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Elon Musk confirmed that Dogecoin is not involved in the U.S. government’s Department of Government Efficiency.
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Following the clarification, Dogecoin’s price dropped approximately 6%.
Elon Musk has clarified that Dogecoin will not play any role in U.S. government operations, following growing speculation fueled by the launch of the Department of Government Efficiency (D.O.G.E.).Â
Speaking at a town hall in Green Bay, Wisconsin, Musk clarified that there are “no plans for the government to use Dogecoin or anything, as far as I know.” The clarification is being made as the public is growing confused over the coincidental acronym between the government agency and the cryptocurrency that Musk has publicly supported for a long time.
The Department of Government Efficiency, launched earlier in 2025, has the mandate to streamline federal operations, reduce wasteful spending, and modernize internal systems. Musk, who has been acting as a senior adviser to this agency, stated that the agency’s focus is administrative reform—not cryptocurrency adoption.
The name coincidence, he noted, was just that—a coincidence with no operational relation to Dogecoin.
“It’s about getting the government to work better, not crypto,” Musk said during the event.
DOGE Price Falls Following Clarification
Following Musk’s comments, Dogecoin’s price responded quickly, falling approximately 6% within hours. This decline was more significant compared to other major digital assets such as Bitcoin and Ethereum, which dropped around 2.4% and 3.2%, respectively, over the same time frame.
This underperformance highlights how much Dogecoin remains influenced by Musk’s public comments. The cryptocurrency, begun as a joke in 2013, has seen its dramatic ups and downs often directly attributed to Musk’s tweets or public comments. Analysts point to the recent decline as a sign that Dogecoin remains volatile and subject to outside narratives, especially ones involving Musk.
Market analysts note that while the clarification removed short-term speculation surrounding a potential federal use case, it also showed the coin’s lack of institutional integration relative to other top crypto assets.
Agency Focus Remains on Institutional Reform
Despite the social media chatter linking Dogecoin to federal operations, officials close to the Department of Government Efficiency confirmed there are no plans—present or future—to incorporate any form of cryptocurrency into its plans.
The agency has reported early savings of billions of dollars in taxpayer money since its inception and is expected to release a full performance update in April.
The department’s goals are primarily centered on improving procurement processes, eliminating redundant systems, and improving workforce efficiency. While Musk remains a vocal supporter of Dogecoin in the private sector, his advisory role within the agency remains limited to policy and operational consulting.