🚨 WARNING: Pump.fun is under the regulators' scrutiny! A class action lawsuit accuses the platform of violating securities laws 💥
The Pump.fun platform, known as the "meme coin factory", has found itself at the center of a scandal. A group of investors has filed a class action lawsuit, claiming that all tokens on the platform are unregistered securities.
Key claims:
SEC involved: The plaintiffs insist that the meme coins on Pump.fun fall under the definition of securities according to the Howey test.
Risk for investors: The platform allegedly does not warn users about risks and manipulates liquidity.
Consequences: If the court agrees, Pump.fun could be blocked, and tokens could be delisted from exchanges.
Blow to meme coins: The court's decision will set a precedent for other platforms (DEXTools, Uniswap).
Community reaction:
"This is the beginning of the end for decentralized meme coins" — @CryptoLawyer.
"The SEC wants to control even jokes" — @MemeKing.
What should traders do?
1️⃣ Withdraw funds from Pump.fun before possible account freezing.
2️⃣ Avoid purchasing new meme coins — high likelihood of dumps.
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