Elon Musk clarified during a speech in Green Bay that the D.O.G.E. Department is not related to Dogecoin, despite rumors and speculations that briefly boosted the coin's price.
Elon Musk's Statement
Musk stated at the America PAC town hall in Green Bay, Wisconsin, that there are no plans to include Dogecoin in the D.O.G.E. Department. He clarified that the department's name was inspired by the popular internet meme and has no relation to the cryptocurrency.
What is the D.O.G.E. Department?
The D.O.G.E. Department was established in August 2024 to enhance federal technologies and streamline government processes. It is a temporary organization aimed at reducing bureaucracy and spending, officially launched in January 2025. The department has drawn attention for its reformative measures and staff reductions.
Musk’s Role and Public Reaction
Musk's role in the department remains a topic of discussion, despite announcements that he would serve as a senior advisor to the president. Musk stated that he does not receive any monetary compensation for his involvement. Meanwhile, the department faces lawsuits and opposition claiming that cost-cutting measures undermine essential public services.
Despite public confusion and a brief increase in Dogecoin's price, the D.O.G.E. Department remains independent of the cryptocurrency, and Musk continues to deny any affiliations.
