Elon Musk, the billionaire entrepreneur known for his ventures in space travel, electric vehicles, and cryptocurrency, has announced his decision to step back from his involvement in the Doge project, following backlash and controversy surrounding his role in the initiative.

Over the past few months, Musk has been heavily involved in the Doge project, which aims to harness cryptocurrency technology for various government initiatives. However, recent reports have raised concerns about potential conflicts of interest, as well as Musk's close ties to former President Donald Trump.

Despite receiving applause from Cabinet members for his work on Doge, Musk has decided to distance himself from the project as he prepares for a planned departure. This move comes as the Doge Caucus plans a meeting at the White House, further highlighting the tensions surrounding Musk's involvement.

As Musk looks back on his 100 days with Doge and previews the future of the project, questions remain about the impact of his departure on the initiative. With the Doge project at the center of government spending controversies, Musk's decision to step back marks a significant development in the ongoing saga of cryptocurrency in the political sphere.