> “Defendants falsely and deceptively claim that Dogecoin is a legitimate investment when it has no value at all,” Johnson said in his complaint,
What makes a cryptocurrency a "legitimate investment" ?
It clearly is a risky and highly speculative investment, but it's not clear to me what separates legitimate ones from illegitimate ones.
Johnson's claim that Dogecoin has no value at all seems rather bogus, as it still trades at well over 1 cent per coin (we can agree it has no "inherent value").
What makes a cryptocurrency a "legitimate investment" ? It clearly is a risky and highly speculative investment, but it's not clear to me what separates legitimate ones from illegitimate ones. Johnson's claim that Dogecoin has no value at all seems rather bogus, as it still trades at well over 1 cent per coin (we can agree it has no "inherent value").