'When Dogecoin (DOGE) is no longer just an emoji but a keyword in federal litigation, is Musk's political adventure shaking the foundations of the entire crypto world?'
When the crypto world first emerged, DOGE was merely a 'meme coin' originating from an internet joke, a symbol of anti-mainstream and anti-financial elite in the crypto circle. Now, this name has been written into the lawsuit documents of the Washington federal court. Not for any other reason, but due to its deep binding with Elon Musk and the latter's 'super-spec' political role within the Trump administration.
This lawsuit initiated by 14 states not only brings Musk's political ambitions to the forefront but also inadvertently triggers a retrial of the 'image value' represented by Dogecoin (DOGE) in public opinion.
The federal court has given the green light, and the DOGE lawsuit has officially entered deep waters.
According to the latest ruling, U.S. Federal Judge Tanya Chutkan has officially approved the lawsuit against Musk and his led DOGE (Department of Government Efficiency) on the grounds that his restructuring of federal agencies and spending cuts lacked Senate authorization, allegedly violating the constitution.
Although President Trump’s executive immunity protects him from lawsuits, DOGE and Musk himself have clearly found themselves at the forefront of the constitutional game in the United States.
The core of the lawsuit is that DOGE closed institutions, laid off employees, and changed federal spending paths without congressional approval. From a political perspective, this challenges the fundamental order of the separation of powers; from a market perspective, this kind of 'irrational politicization' is seriously affecting the credibility of Musk's companies and investor sentiment.
Musk's Brand Disaster: Is Dogecoin No Longer a Joke, but a Symbol of Risk?
Beyond political controversy, what truly shocks the market is the drastic decline of Musk's brand itself.
Pivot podcast host Scott Galloway bluntly stated on the show: 'Musk's binding with DOGE is one of the most destructive cases in the history of modern corporate branding.'
Data shows:
Tesla's sales have declined by 59% in France, 81% in Sweden, 74% in the Netherlands, 66% in Denmark, and 50% in Switzerland;
The brand reputation has fallen from 8th place in 2021 to the current 95th place.
In the eyes of consumers, 'Dogecoin' is transforming from Musk's 'technical joke' into a 'political operation tool', and non-mainstream electric vehicle users — especially European environmentalists — are clearly extremely repelled by this.
DOGE as a 'Political Metaphor' Double-Edged Sword: How Does Decentralized Narrative Move to the Power Center?
Interestingly, DOGE not only appears in the crypto circle but has also been pulled into the 'power center' by Musk, becoming a tool that symbolizes government reform, efficiency-driven, and simplification.
This could have been a brand victory — the combination of cryptocurrency and national governance signifies that decentralized power is influencing institutional centers. But unfortunately, Musk has chosen a 'too aggressive' approach this time.
Without systematic design and lacking legitimate authorization, packaging DOGE as a federal governance reform tool not only failed to win the trust of institutional parties but also provoked strong backlash at the constitutional level.
This also reminds the entire crypto industry from another perspective: when crypto assets transition from 'symbolic assets' to 'social symbols', the meaning and risks they carry will increase exponentially.
DOGE's next step may depend on sentiment rather than technology.
Musk stated in an interview with SpaceX, 'DOGE has become the scapegoat for all problems.' and hinted at a significant reduction in his involvement with DOGE affairs in the future. For the crypto circle, this is both a risk signal and possibly a node for emotional release.
When star founders step back, is the autonomy and self-governance mechanism of the crypto community sufficient to support DOGE moving forward? This is a proposition currently being tested.
At the same time, data platforms like Mlion.ai have begun to track on-chain fund movements related to DOGE, whale holding adjustments, and public sentiment trends. The platform's AI model indicates that although **DOGE's recent negative heat is high, sentiment has not yet reversed to extremes,** and the market still needs to observe whether the key support area ($0.00001390) holds.
Additionally, Mlion.ai's AI news interpretation module can timely mark influential dynamics on coin prices, such as 'Musk's statements', 'court rulings', and 'brand risks', helping users find trading direction amidst the chaos.
Conclusion: When DOGE enters Washington, is it still just 'cryptocurrency'?
Once representing decentralization, community celebration, and technical parody, Dogecoin now stands at the crossroads of constitutional controversy, federal lawsuits, and the collapse of commercial brands.
From 'joke coin' to 'government department', DOGE's journey may have long departed from its original setting. What we truly need to think about is how crypto assets can maintain their soul in the institutional world without being swallowed by political logic.
Perhaps behind this uproar lies a profound narrative reconstruction. Crypto is not a joke and should not merely be a tool; it will ultimately become part of the future social structure of humanity.
Disclaimer: The above content is for informational sharing only and does not constitute any investment advice. The crypto market is highly volatile; please conduct thorough research and risk assessment before participating.