Musk Says US Government Has No Plans to Use Dogecoin – BitRss – Crypto World News
Elon Musk may be one of Dogecoin’s most prominent promoters, but he says the U.S. government has no intention of using it.
At a March 30 town hall in Green Bay, Wisconsin, hosted by his America PAC ($0.00), Musk distanced the federal Department of Government Efficiency (D.O.G.E.) from the Dogecoin cryptocurrency.
“There are no plans for the government to use Dogecoin or anything as far as I know,” he said. “They happen to be similar names, but really, we’re literally just trying to make the government 15% more efficient.”
Musk explained that the name originated from online suggestions. “I was going to call it Government Efficiency Commission, but that’s a super boring name,” he said. “Then the internet said it needs to be Department of Government Efficiency. I was like, ‘The Internet is right.’”
Yet despite this, in February, D.O.G.E.’s official website briefly displayed Dogecoin’s Shiba Inu mascot, fueling rumors of a crypto tie-in and sending the coin up 14% to a $58 billion market cap.
