Key Takeaways:
- Elon Musk confirmed Dogecoin will not be used in the Department of Government Efficiency (D.O.G.E.).
- Speculation around D.O.G.E. had previously fueled a Dogecoin rally, partially driven by a brief Dogecoin logo on the department’s website.
- D.O.G.E., a non-governmental initiative, has reportedly saved $130 billion since its January launch.
Elon Musk has dispelled rumors that Dogecoin will play a role in the Department of Government Efficiency (D.O.G.E.), stating at an America PAC town hall that “there are no plans for the government to use dogecoin or anything.”
Speculation had been building since D.O.G.E.’s launch in August, especially after its official site briefly featured a Dogecoin logo following the presidential inauguration.
🚨 ELON MUSK: "There are no plans for the government to use dogecoin or anything.
— DogeDesigner (@cb_doge) March 31, 2025
I was going to call it Government Efficiency Commission but that's a super boring name. Then the internet said it needs to be Department of Government Efficiency. I was like Internet is right." pic.twitter.com/5BLBQeN7dL
While the appearance fueled hopes of integration, Musk clarified that the department’s name was chosen for its humor and memorability, not due to any link to the cryptocurrency.
Initially intending to name it the Government Efficiency Commission, Musk said he changed it based on internet feedback.
D.O.G.E., a non-governmental initiative, began operations in January and claims to have saved $130 billion—approximately $840 per taxpayer—by targeting inefficient spending.
Despite the clarification, Dogecoin’s price dipped 3.5% in the last 24 hours, reflecting a wider market slump.
Musk’s denial may temper the meme-fueled optimism surrounding Dogecoin’s potential role in government-affiliated projects.
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