Vivek Ramaswamy Exits DOGE to Focus on Ohio Governor Run

The Hong Kong Legislative Council held its first session to review a proposed stablecoin bill. Introduced in December, the legislation aims to establish clear regulatory guidelines and bolster Hong Kong’s position as a cryptocurrency hub. - The Coinomist

Vivek Ramaswamy has officially stepped away from his role in the Decentralized Open Governance Experiment (DOGE). His departure leaves Elon Musk as the sole leader of the initiative.

The decision, announced on January 20, coincides with Ramaswamy’s campaign for Ohio governor, signaling a shift in his political focus.

In a post on X, Ramaswamy called it an “honor” to have been a part of DOGE and teased an announcement about his political future.

For those not in the loop, DOGE isn’t just another cryptocurrency meme – it’s an experiment using blockchain tech to shake up how governance works. 

Trump announced the government department in November 2024 to slash excess regulations and restructure Federal agencies among other tasks. 

With Ramaswamy out, questions remain about how DOGE will evolve – and whether Musk can maintain its momentum amid his other ventures. 

At the moment, DOGE faces legal challenges. Just after Donald Trump officially took office, a lawsuit was filed in the Federal Court saying that the president doesn’t have the authority to create official government departments without Congress passing a law to do so. 

The public interest law firm National Security Counselors claims that Musk’s efficiency panel should count as a “federal advisory committee.” 

These committees are supposed to follow rules to make sure the government gets transparent and balanced advice. 

But, according to the firm, Musk’s panel isn’t meeting the legal requirements of having diverse representation, keeping proper records of its meetings, and allowing public access for oversight.

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