Elon Musk’s Dogecoin Statement: No Official Plans
The #Dogecoin (DOGE) community has been closely following developments regarding the Department of Government Efficiency (D.O.G.E.) established in the United States in recent months. However, Elon Musk's recent statements have ended expectations that Dogecoin could be included in government projects. Musk stated that there are no plans to use Dogecoin in the department's work.
Elon Musk, who is known as the figure of the United States Department of Government Efficiency (D.O.G.E.), has categorically denied rumors that Dogecoin will be included in the department's operations. Musk's statement ended speculation that Dogecoin will be used in government projects.
Speaking at the America PAC public meeting in Wisconsin on Sunday, Musk gave a clear answer to expectations on the subject, saying, “The government has no plans to use Dogecoin or anything else.” Musk also spoke about the process of naming the department, saying, “I initially thought of calling it the Government Efficiency Commission, but that was a boring name. The internet said it should be the Department of Government Efficiency. I said, ‘The internet is right,’” he said.
While Musk’s statement weakened hopes that Dogecoin could be officially used within D.O.G.E., it is stated that the cryptocurrency contributed to the upward trend that started in August due to these speculations. $DOGE followed a course parallel to the general downward trend of the market, losing 3.5% in the last 24 hours following Musk’s latest statements.
On the other hand, D.O.G.E.’s main mission is defined as making government spending more efficient and ensuring that taxpayers’ money is used in the best possible way. The department, which officially began operating in January, has reportedly saved approximately $130 billion to date. It is stated that this saving means an average of $840 per taxpayer.
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