Musk Clarifies US Government Has No Plans to Use Dogecoin

BlockBeats News, March 31st - On March 30th, Musk stated during the "America PAC" town hall meeting in Green Bay, Wisconsin, 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, stating "they are just a name similarity, the government will not use Dogecoin, at least not that I know of."

Despite this, the D.O.G.E. official website briefly displayed Dogecoin's Shiba Inu mascot in February, sparking market speculation about government involvement with cryptocurrency and causing DOGE to surge by 14% at one point, with a market cap surpassing $580 billion. (decrypt)