Elon Musk, a prominent advocate for Dogecoin, has made it clear that the U.S. Department of Government Efficiency (D.O.G.E.) has no plans to integrate the cryptocurrency into its operations. Despite initial speculation following Dogecoin's introduction in August, which led to a significant surge in its value, Musk confirmed during an America PAC town hall event in Green Bay, Wisconsin, that there are no intentions to incorporate Dogecoin into government affairs.

Musk humorously shared his original intention to name the department the Government Efficiency Commission before embracing the internet's suggestion of Department of Government Efficiency due to its more engaging nature.

Following Musk’s statements, Dogecoin experienced a 3.5% decline in value over the last 24 hours amid a general market downturn. Although there have been rumors linking Dogecoin with D.O.G.E., no concrete plans have materialized thus far. Nevertheless, when Dogecoin was introduced back in August, it triggered the emergence of various tokens inspired by it and initiated a prolonged upsurge in its market performance.

Furthermore, speculations arose when the official D.O.G.E. site briefly displayed a Dogecoin logo after former President Trump's inauguration, further fueling discussions about potential ties between the playful cryptocurrency and the new agency.

'No DOGE in D.O.G.E.', Says Dogecoin Proponent Elon Musk

The official site even sported a dogecoin logo for a few hours on the day after Trump’s inauguration, giving more credence to rumors of inclusion.

• Elon Musk, the figurehead of the U.S. Department of Government Efficiency (D.O.G.E.), has dismissed rumors of dogecoin being incorporated into the department's operations.
• Despite the lack of official plans to include dogecoin, its introduction in August sparked a multi-month rally in the cryptocurrency.
• D.O.G.E., which aims to enhance government spending efficiency, has reportedly saved an estimated $130 billion since its formal start in January.

The primary objective of D.O.G.E. is to enhance efficiency in government spending processes while reorganizing spending-related departments. Since its establishment in January, D.O.G.E. has reportedly saved an impressive $130 billion and managed to provide taxpayers with an average savings of $840 each.

"There are no plans for the government to use dogecoin or anything,” Musk said during a speech at the America PAC town hall in Green Bay, Wisconsin.

“I was going to call it Government Efficiency Commission, but that's a super boring name. Then the internet said it needs to be the Department of Government Efficiency. I was like Internet is right,” he added.

🚨 ELON MUSK: "There are no plans for the government to use dogecoin or anything.I was going to call it Government Efficiency Commission but that's a super boring name. Then the internet said it needs to be Department of Government Efficiency. I was like Internet is right." pic.twitter.com/5BLBQeN7dL— DogeDesigner (@cb_doge) March 31, 2025

🚨 ELON MUSK: "There are no plans for the government to use dogecoin or anything.I was going to call it Government Efficiency Commission but that's a super boring name. Then the internet said it needs to be Department of Government Efficiency. I was like Internet is right." pic.twitter.com/5BLBQeN7dL

DOGE prices are down 3.5% in the past 24 hours, in line with a broader market drop. While there have been no firm plans to include the token in the controversial non-governmental agency, its introduction in August had sparked several namesake tokens and birthed the start of a multi-month rally in dogecoin.

The official site even sported a dogecoin logo for a few hours on the day after Trump’s inauguration, giving more credence to rumors of the joke token playing a role in the new agency.

D.O.G.E seeks to make government spending of taxpayer money more efficient while streamlining departments that handle spending. It has saved an estimated $130 billion after a formal start in January, data shows, with an average $840 saving for taxpayers.