A federal judge dismisses a lawsuit claiming Elon Musk and Tesla pumped up Dogecoin into a "pyramid scheme", finding that Musk's statements were "aspirational" (Rachel Graf/Bloomberg)

Rachel Graf / Bloomberg: A federal judge dismisses a lawsuit claiming Elon Musk and Tesla pumped up Dogecoin into a “pyramid scheme”, finding that Musk's statements were “aspirational”  —  Investors who lost tens of thousands of dollars investing in the cryptocurrency faulted Musk for promoting …

Aug 30, 2024 - 09:00
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A federal judge dismisses a lawsuit claiming Elon Musk and Tesla pumped up Dogecoin into a "pyramid scheme", finding that Musk's statements were "aspirational" (Rachel Graf/Bloomberg)

Rachel Graf / Bloomberg:
A federal judge dismisses a lawsuit claiming Elon Musk and Tesla pumped up Dogecoin into a “pyramid scheme”, finding that Musk's statements were “aspirational”  —  Investors who lost tens of thousands of dollars investing in the cryptocurrency faulted Musk for promoting …