Trump administration

Elon Musk has put an end to speculation about Dogecoin’s involvement in the Department of Government Efficiency (D.O.G.E.), confirming that the government has no plans to use the memecoin. His statement came during a town hall in Green Bay, Wisconsin, where he explained that the agency’s name was inspired by internet suggestions rather than any connection to cryptocurrency. Despite the lack of official ties, the department’s launch in August had previously sparked a surge in Dogecoin-related tokens and contributed to a months-long rally. Meanwhile, D.O.G.E. continues its mission to streamline government spending, reportedly saving taxpayers an estimated $130 billion since January.