BlockNews
FOLLOW ON X
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
Home FINANCE

Elon Musk Steps Down from DOGE, Remains Trump Advisor

Michael Juanico by Michael Juanico
May 30, 2025
in FINANCE, POLITICS
Share on XShare in TelegramShare on Reddit
  • Elon Musk stepped down as DOGE chief but will still advise President Trump moving forward.
  • During his tenure, the DOGE team saved over $160 billion for FY 2025–26 and aims to hit $200 billion soon.
  • Musk described DOGE as a long-term movement, comparing it to a “way of life” that will keep growing in influence.

Elon Musk’s time leading the Department of Government Efficiency (DOGE) has wrapped up, but he’s not disappearing from the scene. Musk described his role as a “limited-term assignment,” noting it’s time to shift focus back to Tesla and SpaceX. Despite stepping down, he promised to stay on as a friend and adviser to President Trump, keeping ties strong with the White House.

🇺🇸 ELON MUSK: WILL BE AN ADVISOR TO TRUMP—THIS IS NOT THE END OF DOGE, BUT REALLY THE BEGINNING pic.twitter.com/0ASC5NFndh

— BlockNews (@blocknewsdotcom) May 30, 2025

A Humble Farewell with a Touch of Humor

Wearing a jacket over a shirt that cheekily read “The DOGE-Father,” Musk kept things lighthearted during his farewell press conference. Trump, standing nearby, praised Musk’s work as “historic” and said their friendship was “truly special.” Musk emphasized this isn’t the end for DOGE, calling it a philosophy, even comparing it to Buddhism—“a way of life” that will continue to drive transformation in government.

Billions Saved and Bigger Goals Ahead

During his tenure, Musk and the DOGE team calculated over $160 billion in savings for the 2025–26 fiscal year, a number that’s expected to rise past $200 billion. The mission? Eliminate waste, curb inefficiency, and inject some serious innovation into the public sector. Musk believes this is only the beginning of what DOGE can achieve.

.@VP on @elonmusk: "I think what he's done is really incredible… the DOGE effort will continue… and most importantly, the job, the job of making the government more efficient — of not wasting people's money — that has to continue. I think it's one of the most important… pic.twitter.com/w1S3Dfhweg

— Rapid Response 47 (@RapidResponse47) May 30, 2025

Still on the Radar, Just Not in the Spotlight

Although he’s moving away from his government role, Musk isn’t leaving the conversation. He plans to keep advising Trump and supporting DOGE’s evolution behind the scenes. For now, though, it’s back to rockets, EVs, and reshaping the future—one project at a time.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: DOGEElon MuskPresident TrumpSpaceXtesla
Tweet1ShareShare
Michael Juanico

Michael Juanico

Michael is a BSBA Management graduate from Mindanao State University and has been a professional content writer since 2019. He began exploring cryptocurrency in 2021 and has since made blockchain and digital assets his primary focus. For nearly four years, Michael has contributed research and editorial content at Aiur Labs and BlockNews, producing clear and accessible coverage of market trends, trading strategies, and project developments. He is transparent about his personal holdings in Bitcoin, TRON, and select meme tokens, combining writing expertise with hands-on market experience to deliver trustworthy insights to readers.

DON'T MISS THESE! HOT OFF THE PRESS

Bitmine Expands Massive Ethereum Treasury – Here Is Why the ETH Bet Matters
CRYPTO

Bitmine Expands Massive Ethereum Treasury – Here Is Why the ETH Bet Matters

March 9, 2026
Strategy Buys $1.3B More Bitcoin – Here Is Why the MSTR BTC Bet Keeps Growing
BITCOIN

Strategy Buys $1.3B More Bitcoin – Here Is Why the MSTR BTC Bet Keeps Growing

March 9, 2026
Bank of Canada’s Tokenized Bond Trial Quietly Signals Where Global Finance Is Headed Next
CRYPTO

Bank of Canada’s Tokenized Bond Trial Quietly Signals Where Global Finance Is Headed Next

March 9, 2026
Shiba Inu Investor Growth Slows – Here Is Why SHIB Adoption Is Stalling
CRYPTO

Shiba Inu Investor Growth Slows – Here Is Why SHIB Adoption Is Stalling

March 9, 2026
Banks Need the Digital Asset Clarity Act More Than Crypto — And Wall Street Knows It
CRYPTO

Banks Need the Digital Asset Clarity Act More Than Crypto — And Wall Street Knows It

March 9, 2026
Nasdaq’s 24/7 Tokenized Stock Plan With Kraken Signals the Slow Death of Wall Street’s 9-to-5
CRYPTO

Nasdaq’s 24/7 Tokenized Stock Plan With Kraken Signals the Slow Death of Wall Street’s 9-to-5

March 9, 2026
Load More

Related News

Bitmine Expands Massive Ethereum Treasury – Here Is Why the ETH Bet Matters

Bitmine Expands Massive Ethereum Treasury – Here Is Why the ETH Bet Matters

March 9, 2026
Strategy Buys $1.3B More Bitcoin – Here Is Why the MSTR BTC Bet Keeps Growing

Strategy Buys $1.3B More Bitcoin – Here Is Why the MSTR BTC Bet Keeps Growing

March 9, 2026
Bank of Canada’s Tokenized Bond Trial Quietly Signals Where Global Finance Is Headed Next

Bank of Canada’s Tokenized Bond Trial Quietly Signals Where Global Finance Is Headed Next

March 9, 2026
Shiba Inu Investor Growth Slows – Here Is Why SHIB Adoption Is Stalling

Shiba Inu Investor Growth Slows – Here Is Why SHIB Adoption Is Stalling

March 9, 2026
Banks Need the Digital Asset Clarity Act More Than Crypto — And Wall Street Knows It

Banks Need the Digital Asset Clarity Act More Than Crypto — And Wall Street Knows It

March 9, 2026
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews is your premier source for real-time cryptocurrency, blockchain, political and financial market news.

Stay ahead of the herd with BlockNews

RESOURCES

  • About Us
  • Contact Us
  • Editorial Policies
  • Terms and Conditions
  • Privacy Policy
  • Sitemap

DISCLOSURES AND POLICIES

BlockNews provides independent reporting on crypto, blockchain, and digital finance. Content is for informational purposes only and does not constitute financial advice. Sponsored material is always disclosed. By using this site, you agree to our Terms and Conditions and Privacy Policy.

© 2025 BlockNews

Manage Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
Manage Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • LITECOIN
    • CHAINLINK
    • SUI
  • MEMECOINS
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2025 BlockNews