Elon Musk Confirms: No Dogecoin Plans for D.O.G.E. Initiative

Rumors of Dogecoin becoming part of the U.S. Department of Government Efficiency (D.O.G.E.) were officially put to rest on Sunday, as Elon Musk clarified there’s no crypto component in the agency’s mission.

Speaking at an America PAC town hall in Green Bay, Wisconsin, Musk addressed the speculation directly: “There are no plans for the government to use Dogecoin or anything,” he said.

The D.O.G.E. name, which sparked crypto chatter since its inception, wasn’t even part of Musk’s original vision. “I was going to call it the Government Efficiency Commission, but that was super boring,” he said. “Then the internet came up with Department of Government Efficiency—and they were right.”

Fueling earlier speculation, the D.O.G.E. website had briefly featured the Dogecoin logo shortly after Trump’s inauguration, lending weight to the idea that the memecoin might be involved in some capacity. That short-lived Easter egg helped ignite a wave of Dogecoin-themed tokens and sent DOGE into a multi-week rally.

As of Monday, Dogecoin is down 3.5% over the past 24 hours, mirroring a wider downturn in the crypto market.

Though it doesn’t include DOGE, the Department of Government Efficiency has been making headlines for a different reason: results. Since officially launching in January, the initiative has reportedly saved taxpayers around $130 billion, with average savings of $840 per person.

So while Dogecoin may not be part of the government’s future, the D.O.G.E. acronym—and the meme-driven momentum behind it—continues to leave its mark.