Musk clarifies that the US government has no plans to use Dogecoin

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On March 31, Musk stated at the "America PAC" town hall meeting held in Green Bay, Wisconsin on March 30 that the U.S. government has no plans to use the cryptocurrency Dogecoin. He pointed out that the federal "Department of Government Efficiency (D.O.G.E.)" is not associated with Dogecoin, saying "They just have similar names, and the government will not use Dogecoin, at least as far as I know, there are no such plans".

Nevertheless, the D.O.G.E. official website briefly displayed the Doge dog mascot in February, sparking market speculation about the government's connection to the cryptocurrency, which pushed DOGE up by 14% at one point, with its market value breaking $58 billion. (decrypt)

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