Dogecoin was also in a legal struggle with the American Treasury and the Elon Musk Government Ministry (DOGE). The Union AFL-CIO recently continued the Treasury, saying that it illegally transmitted personal financial information to the Department of Musk.
This case has seriously questioned privacy, surveillance of government and Musk’s control over federal activities. Senate leaders such as Chuck Schumer and Elizabeth Warren criticized the data sharing agreement, increasing the regulatory examination of Musk and Dogecoin.
Consequently, the price of Dogecoin underwent a drop of 15% in early February 2025, showing how legal ambiguity can have an impact on the feeling of investors.
