President-elect Donald Trump has chosen Elon Musk to head a new Department of Government Efficiency (Doge) in his administration. Trump also named biotech investor Vivek Ramaswamy to collaborate with the SpaceX and Tesla CEO on the project, whose acronym aligns with Musk’s favored cryptocurrency, Dogecoin. The mission: “dismantle” bureaucracy.

According to Trump, Musk and Ramaswamy will advise the White House on strategies to “drive large-scale structural reform.”

In related news, Trump recently announced Fox News host and combat veteran Pete Hegseth as his nominee for defense secretary, and former Texas congressman and prosecutor John Ratcliffe to lead the CIA.

Musk, a significant Trump campaign donor, has long been speculated to join the administration. Ramaswamy, who briefly ran against Trump in the Republican primary, later endorsed him.