In what could be an important development for the leading memecoin, Elon Musk has said that the US government currently has “no plans” to use Dogecoin (DOGE). Indeed, the head of US President Donald Trump’s DOGE Commission noted that the cryptocurrency will likely not be integrated into government operations any time soon.
Musk has long been tied to the digital asset. He once referred to himself as the self-professed ‘Dogefather.’ Moreover, many of the cryptocurrencies’ biggest price increases have been tied to the Tesla CEO. The clarification has seen the asset plummet, continuing its 7% fall over the last seven days, according to CoinMarketCap.
JUST IN: Elon Musk says the US government has “no plans” to use Dogecoin $DOGE.
— Watcher.Guru (@WatcherGuru) March 31, 2025
Also Read: $10,000 In Dogecoin (DOGE) 10 Years Ago, Here Are Your Return
Elon Musk Confirms the US Government Has No Plans for Dogecoin
The United States has embraced a rather revolutionary shift in its cryptocurrency policy this year. Under the guidance of President Donald Trump, it has sought to become the true crypto capital of the world. Moreover, in just three months, it has made quite impressive strides in this regard, practically completely overhauling its crypto policy.
However, that perspective shift won’t appear to extend the largest meme coin by market cap. Indeed, Elon Musk has confirmed that the US government has “no plans” for Dogecoin. The confirmation comes as the surprise to many, considering Musk’s own affinity for the asset.
Also Read: Interactive Brokers Crypto Trading Adds Solana, XRP, Cardano, & DOGE
“There are no plans for the government to use Dogecoin for anything as far as I know,” Musk said at a town hall meeting in Wisconsin on Sunday. Moreover, Musk noted that the US commission he heads and the asset may sport names that are similar; “they’re doing two very different things.”
The United States government and Musk himself have hinted at the government’s eventual adoption of blockchain technology. However, his comments confirm that it won’t include the Dogecoin (DOGE) token. Despite his connection with the asset, his reasoning is sound. The meme coin is not entirely aligned with the pursuit of eliminating wasteful federal spending.
Credit: Source link