Elon Musk clarified on March 30 that the U.S. government has no plans to use Dogecoin.

1-01-01 00:00:00

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Odaily News 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 crypto asset Dogecoin. He pointed out that the federal "Department of Government Efficiency (D.O.G.E.)" is not related to Dogecoin, saying "they just have similar names, the government will not use Dogecoin, at least to my knowledge, there are no such plans." Nevertheless, the official D.O.G.E. website briefly displayed the Dogecoin Shiba Inu mascot in February, sparking market speculation about the government's connection to crypto assets, which pushed DOGE up 14% at one point, with a market capitalization exceeding $58 billion. (decrypt)

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