According to Fox News, a lawsuit targeting Elon Musk's influence on Dogecoin (DOGE) will proceed after an Obama-nominated judge ruled to allow the case, while dropping all related claims against Donald Trump (source: Fox News, May 28, 2025). This legal development increases regulatory and legal risk for DOGE holders and may trigger short-term volatility in Dogecoin price action as traders assess Musk's ongoing impact on DOGE's market movements and investor sentiment. The outcome of this case could set important precedents for celebrity and executive involvement in cryptocurrency promotion, affecting broader altcoin market dynamics.