Elon Musk announces that as far as his information goes, dogecoin is not being considered by the US government. This has caused for a decline in price of dogecoin but what do you think of this information regardless if you are holding doge or not.
I think Elon musk just wants to reduce the noise and clear the about dogecoin used as strategic reserve alongside Bitcoin. This has got nothing to do with the price of dogecoin. Elon musk still hodls alot of doge and I don't think he is dumping any yet. If such announcement was responding for the price reduction then it would have also increased the price when Department of Government Efficiency (DOGE) was announced too. So the doge price is just responding to the price of bitcoin like other cryptocurrency are going down too.