cryptojournalist
Elon Musk is no stranger to headlines, but this time he’s off the hook. A lawsuit filed in 2022 claimed he used his social media presence to boost Dogecoin’s price unfairly. But on November 14, 2024, the investors decided to let it go.
The plaintiffs agreed not to appeal or pursue any more legal action, and both sides dropped their complaints against each other. A judge still has to sign off to officially wrap things up.
The $258 Billion Claim
Back in 2022, Dogecoin investors accused Musk of orchestrating a “crypto pyramid scheme.” They pointed to his Saturday Night Live appearance—where he jokingly called himself “The Dogefather”—and his tweets as attempts to manipulate the market.
Musk and his legal team fired back, calling the lawsuit nonsense. They argued that tweeting jokes or memes about a legitimate cryptocurrency isn’t against the law.
Earlier this year, Musk even hinted Tesla might start taking Dogecoin for payments, though he didn’t share any details.
