Elon Musk officially denies rumors that the U.S. government plans to use Dogecoin, affirming that there are no cryptocurrency-related initiatives within the Department of Government Efficiency (D.O.G.E) project he is leading.
Speaking at an America PAC event in Green Bay, Wisconsin, on Sunday, Musk stated: "There are no plans for the government to use Dogecoin or any cryptocurrency, as far as I know." This statement puts an end to speculation that Dogecoin could be integrated into state management systems.
Initially, Musk intended to name the initiative the "Government Efficiency Commission," but after consulting the public, he decided to change it to the "Department of Government Efficiency." He emphasized that the project's main goal is to improve government efficiency by 15%, with no connection to cryptocurrency: "Essentially, we're just trying to make the government 15% more efficient."
D.O.G.E was established as an initiative by former President Donald Trump to optimize federal spending and enhance government operations. Musk’s involvement in the project sparked speculation about cryptocurrency-related initiatives, but in reality, the project is solely focused on improving government efficiency.
The misunderstanding arose from the name D.O.G.E, coincidentally matching Dogecoin—the meme cryptocurrency that Musk has publicly supported multiple times. The Tesla CEO has long shown a particular interest in Dogecoin through his Twitter posts and public statements. He has even defended Dogecoin’s inflationary model, arguing that it is "a feature" that makes the coin more suitable for everyday transactions.
With Musk’s latest statement, all speculation about the U.S. government potentially adopting Dogecoin has been debunked, reinforcing the stance that D.O.G.E is purely an administrative reform initiative with no ties to cryptocurrency.