Crypto Investor Sues Pump.Fun

This is a meme news story, published by Wired, that relates primarily to Burwick news.

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Memecoin trading

Wired

•

Business

Business & Economics

They Went After the Hawk Tuah Crypto Promoters. Now They're Suing Pump.Fun

Summary

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71% Informative

A crypto investor has brought a class action lawsuit against Pump. Fun, a platform for launching and investing in meme -inspired cryptocurrencies, after suffering trading losses.

The lawsuit hinges on the idea that memecoin should in some circumstances be classified as securities, a particular type of investment instrument.

Memecoin trading has frequently been compared to gambling at a casino.

But Burwick says the metaphor is ill-fitting because it erases the responsibility to investors that should be borne by the platforms through which memecoins are issued.

In December , Tweedale said Pump.Fun plans to introduce age restrictions but provided no further specifics.

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formal

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English

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not offensive

Hate speech