Musk, who played a pivotal role in the Department of Government Efficiency (DOGE), stated during an interview with CBS Sunday Morning that he has decided to step back from this role. His primary mission was to reduce government spending in the United States with the aim of cutting the budget deficit.
Dispute with the "Bill Act" legislation supported by Trump:
It seems that the financial bill known as the "Bill Act", which is currently being discussed in Congress and has the support of President Donald Trump and the Republican Party, contradicts the austerity principles that Musk has defended through DOGE. Musk has expressed his disappointment over this bill that increases government spending.
Focus on his private companies:
In light of this political landscape that does not support his directions, it seems that Musk has decided to refocus on his private companies, especially Tesla and SpaceX. This retreat has also appeared in the field of digital currencies:
He has not made any new statements regarding Dogecoin, which he was one of the biggest supporters of.
He has also not spoken again about his previous promise to resume accepting Bitcoin for purchasing Tesla cars, which was conditional on miners using a significant amount of non-carbon energy – a condition he believes has not been met yet.