The platform that allows the release of MEME Coins in PUMP.Fun's disaster, Solana, continues to accumulate. a Second litigation It is submitted to the platform, engaged in fraudulent acts, and claims that it violates the US Securities Law.
This development will be added to the list of scrutiny of scrutiny for those who have been accused of being a MEME COIN project, especially the pump and dump spell.
New litigation claims to violate securities
Burwick Law and Wolf Popper LLP is a class action complaint, pump.fun We are selling unregistered securities with Memcoin.
The complaint says that The company misunderstood investors The insider who gained from their sacrifice has almost no essential value, and buying a token that is not essential. It raises a lot of regulatory questions about the Myers coin platform -whether they fall under the jurisdiction of the securities law.
** Litigation warning **
With the Barwick method @wolfpopperllp The PumpDotFun platform has been filed a second federal group lawsuit on behalf of investors.
Complete complaints that can be obtained below.
-Burwick method (@burwicklaw) January 30, 2025
Legal teams behind the lawsuit argue that PUMP.FUN's business resembles classical financial fraud tactics. By allowing quick creation and transactions MM coinThe platform may have promoted a scheme that earned the earnings at the expense of later participants at the expense of later participants.
This lawsuit indicates the pattern of platform legal tasks for similar reasons, in accordance with previous legal measures targeting Pump.fun.
Regulatory authorities and weight of experts
Legal experts and regulatory authorities use the comparison of a specific platform model and multi -level marketing fraud to keep up with the development of the situation.
Max Burwick, the founder of Burwick Law, has raised a variety of risks associated with the Meme Coin platform, stating that it is a very gray area in the future.
With an imminent legal announcement, I would like to be able to use my personal position on exploitation of MimeCoin. Please read the following: Please feel free to share it! pic.twitter.com/adndcqnrxh
-Max Bar Wick (@burwick_max) January 15, 2025
The encryption market aims to reduce illegal financial activities, so platforms like pump.fun may face many pressure to follow the current law.
The Investor Protection Group has also demand clearer rules for its status and classification based on the Mys's coin and securities law. If pump.fun is guilty of selling unregistered securities, you can set other cipher sites.
Hypering advertisement or market operation of Memcoin?
Litigation also pointed out more general issues, or discussions on Memcoin. For some people, these are lighter and fun aspects of the cryptocation market. But for others, they create a way to mass -operate in the market.
Mys's coins often rise very rapidly, fall down, have caused significant losses due to the death of investors, and critics say that PUMP.fun lives in artificial advertisements instead of value.
Special image from CCN, TradingView chart
