ELON Musk’s ongoing speculation status linking Dogecoin (DOGE) to the newly formed US government efficiency (DOGE), explaining that the agency is not related to the Mimi cryptocurrency. Speaking in a municipal hall hosted by America Pak in Green Bay, Wisconsin, Musk said that the similarity in the designation was coincidental and pushed by public inputs, and not with any intention to integrate digital assets into government operations.
“The names are similar, but they do two different things,” Musk Make up. “So, in fact, I would have called it the government efficiency committee, but this is a very boring name. Then the Internet said it should be the Ministry of Government efficiency. I was like the Internet right. So we changed the name from the Government Efficiency Committee to the Ministry of Government efficiency but there are no plans to use Dogecoin or anything, as much as I know.”
There is no Dogecoin in Dog
This clarification comes amid continuous rumors and social media speculation that Dog can play a role in Doug’s operations, a semi -governmental body charged with simplifying federal expenses and eliminating bureaucracy’s inefficiency. The agency has informed savings estimated at $ 130 billion since its official launch in January, and translated into $ 840 per taxpayer, according to internal data.
Musk has proven to be the management of management – whether by design or coincidence – depending on it in the encryption markets. Dogecoin rose in the months that followed the unofficial DOGE advertisement in August 2024, backed by hope for adopting the distinctive symbol by the agency. The influence was more amplified when, in a symbolic gesture, the Doge website appeared shortly for the Dogecoin logo in the days after the opening of Donald Trump 2025, a temporary loan incident on the speculative relationship between the agency and the distinctive symbol.
However, Musk’s comments on Sunday in the city hall appear to be final. “There are no government plans to use Dogecoin or anything,” Repeat in an unambiguous chapter for theory.
Denial coincided with a modest decline in the Doug market. The distinctive symbol has decreased by 3.8 % over the past 24 hours, consistent with the broader declines through the encryption sector in light of the “liberation day” of US President Donald Trump. Although no official links have been proven between Dogecoin and the government, the last symbol – approximately 70 % since August – was partially attributed to Dog’s account and his constant public support for Musk for Dogecoin in other contexts.
At the time of the press, Dog was traded at $ 0.16.
Distinctive image from YouTube, Chart from TradingView.com
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