Elon Musk’s DOGE sued after Trump’s inauguration

  • Three lawsuits have been filed against the Musk-led DOGE agency
  • According to a lawsuit, DOGE violates the Federal Advisory Committee Act (FACA)

Elon Musk’s Department of Government Efficiency (DOGE) agency reportedly had three lawsuits filed against it within minutes of President Donald Trump’s inauguration on Monday.

In a 30-page lawsuit, obtained by The Washington Post, public interest law firm National Security Counselors questions the legality of the agency Trump said he’d create to “dismantle government bureaucracy.”

According to the complaint, DOGE violates the Federal Advisory Committee Act (FACA), which requires advisory committees to follow certain rules, including allowing public involvement.

National Security Counselors state that DOGE meets the requirements to be considered a “federal advisory committee.” Yet, while similar agencies follow a “fairly balanced” representation, keep meeting records, and allow public involvement, as required by law, DOGE doesn’t.

The lawsuit, written by Kel McClanahan, executive director of National Security Counselors, reads:

“DOGE is not exempted from FACA’s requirements. All meetings of DOGE, including those conducted through an electronic medium, must be open to the public.”

Along with Musk, Trump appointed biotech entrepreneur Vivek Ramaswamy to lead DOGE; however, Ramaswamy is expected to step aside to focus on running for governor of Ohio, according to a report from Politico.

DOGE has, reportedly, already hired dozens of people who work out of Musk’s SpaceX offices in Washington DC.

The two other lawsuits were filed by a group that includes the American Federation of Government Employees and the State Democracy Defenders Fund. In another case, the plaintiffs are the Citizens for Responsibility and Ethics in Washington and the American Federation of Teachers.

Cutting important programs

Despite its name, DOGE isn’t a department of the US government.

Even so, the agency aims to provide advice and guidance outside of the US government and to work with the White House and the Office of Management and Budget as they “drive out the massive waste and fraud” within the $6.5 trillion federal budget.

Following Trump’s election win in November, he said in a post on Trust Social that Musk and Ramaswamy will “dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies – Essential to the ‘Save America’ movement.”

In a post on X, Musk said all actions of DOGE “will be posted online for maximum transparency.”

According to Ambassador Norm Eisen, co-founder and executive chair of the State Democracy Defenders Fund, DOGE isn’t about getting rid of redundant staff, “this is about billionaires gutting important programs that American citizens across the country rely on every single day without adequate transparency or accountability.”

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Remittix (RTX) hits $4m presale as XRP holders take notice

With the cryptocurrency market eyeing a stellar 2025 amid a new wave of optimism, new crypto project Remittix (RTX) is trending.

The altcoin looks to have stolen the shine off XRP (XRP) early on as its presale hits $4 million. But what’s driving the interest in this project? Could the new era for crypto under President Donald Trump be the catalyst that pushes RTX to the top of the payments finance, or PayFi world?

What is Remittix (RTX)?

XRP and Stellar (XLM) have stood out as crypto solutions aim to revolutionize the remittances and cross-border payments space. XRP’s massive traction in the space means its recent bounce in the market may continue as traditional players adopt crypto.

Remittix (RTX) is entering this ecosystem with a new Ethereum-based payments network targeted for individuals and businesses.

The project aims at allowing anyone to benefit from the growing adoption of cryptocurrencies with a novel crypto-to-fiat payments solution. With Remittix, users can send crypto and see their recipients get fiat in their bank account.

The project taps into the blockchain technology’s features of faster, cheaper and transparent transactions to let users send money across borders. Unlike traditional banking apps and solutions, Remittix provides a  multi-currency wallet that lets users easily send over 50 cryptocurrency pairs. It supports more than 30 fiat currencies.

Native token RTX attracts $4 million in presale

Interest in Remittix has picked momentum as the crypto market celebrates the inauguration of Donald Trump as the 47th President of the United States. Notably, the presale for the native RTX token raced to over $4 million in under 30 days.

RTX will power Remittix’s payments ecosystem, providing for governance, staking and rewards. Of the limited supply of 1.5 billion RTX, 50% of it (750 million) has been allocated to the community via a presale. The presale soft cap is $18 million and hard cap is $36 million

Remittix is celebrating Trump’s inauguration with a 30% bonus that runs to Jan. 28. Presale participants can use the promocode TRUMP30 to unlock the bonus.

With crypto poised for a bullish reset in 2025 and beyond, the presale offers Remittix buyers a chance to get in early. An environment that supports innovation and regulatory clarity means Remittix could be on the cusp of completely redefining cross-border payments.

Remittix (RTX) presale price

So far, savvy crypto investors have scooped nearly 230 million RTX, raising more than $4.1 million as the RTX price jumps to $0.0228.

The next price increase will push Remittix presale value to $0.0239. RTX presale is 70% sold out in the current stage, which means interested early adopters have a chance to get it at a bargain before price rises.

Find out more about Remittix and what makes the project stand out by visiting the official website.

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Trump picks Caroline Pham as acting CFTC Chair

  • Caroline Pham, the primary advocate for Digital assets “regulatory sandbox”
  • U.S. President Donald Trump is yet to pick a permanent chair for CFTC.

US elect President Donald Trump has picked Commissioner Caroline Pham as the acting Commodity and Futures Trading Commission chair. The CFTC confirmed the appointment via a press release on Jan. 20.

Trump selected Caroline Pham as the acting chair for the agency and she was voted in by the five members of the Commodity and Futures Trading Commission.

“I’m looking forward to engaging with all stakeholders in this new capacity as we focus on the CFTC’s mission to promote well-functioning markets that support economic growth and the competitiveness of the United States,” the acting CFTC chair said in a statement.

Pham, who worked with the former administration of Joe Biden, was the brain behind multiple projects at CFTC. At CFTC, she championed the digital assets regulatory framework. She promoted the creation of a Digital Asset Markets subcommittee that would come up with governance and risk management proposals.

She also promoted the digital assets “regulatory sandbox” in the US in 2023 setting ground for the emergence of new technologies and a pilot program for digital assets.

Donald Trump is yet to publicly declare the permanent holder of the chairperson’s post at CFTC. The current holder of the position Rostin Behnam had earlier this month reported that he planned to leave the office by Feb 7.

Speculations have that the former CFTC commissioner Brian Quintenz may be appointed as the chair of the agency.

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MEXC Unveils 2024 Annual Report: $100 Million Airdrop Distribution and 30 Million User Milestone Achieved

MEXC, a global leader in cryptocurrency exchanges, has officially launched its 2024 Annual Report. The report provides users with a personalized review of their trading journey over the past year.

The report also reveals several key achievements of the platform, including the breakthrough of 30 million users, the distribution of over $100 million in airdrops, and the listing of more than 3,000 tokens. These milestones underscore MEXC’s impressive growth, broadening product offerings, and commitment to delivering innovative solutions and exceptional trading experiences to users worldwide.

2024: A Year of Extraordinary Growth for MEXC

  • The user base surpasses 30 million, spanning over 170 countries and regions.
  • Over 3,000 tokens were listed.
  • Top-ranked in Futures Growth Rate, achieving 186% growth in November 2024.
  • #1 in liquidity globally, with Futures depth exceeding $100 million at both 0.05% and 0.1% levels.
  • Enhanced global accessibility through support for 17 new languages, bringing the total to 34 languages.
  • Completion of 2,202 airdrop events, with total distributions exceeding $127 million.
  • Significant growth in community engagement, gaining 450,000 new Twitter followers and achieving a 500% increase in user interaction.
  • Strategic partnerships with industry leaders including CATIZEN, APTOS, FUEL, and PENGU.
  • Launch of innovative Meme+ Trading Zone in December 2024, combining the advantages of decentralized and centralized trading. Utilizing an order book model, it ensures strong liquidity, reduces slippage, and enables faster, more efficient trading.

These milestones demonstrate MEXC’s commitment to providing an exceptional trading experience for users worldwide. The platform’s rapid growth is driven by a wide selection of trending tokens, frequent airdrop events, robust market depth, high liquidity, and competitive trading fees.

Additionally, the launch of the Meme+ Trading Zone in December 2024 allows users to seamlessly trade high-potential memecoins without the need for Web3 wallets, private keys, seed phrases, or on-chain operations, further solidifying MEXC’s position as a trendsetter in the crypto industry.

MEXC Celebrates 2024 Milestones with 50,000 USDT Prize Pool

In celebration of MEXC’s outstanding achievements in 2024 and to express gratitude to its loyal users for their continued support, the platform has launched a special reward program. From January 16, 2025 – February 16, 2025 (UTC), users are invited to share their personalized 2024 Annual Report and refer friends to join MEXC for a chance to win a share of the 50,000 USDT prize pool.

For complete details, visit the MEXC 2024 Annual Report Reward Program page.

About MEXC

Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto”. Serving over 30 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, frequent airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.

MEXC Official Website| X | Telegram |How to Sign Up on MEXC

Risk Disclaimer

The information provided in this article about cryptocurrencies does not represent MEXC’s official stance or investment advice. Given the highly volatile nature of the cryptocurrency market, investors are encouraged to carefully evaluate market fluctuations, project fundamentals, and potential financial risks before making any trading decisions. 

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Melania Trump launches official memecoin

  • Following the success of the $TRUMP token launched a day prior, Melania Trump announced the launch of the Melania memecoin late Sunday evening
  • The token’s launch caused congestion in the Solana network and drained liquidity from the $TRUMP and other memecoins

Late Sunday evening, incoming First Lady Melania Trump announced the launch of the official Melania memecoin, $MELANIA, roughly 24 hours after President-elect Donald Trump launched his $TRUMP token.

The announcement was made on her X profile and followed a similar pattern to Donald Trump’s: a website was provided with the option to buy with a credit card or cryptocurrency.

The market’s reaction to the drop was sharper than Trump’s as market reactions were more immediate.

Onchain data showed that other memecoins and some altcoins suffered price declines as attention and liquidity flowed to the $MELANIA token.

The token, which launched at $0.048 on Dexscreener, reached a high of $13.61 in the early morning of Monday January 20 before pulling back to $10.31 as of publication.

Meanwhile, the price of the $TRUMP token nosedived when the $MELANIA token was launched, falling from $73.50 to $30.94. However, it has regained some ground, rising to $53.51 as of publishing, as the Trump presidential inauguration draws close.

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