In an interesting turn of events, Elon Musk’s lawsuit over alleged manipulation of the Dogecoin ($DOGE) price has been resolved after investors dropped their appeals and motions. The case attracted a lot of attention because Musk, known for his tweets and influence on the cryptocurrency market, was accused of artificially inflating the price of the meme coin through his words and actions.
The dismissal of the case may mean that the risk of legal repercussions for public figures who actively comment on cryptocurrencies remains limited for now. It is a signal to the crypto market that even high-profile allegations do not always lead to serious consequences for famous figures.
It also reinforces the confidence of Dogecoin and other cryptocurrency supporters that the crypto market remains relatively free of legal precedents that could influence the behavior of key influencers.