Elon Musk's comments about the Department of Government Efficiency (D.O.G.E) caused a surge in Dogecoin's price, rising by 11.68% in 24 hours.Musk's support for Dogecoin has a history of influencing its price and attracting legal challenges and positive support.Musk's backing of Donald Trump and his political activities have contributed to the speculation of friendlier regulations towards cryptocurrencies.There is speculation that Dogecoin may be considered for ETF approval, which could attract new investors and institutional investment.