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Legal expert: Pump.fun'Memecoin 'frenzy could lead to criminal charges

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2024-11-26 06:40:38
Extreme content Pump.fun could spark criminal investigations and civil lawsuits, a legal expert has warned. Its live-streaming feature appears to be turning into a platform for developers to stream extreme shock content to promote their tokens - which could lead to civil or criminal lawsuits, according to legal experts. From suicide threats and animal cruelty to pornography, developers who push the boundaries face few consequences other than the removal of their content.
Meanwhile, industry players urged the Pump.fun to stop its live streaming, which it did earlier today, until it can properly audit the content.
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