Elon Musk Dismisses Dogecoin Use by Government Efficiency Department
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Elon Musk has officially dispelled rumors about Dogecoin's involvement in the Department of Government Efficiency (D.O.G.E.). Despite initial speculation and a brief logo appearance on the website, Musk confirmed that the memecoin will not be used in any governmental functions. The department has reportedly saved $130 billion since January, benefiting taxpayers with an average saving of $840.
March 31, 2025 | 3:45 pm
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Musk's clarification about no government use of Dogecoin leads to a 3.5% price drop in the past 24 hours, reflecting market disappointment.
Direct mention of Dogecoin, price movement, and clear statement from Elon Musk negating previous speculation impacts the cryptocurrency's short-term price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100