Elon Musk—tech titan, rocket man, and self-proclaimed “Dogefather”—once wore his love for Dogecoin (DOGE) like a meme-laced badge of honor. While that affection hasn’t vanished entirely, Musk has become noticeably more tight-lipped about his favorite memecoin in recent months.

So, when he recently announced his leadership of a new federal initiative dubbed the Department of Government Efficiency, or D.O.G.E. for short, crypto Twitter went absolutely feral. Was this the moment Dogecoin entered the halls of Washington power? Not quite. Turns out, it was just an acronym—and a coincidence.

Spoiler Alert: D.O.G.E. Has Nothing to Do with Crypto

Musk recently crushed all speculation during an event in Wisconsin, where he made it crystal clear: “As far as I know, there are no plans to use Dogecoin in the government.” Cue the sad trombone for meme-investors.

🚨 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

The confusion began, understandably, with the project’s name. With “D.O.G.E.” plastered across headlines, it’s no wonder the crypto crowd assumed the government was going full Shiba Inu. But no, there’s no secret Dogecoin adoption plan hiding in plain sight. According to Musk, the name was purely accidental. He originally wanted to call it the Government Efficiency Commission, but, in true Musk fashion, admitted: “That just sounded too boring.”

A Government Efficiency Mission – But Make It Musk

The actual goal of D.O.G.E. (no barking allowed) is simple: make the U.S. government more efficient—dramatically so. Musk says he aims to cut $1 trillion in federal spending, and once that’s achieved, he plans to step down. Casual. According to him, this could all be wrapped up in just 130 days. That’s not just a moonshot—it’s a Mars mission.

And Musk isn’t just talking. The D.O.G.E. team is already slashing through red tape. Thousands of government positions have been axed, and wasteful expenditures have been aggressively trimmed. Unsurprisingly, this has drawn sharp criticism. Opponents argue D.O.G.E. wields too much unchecked power, raising concerns that it could sidestep Congress on major decisions.

So, No DOGE for D.O.G.E.?

Sorry, Dogecoin army. Musk may have named the initiative with memecoin flair, but the reality is far more bureaucratic than blockchain. Still, if there’s one thing Elon has taught us over the years, it’s to expect the unexpected. Who knows—maybe one day he will put DOGE on the government payroll.

Until then, D.O.G.E. is all about dollars and discipline—not dog coins.

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Madeline

I have been drawn to technology and science fiction since I was a child. Studying IT has drawn me to the world of cryptocurrencies, where I have been working since 2014. I have learned a lot since then. And I still have a lot to learn. What fascinates me most about them is that they connect so many worlds together and the possibility of free choice. Without limits.