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?> Elon Musk denies Dogecoin’s role in US government operations
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Cryptopolitan 2025-03-31 08:52:45

Elon Musk denies Dogecoin’s role in US government operations

Elon Musk has announced that the US government does not plan to incorporate Dogecoin into its official activities. Speaking at a town hall in Green Bay, Wisconsin, on March 30, Musk responded to rumors about the link between Dogecoin and the Department of Government Efficiency (D.O.G.E.). Musk claimed that there was no connection between the two names and that it was a pure coincidence. “There are no plans for the government to use Dogecoin or anything as far as I know,” he said. “They happen to be similar names, but really, we’re literally just trying to make the government 15% more efficient.” The department’s name, as Musk said, came from suggestions from the public. He noted that in the beginning, he named it the “Government Efficiency Commission,” but he had to change the name after consulting the public.The memecoin’s logo is also included on the D.O.G.E website. Musk’s $1 trillion deficit reduction goal D.O.G.E is one of the key initiatives of President Donald Trump’s administration to minimize the spending of the federal government and reform its agencies. Since its creation, the department has carried out dismissals and reduced budgets for climate change and diversity initiatives. Some of the affected agencies include the US Agency for International Development (USAID), the Consumer Financial Protection Bureau (CFPB), and the Social Security Administration (SSA). D.O.G.E noted that an area of concern was the federal credit card, which has 4.6 million credit cards, yet the federal government has between 2.3 to 2.4 million workers. Musk considered this as rather ridiculous and wanted the cuts to be implemented without any delay. In an interview with Fox News, Musk announced his intention to resign from the Trump administration after cutting the deficit to $1 trillion. He estimated that most of the project cost cut could be achieved in 130 days. According to the estimates, this means that his work could end in May. “I think we will accomplish most of the work required to reduce the deficit by a trillion dollars within that time frame. ” ~ Musk The reforms have been deemed noble by fiscal conservatives, but it has also sparked protests in the country. According to reports, Tesla facilities have turned into protest grounds because of anger provoked by Musk’s role with the federal government . Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot

면책 조항 읽기 : 본 웹 사이트, 하이퍼 링크 사이트, 관련 응용 프로그램, 포럼, 블로그, 소셜 미디어 계정 및 기타 플랫폼 (이하 "사이트")에 제공된 모든 콘텐츠는 제 3 자 출처에서 구입 한 일반적인 정보 용입니다. 우리는 정확성과 업데이트 성을 포함하여 우리의 콘텐츠와 관련하여 어떠한 종류의 보증도하지 않습니다. 우리가 제공하는 컨텐츠의 어떤 부분도 금융 조언, 법률 자문 또는 기타 용도에 대한 귀하의 특정 신뢰를위한 다른 형태의 조언을 구성하지 않습니다. 당사 콘텐츠의 사용 또는 의존은 전적으로 귀하의 책임과 재량에 달려 있습니다. 당신은 그들에게 의존하기 전에 우리 자신의 연구를 수행하고, 검토하고, 분석하고, 검증해야합니다. 거래는 큰 손실로 이어질 수있는 매우 위험한 활동이므로 결정을 내리기 전에 재무 고문에게 문의하십시오. 본 사이트의 어떠한 콘텐츠도 모집 또는 제공을 목적으로하지 않습니다.