DOGE News: Musk Clarifies U.S. Government Has No Plans for Dogecoin

In a recent development, Elon Musk, a key promoter of Dogecoin, has clarified that the U.S. government has no intention of adopting the cryptocurrency. Despite this, Musk’s influence in the Dogecoin community remains significant.

Musk Clarifies: US Government Has No Plans to Use Dogecoin

Elon Musk, one of Dogecoin’s most prominent promoters, clarified at a March 30 town hall that the U.S. government has no intention of using the cryptocurrency. Musk distanced the federal Department of Government Efficiency (D.O.G.E.) from Dogecoin, explaining that the name originated from online suggestions and that the department aims to make the government 15% more efficient. Despite this, Musk remains a significant figure in the Dogecoin community.

Elon Musk Clarifies U.S. Government Has No Plans to Use Dogecoin

Elon Musk, a prominent promoter of Dogecoin, stated at a March 30 town hall that the U.S. government has no intention of using Dogecoin. He distanced the federal Department of Government Efficiency (D.O.G.E.) from the Dogecoin cryptocurrency, clarifying that the name originated from online suggestions. Musk explained that the internet suggested changing the original name, Government Efficiency Commission, to Department of Government Efficiency due to its boring nature.

Elon Musk Clarifies: No DOGE in D.O.G.E.

Dogecoin (DOGE) hopes of being included in the U.S. Department of Government Efficiency (D.O.G.E.) were dashed on Sunday as the department’s figurehead Elon Musk stated there are no plans for the government to use dogecoin or anything. Musk made the comments during a speech at the America PAC town hall in Green Bay, Wisconsin, adding that the name D.O.G.E. was suggested by the internet as a more exciting alternative to Government Efficiency Commission. DOGE prices dropped 3.5% in the past 24 hours, in line with a broader market decline.