According to @FoxNews, Senator Tim Scott stated that President Trump is urging further federal spending cuts and praised both Trump and Elon Musk for uncovering billions in wasted funds. Scott also mentioned that all of Dogecoin’s (DOGE) ongoing initiatives could become officially recognized if Republicans in Congress proceed with legislative support. For traders, this signals a potential catalyst for DOGE's price volatility and official adoption, increasing its relevance in the cryptocurrency market. Source: Fox News Twitter, June 4, 2025.