Memeco Platform Pump.fun is Again in a legal script The proposed collective lawsuit also accuses it of violating the laws of US stock. The lawsuit claims that all symbols are created on the pump. The Fun platform is qualified as securities, and the company has achieved approximately $ 500 million of fees by enabling users to launch Memecoins. The case was introduced in the southern region of New York, and raises the constant debate about when the distinctive symbol is considered safe.
A legal battle rises
The main prosecutor, Diego Agilar, claims to have a trading pump financial loss. Distinctive symbols created by FWG, Farid, Griffin. Although Pump.fun does not directly create symbols, the lawsuit argues that by providing a mechanical mechanical platform, the company is working as a common source. ”The lawsuit targets Baton Corporation registered in the United Kingdom, which is believed to be working to operate PUMP. Fun, along with its participating founders.
Protection of the investor’s interest, Burwick Law and Wolf Peppper LLP jointly foot A lawsuit against the platform to harm investors through mechanical fraud and broken promises. The company says it works with people who have lost money due to the carpet and fraud withdrawal. Pump.fun also criticized the formation of hundreds of millions of drawings while allowing harmful content and attacking his platform.
However, the X user shared his ideas on the controversy of securities, known as APATE Indicate By that Memecoins was explicitly excluded from its classification as securities under the amendment of the Securities Exchange Law of 1987. It also highlights that the Supreme Education Council lost a similar case in 2019 that included Dogecoin derivatives, which indicates the existence of a difficult legal path for the organizers Those trying to classify memecoins as securities.
Not the first lawsuit
This is not the first legal battle for pump.fun. Wolf Popper LLP, which has already raised the company Wolf Popper LLP, sued the company to the distinctive symbol of PNUT, which once reached a billion dollar market ceiling, but has since decreased by 89 %. Another suit targeted the hawks icon, associated with the influencer Helei Walsh.
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Market feeling
Despite the controversy and lawsuits, Memecoins witnessed tremendous growth in early 2025. Last month, POMP.fun made revenues of $ 116.72 million, overcoming Solana with a value of $ 116.46 million and $ 107.64 million from ETAREUM. On just 24 hours, trading volume reached $ 295.53 million, with fees increasing to $ 1.45 billion.
Organizational challenges loom on the horizon
POMP.fun has faced scrutiny since its launch, including a warning from the UK financial organizer and its criticism of the direct broadcast feature, which has been abused by some users. Meanwhile, the Supreme Education Council under the Trump administration turns its approach to the organization of encryption, which may change the encryption game for violators.
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