Judge Dismisses $258 Billion Lawsuit Against Elon Musk for Promoting Dogecoin

District Judge Alvin Hellerstein has dismissed a lawsuit against Elon Musk and electric car maker Tesla for promoting Dogecoin.

American Keith Johnson sought $258 billion in damages and compensation.

The plaintiff wanted to bar the billionaire and his companies from promoting the coin, as well as to declare trading in this cryptocurrency “gambling.” According to him, the defendants manipulated the market and engaged in insider trading.

The judge noted that Musk’s tweets cited in the complaint were “ambitious and bombastic, and not based on fact.”