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🗞 Top #CryptoNews: Sat, Nov 16 (24H) 1️⃣ Gary Gensler claims SEC helped crypto, takes credit for #BitcoinETFs, dismisses altcoins and hints at resignation 2️⃣ #Dogecoin investors withdraw case against #ElonMusk as $259B lawsuit falls flat https://t.co/GJAazel4V1
.@dogecoin investors have dropped their class-action lawsuit against @elonmusk, which accused him of manipulating the price of $DOGE during its 2021 surge from less than $0.10 to around $0.70. https://t.co/mhO8cbvA1x https://t.co/fMr26xnirr
Lawsuit accusing Elon Musk of rigging $DOGE ends as investors drop their appeal and legal motions. https://t.co/Nk7C5tf2cU
Dogecoin investors have decided to withdraw their $259 billion class-action lawsuit against Elon Musk and Tesla, which accused Musk of manipulating the cryptocurrency's price during its significant surge in 2021. The investors previously appealed a ruling made on August 29 that dismissed their case, but have now agreed to drop the appeal. The lawsuit claimed that Musk engaged in fraud and insider trading related to Dogecoin, which rose from less than $0.10 to around $0.70 during that period. This decision marks the end of a high-profile legal battle involving one of the most prominent figures in the cryptocurrency space.