Amid growing concerns about DOGE's rigid control of Ilan Musk and its far-reaching impact on the entire crypto market, the billionaire entrepreneur recently explained on Twitter that control of the project was not really in his hands.
A Twitter user praised Ilan Musk for actively promoting DOGE like his own car company. "His operational power in this area is" limited, "Musk wrote in response.
"Note that DOGE has no official organization and no one reports to me, so my power to act on it is limited."
In April 2019, Musk tweeted that DOGE was his "favorite cryptocurrency." He is working hard to increase the scalability of the coin to make it a global currency.