Influential tech entrepreneur Elon Musk categorically ruled out the idea of the U.S. government using Dogecoin (CRYPTO: DOGE) on Sunday, even though his initiative, the Department of Government Efficiency, makes a playful reference to the meme-based cryptocurrency.
What Happened: During a town hall event in Green Bay, Wisconsin, Musk was asked whether the Dogecoin blockchain might be used to improve government transparency.
“Well the names are similar, but they’re doing two very different things,” the Tesla and SpaceX CEO responded.
Musk stated that he first planned to name the department the “Government Efficiency Commission” but changed it to the …
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