Altcoins

Vivek Ramaswamy Steps Back From DOGE Leadership With Elon Musk, Eyes Ohio Governor Run

By Ruholamin Haqshanas

Last Updated: Jan 21, 2025

Fact checked

By Akriti Seth

Disclaimer Icon
Disclaimer

Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
99Bitcoins may receive advertising commissions for visits to a suggested operator through our affiliate links, at no added cost to you. All our recommendations follow a thorough review process.

Vivek Ramaswamy Steps Back from DOGE Leadership with Elon Musk, Eyes Ohio Governor Run
Disclaimer Icon
Disclaimer

Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
99Bitcoins may receive advertising commissions for visits to a suggested operator through our affiliate links, at no added cost to you. All our recommendations follow a thorough review process.

Former presidential candidate Vivek Ramaswamy has announced his departure as co-leader of the Department of Government Efficiency (DOGE), the advisory organization he helped create alongside Elon Musk.

Reports suggest Ramaswamy is preparing to run for governor of Ohio, a move that aligns with speculation following his recent social media activity.

“It was my honor to help support the creation of DOGE,” Ramaswamy posted on X on 20 January 2025. “I’m confident that Elon and the team will succeed in streamlining government.”

EXPLORE: 15 New & Upcoming Coinbase Listings to Watch in 2025

Ramaswamy To Announce His Campaign Soon: Reports

While Ramaswamy did not confirm his gubernatorial aspirations, CBS News and The New York Times reported that he is expected to announce his campaign soon.

DOGE, officially created through one of President Donald Trump’s executive orders, is tasked with cutting federal spending and improving efficiency through budget reductions and workforce restructuring.

Anna Kelly, a spokesperson for DOGE, confirmed Ramaswamy’s departure, stating, “He intends to run for elected office soon, which requires him to remain outside of DOGE based on the structure we announced today.”

Ramaswamy’s potential candidacy would target Ohio Governor Mike DeWine’s seat, as DeWine’s second and final term concludes in January 2027.

The speculation gained traction after Ramaswamy re-shared a post from a parody account suggesting his run for Ohio governor, commenting that it wasn’t “a bad idea.”

However, sources close to the Trump administration suggest Ramaswamy’s exit from DOGE was partly influenced by Musk’s desire for new leadership.

Politico reported that Ramaswamy’s outspoken views on American culture and criticism of hiring practices had strained relationships, including with Musk.

DOGE, named after Musk’s favored cryptocurrency Dogecoin, has faced significant challenges since its inception.

Minutes after its creation, consumer advocacy group Public Citizen and others filed lawsuits alleging that DOGE violates the Federal Advisory Committee Act by allowing private individuals to influence government decisions without sufficient transparency.

As Musk assumes sole leadership of DOGE, the organization faces scrutiny over its ambitious goals and legal challenges. Meanwhile, Ramaswamy’s departure sets the stage for a potential political comeback, with Ohio’s governorship as his next target.

EXPLORE: 10 Coins with High Returns: Crypto Forecast 2025

SEC Sues Musk Over Twitter Purchase

Last week, the US Securities and Exchange Commission (SEC) filed a lawsuit against Elon Musk, accusing him of failing to disclose his acquisition of a significant stake in Twitter, now renamed X, in early 2022.

The SEC claimed Musk’s delayed disclosure enabled him to buy shares at lower prices, saving at least $150 million. Per the filing, Musk allegedly violated securities regulations by not filing a report within 10 days of acquiring more than 5% of Twitter’s stock.

The SEC contends Musk only disclosed his holdings on 4 April 2022, 11 days past the deadline. On the day of his disclosure, Twitter’s stock price surged by over 27%.

EXPLORE: 10 Coins with High Returns: Crypto Forecast 2025

Free Bitcoin Crash Course

  • Enjoyed by over 100,000 students.
  • One email a day, 7 days in a row.
  • Short and educational, guaranteed!

Why you can trust 99Bitcoins

10+ Years

Established in 2013, 99Bitcoin’s team members have been crypto experts since Bitcoin’s Early days.

90hr+

Weekly Research

100k+

Monthly readers

50+

Expert contributors

2000+

Crypto Projects Reviewed

Google News Icon
Follow 99Bitcoins on your Google News Feed
Get the latest updates, trends, and insights delivered straight to your fingertips. Subscribe now!
Subscribe now
Ruholamin Haqshanas
Ruholamin Haqshanas
Crypto Journalist

Ruholamin Haqshanas is an accomplished crypto and finance journalist with over three years of experience. He has been featured in various high-profile outlets, including Cryptonews.com, Investing.com, 24/7 Wall St, and Business2Community. Read More

Back to top