Elon Musk Denies Dogecoin Claims for DOGE: Said There is No Relationship, Price Dropped! - Coin Bulletin

Elon Musk clearly rejected the relationship between the U.S. Government Efficiency Department (D.O.G.E.) and Dogecoin, stating that there are no plans to include Dogecoin in government operations.

Famous billionaire Elon Musk recently stated at an event in Green Bay, Wisconsin, that despite the similarity of the name of the department called D.O.G.E. to Dogecoin, there are no plans to include this cryptocurrency in the functioning of the government. Musk noted that they chose the name D.O.G.E. at the suggestion of the internet, emphasizing that their only goal is to increase the efficiency of the government by 15%.

The popularity of Dogecoin has increased, but there is no official plan

The D.O.G.E. department was officially launched in January as an initiative aimed at making government spending more efficient. Since then, it is reported that approximately $130 billion in savings has been achieved. However, Dogecoin is not expected to play a role in this process. Following this news, the price of Dogecoin experienced a decrease of 5.4% in the last 24 hours.

In recent months, the Shiba Inu logo of Dogecoin was briefly featured on the D.O.G.E. site, leading to rumors that Dogecoin would be associated with the department. Musk firmly denied these rumors, reiterating that the government has no plans to use Dogecoin.

Musk states that he has not received any payment for contributing to this project, but the White House only describes Musk as a senior advisor.