Elon Musk Confirms U.S. Government Has No Plans to Use Dogecoin
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Elon Musk has clarified that the U.S. government currently has no intentions of adopting Dogecoin as an official cryptocurrency. The digital asset is currently trading at $0.1631, experiencing a 3.84% decline, with a market capitalization of $24.25 billion.
March 31, 2025 | 5:30 pm
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Musk's confirmation of no U.S. government plans for Dogecoin adoption may negatively impact investor sentiment and short-term price performance.
The lack of government adoption plans could reduce investor confidence in Dogecoin, potentially leading to decreased demand and price pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100