#ElonMusk said that the popular cryptocurrency of the government agency #DOGE bears only a name similarity with Dogecoin. Musk's words, "The government has no plans to use Dogecoin or any other cryptocurrency," caused the price of Dogecoin to fall.
Elon Musk, Chairman of the US Department of Government Efficiency ($DOGE ), said that the federal government has no plans to use the cryptocurrency DOGE.
Musk said at a public hearing organized by the American PAC last year in support of Donald Trump's election campaign, "As far as I know, the government has no plans to use Dogecoin or any other cryptocurrency." Musk said about the similarity of the name with Dogecoin, the body he heads, "They have similar names but they do very different things." savings were used.
Although Musk reduced the institution DOGE and the cryptocurrency DOGE to a mere name similarity, DOGE's official website DOGE.gov used the logo of the first registered Dogecoin.
In addition, when it was learned that such an institution would be established in the world, speculations emerged within Musk's plans within the state structure regarding Dogecoin. Musk's name asset, which has been the biggest supporter of Dogecoin for many years, also contained this.
