According to Fox News, Elon Musk's official involvement with Trump's DOGE initiative has ended, but his political influence continues to shape market sentiment as the 2025 midterm elections approach (Fox News, May 30, 2025). For crypto traders, the conclusion of Musk's formal role could reduce Dogecoin’s short-term volatility, yet ongoing political engagement may still drive speculative trading around DOGE and related meme coins. Market participants should monitor both Musk’s public statements and evolving political narratives, as these remain key catalysts for crypto price swings according to Fox News.