As stated by the American SEC, memecoins aren’t securities or investment agreements under national legislation because they don’t produce revenue or guarantee future profits for owners. Conversely, they resemble baseball cards, comic books, or Beanie Babies.
Alon Cohen, a key figure at Pump.fun, which is a launchpad for Solana memecoins, highlighted a vital takeaway: even minor hesitations or dangers can snowball into significant difficulties should circumstances worsen. It’s akin to advising, “Pay attention to those subtle warning signs, as they could be masking a substantial issue!” TruBit Collaborates with Morpho to Introduce DeFi Unearned Revenue in Latin America
Clarification, February 28: The Pump.Fun co-creator’s name was incorrectly stated in an earlier iteration of this piece. Alon Cohen is his identity.
