Vivek Ramaswamy resigned as co-leader of the Department of Government Efficiency (DOGE) months after his appointment.
His departure was announced on January 21, coinciding with President Donald Trump’s second term inauguration, leaving Elon Musk as the sole leader of the initiative focused on federal cost-cutting.
In a statement on X, Ramaswamy expressed pride in helping to establish DOGE and voiced confidence in Musk and the team’s ability to streamline government operations. He hinted at future plans, particularly in his home state of Ohio, promising to share more details soon while reaffirming his commitment to supporting Trump’s vision to “make America great again.”
Sources close to the situation suggest that Ramaswamy is preparing to announce his candidacy for Ohio governor, aiming to succeed Governor Mike DeWine, whose term ends in January 2027 due to term limits.
Anna Kelly, a DOGE official, confirmed Ramaswamy’s plans to run for elected office, citing structural policies within the advisory group that bar active members from pursuing political campaigns. Recent reports suggest increasing tension between Ramaswamy and Musk, driven by disagreements regarding the direction of DOGE and Ramaswamy’s political aspirations.
Initially celebrated for its ambitious goal to cut $2 trillion from the federal budget, DOGE has faced mounting criticism. Under Musk’s leadership, the group recently revised its target to $1 trillion, sparking skepticism about its effectiveness. Critics, including tech journalist Kara Swisher, have questioned DOGE’s lack of enforcement authority, calling its potential impact into question.
Ramaswamy’s departure from DOGE comes as Strive Asset Management, an investment firm he co-founded, filed for regulatory approval for a Bitcoin-focused ETF called the Strive Bitcoin Bond ETF. This fund aims to invest actively in corporate bonds and derivatives linked to companies that use bond proceeds for Bitcoin. It plans to derive 80% of its exposure from “Bitcoin bonds” issued by companies like MicroStrategy.
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