Elon Musk Confirms No Plans to Use Dogecoin in D.O.G.E.
Elon Musk announced there are no plans for the U.S. Department of Government Efficiency (D.O.G.E.) to use dogecoin (DOGE). During a speech, he emphasized that the department would not incorporate the memecoin.
- DOGE prices decreased by 3.5% in the last 24 hours amid a broader market decline.
- The D.O.G.E. was created to improve government spending efficiency and has reportedly saved $130 billion since its formal start in January.
- The average savings per taxpayer amount to $840.
The introduction of D.O.G.E. in August had previously sparked interest in dogecoin, contributing to a multi-month rally. However, recent statements have dampened hopes of its official recognition.