According to Fox News, a proposal for radical new Dogecoin (DOGE) transparency powers is set to be considered by Congress following Elon Musk's exit from active involvement in the cryptocurrency's ecosystem (source: Fox News Twitter, June 4, 2025). The proposed measures aim to increase transaction transparency and reporting requirements for DOGE, which could directly affect trading volumes and price volatility. Crypto traders should monitor legislative developments closely, as regulatory changes could lead to increased compliance costs or restrict certain trading strategies. These moves follow heightened scrutiny on memecoins and their influence on retail investors, signaling a potential shift in U.S. crypto market policy that could impact both DOGE and broader altcoin trading.

According to Fox News, the U.S. State Department officially stated that the recent changes to Dogecoin (DOGE) will be permanent following Elon Musk's departure from involvement with the project (Fox News, May 30, 2025). This announcement eliminates speculation about a potential reversal of DOGE's protocol updates, providing traders with increased certainty. The confirmation of stability may impact DOGE's price volatility in the short term, as market participants adjust their strategies in response to the news. Crypto traders should closely monitor DOGE price movements and on-chain activity for potential trading opportunities.