Pump.fun sued for $500M: Is the memecoin market at legal risk?

Pump.fun, a leading memecoin launchpad, is at the centre of a new legal storm as a class-action lawsuit accuses it of violating US securities laws. The case, filed in the Southern District of New York, claims that all tokens created on Pump.fun qualify as securities and alleges that the platform has generated nearly $500 million […]