Elon Musk clarified that the Department of Government Efficiency (DOGE) has no plans to integrate Dogecoin into its operations for transparency, despite his personal support for the meme crypto.
Dogecoin vs DOGE: Elon Musk Draws the Line
Elon Musk discussed the potential role of dogecoin in government during a March 30 town hall event in Green Bay, Wisconsin. He addressed a possible connection between the cryptocurrency and his Department of Government Efficiency (DOGE), which shares its acronym with the digital asset.
Musk was asked whether his DOGE initiative would consider using the dogecoin blockchain to increase government transparency. Musk clarified: “The names are similar but they’re doing two very different things.” He continued:
There are no plans for the government to use dogecoin or anything as far as I know. They happen to be similar names, but really, we’re just literally trying to make the government 15% more efficient.
Despite distancing his DOGE department from the meme cryptocurrency, Musk has long been one of dogecoin’s most visible supporters. He frequently mentions the token on social media platform X, where his endorsements have historically triggered price surges. Musk has referred to dogecoin as “the people’s crypto” and even allowed it as a payment option for select Tesla merchandise.
President Donald Trump established DOGE through executive order earlier this year, appointing Elon Musk as a senior advisor to lead the initiative focused on modernizing federal operations and cutting spending. DOGE has implemented measures, including widespread layoffs across agencies and the elimination of programs related to climate change and diversity, equity, and inclusion. Musk has said the cuts are necessary to streamline government functions and has projected a $1 trillion reduction in federal spending within 130 days.
Although the initiative claims to have saved more than $100 billion, it has drawn criticism for potentially weakening essential services and lacking transparency. Musk has defended the reforms as a way to improve efficiency without affecting core government functions. He plans to step down from his advisory role at the end of May after reaching the projected deficit reduction.
Source: Bitcoin
