The platform for creating meme coins, Pump.fun, is facing a class action lawsuit accusing it of violating securities laws. The plaintiff, Diego Aguilar, claims that he lost money trading tokens created with Pump.fun and accuses the company of providing tools for creating and selling almost worthless tokens. The lawsuit demands that all tokens created on the platform be recognized as securities and subject to regulation under U.S. law.
1/31/2025 11:57:10 AM (GMT+1)
Pump.fun is accused of violating securities laws and making $500 million in commission fees, claiming that all tokens created on the platform are securities 💰
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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