A federal judge in Manhattan has played a significant role in the dismissal of a substantial class action lawsuit valued at $248 billion against Elon Musk. The case revolved around Musk’s public statements about Dogecoin.
The judge concluded that Musk's assertions were merely "aspirational and puffery," implying they were not meant to be taken literally or legally seriously.
This ruling illustrates the difficulty in holding public figures legally accountable for promotional statements made about volatile cryptocurrencies like Dogecoin.
