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Fortune

Catherine McGrath

Elon Musk says the federal government has no plans to use Dogecoin

Elon Musk DOGE Dogecoin Donald Trump blockchain Crypto

(Credit: BRENDAN SMIALOWSKI/AFP—Getty Images)

Despite Elon Musk’s affinity for Dogecoin, the tech billionaire said on Sunday that the federal government has no plan to use the dog-themed cryptocurrency.

“There are no plans for the government to use Dogecoin for anything as far as I know,” Musk said at a town hall in Wisconsin on Sunday, stifling speculation that the Department of Government Efficiency (DOGE) would apply the cryptocurrency to government dealings.

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