U.S. District Judge dismisses Dogecoin pyramid scheme lawsuit against Elon Musk and Tesla.

Elon Musk and Tesla have successfully dismissed a lawsuit accusing them of promoting Dogecoin as a $258 billion "pyramid scheme" and manipulating its price. U.S. District Judge Alvin Hellerstein ruled that Musk's tweets were aspirational and not factual, making them unreliable for investors. The judge also dismissed allegations of a "pump and dump" scheme involving Dogecoin.