The post Elon Musk Addresses Rumors of Dogecoin Use in Federal Agency appeared on BitcoinEthereumNews.com.

TLDR Elon Musk confirmed the U.S. Department of Government Efficiency (D.O.G.E.) has no plans to use Dogecoin cryptocurrency The name similarity between D.O.G.E. and Dogecoin is coincidental, though the website briefly displayed a Dogecoin logo after Trump’s inauguration D.O.G.E. aims to make government 15% more efficient and has reportedly saved $130 billion since January Musk plans to step down after achieving a $1 trillion reduction in federal deficit, possibly by May The department has made cuts to federal agencies and programs, facing lawsuits challenging its authority Elon Musk, the head of the U.S. Department of Government Efficiency (D.O.G.E.), has put an end to rumors that the government agency might incorporate the Dogecoin cryptocurrency. His comments came during an America PAC town hall in Green Bay, Wisconsin on Sunday. “There are no plans for the government to use Dogecoin or anything,” Musk said during his speech. The tech billionaire explained that despite the name similarity, the department’s focus is solely on improving government operations. The naming choice was more about branding than cryptocurrency connections. Musk revealed he had initially planned to call it the “Government Efficiency Commission.” “That’s a super boring name,” he admitted. “Then the internet said it needs to be the Department of Government Efficiency. I was like, Internet is right.” The similarity in names had fueled speculation about potential government adoption of Dogecoin. This was further heightened when the official D.O.G.E. website briefly displayed the Dogecoin logo for a few hours after President Trump’s inauguration. 🚨 ELON MUSK: “There are no plans for the government to use dogecoin or anything. I was going to call it Government Efficiency Commission but that’s a super boring name. Then the internet said it needs to be Department of Government Efficiency. I was like Internet is right.” pic.twitter.com/5BLBQeN7dL — DogeDesigner (@cb_doge) March…

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Filed under: News - @ March 31, 2025 9:22 am