ChainCatcher news, Gemini co-founder Cameron Winklevoss believes that the initiatives of the Department of Government Efficiency (DOGE) are crucial in combating inflation, the "silent tax."It is reported that DOGE proposed to eliminate government waste and combat inflation in the United States. Last month, the inflation rate in the U.S. rose by 2.6% year-on-year, slightly higher than in September.Winklevoss emphasized the importance of addressing rising prices, stating that it imposes a disproportionate burden on low-income Americans, and he believes that these measures by DOGE are essential for achieving economic fairness and sustainability.

ChainCatcher news, according to Jinshi reports, Trump will appoint Musk (along with Ramaswamy) to lead the new Office of Government Efficiency. Musk announced during the campaign that he would cut U.S. federal spending by $2 trillion (nearly one-third). Ulrich Leuchtmann, head of foreign exchange and commodity research at Deutsche Bank, pointed out that this would have catastrophic consequences for the U.S. economy: "Musk does not believe in gradual and cautious approaches. I do not believe he can take a wise step.Some may say that their suggestions would only be suggestions, with the president and Congress in front during actual implementation. But if the suggestions are not going to be implemented, then why establish such an agency? The president would appear indecisive, which is exactly what Trump does not want to see.Using a radical austerity plan to create a bullish argument for the dollar is very clever, as it will significantly reduce the capital needs of the U.S. Treasury, thereby lowering the capital needs of the entire economy. U.S. government bonds will become scarce and expensive again. However, I believe that the dollar may initially be influenced by the inevitable expansionary monetary policy response."