The United States has no plans to use Dogecoin

Elon Musk, President of the Ministry of Business, and the Ministry of Business (DOGE), explained that the United States government has no plans to use the Cryptocurrency Dogecoin.

Elon Musk on Dukwin

In a municipal hall in Green Bay, Wisconsin, he made it clear that the Ministry of Governmental efficiency (Doge) is not related to Dogecoin. “There are no government plans to use Dogecoin or anything as far as I know,” said Musk, an indirect defender on Crypto $ DOGE. He added that the name of the administration came from the online suggestions, saying: “I would have called it the government efficiency committee, but this is a boring name.”

For beginners, the DOGE section has been named random suggestions by X.

Speculation about the general acceptance of Dogecoins in American financing began to float after DogeCoin’s Shiba Inu Mascot for a short period. This feature sparked the value of Dogecoin for a 14 % increase.

In the past, Musk faced investigations into the Securities and Stock Exchange Committee (SEC) in the past to reinforce Dogecoin. However, his recent comments had a little effect. Dogecoin is currently trading at $ 0.1644, a decrease of 3.3 % in the past 24 hours.

As for Musk’s participation with Doge, the department was mainly created to reduce government expenditures. Dog was in continuous news to implement collective demobilization operations and reduce funding for programs related to climate change, diversity, integration and scientific research.

Also read: Dogecoin prices analysis: Will subsidies be tested in the short term, or will $ 0.15 will be tested?

Written by Rito Lavania

Ritu Lavania is a multi -use Web3 content creator with more than three years experience in the encryption space. It is part of the team in Cryptonewsz, where you write insightful and attractive content. She also contributed to Thecryptotimes and Coin Edition, where her work was well received by the encryption community. Maher in research, creative writing, senior economic officials, and job cooperation, creating content specifically designed for a varied audience. Population of education, devotes time to teaching children and expressing themselves through poetry. It always yearns for learning, constantly exploring new trends in Blockchain origin and digital assets. It strongly believes in telling stories to make complex encryption themes easier and attractive to readers all over the world.