Pump.fun, the Solana-based platform that turned meme coin launching into a one-click affair, is now searching for a chief legal officer. The price tag: a base salary between $1 million and $5 million, plus commission and bonuses.
The CLO role covers an almost comically broad legal surface area. SEC oversight in the US, MiCA compliance in Europe, and UK regulatory frameworks all fall under the position’s umbrella.
Pump.fun operates under Baton Corporation Ltd, a UK-registered entity that launched the platform in January 2024. In the roughly 18 months since, the company has generated approximately $800 million in revenue from trading and graduation fees. It currently processes over $300 million in daily transaction volume.
Multiple class-action lawsuits have been filed against Baton Corporation since January 2025. The core allegation across these cases is that tokens launched on Pump.fun qualify as unregistered securities. One notable case, Aguilar v. Baton Corporation, puts the controversial nature of meme coin regulation front and center.
The platform also got hit with a user ban in the UK back in December 2024. Accusations of pump-and-dump schemes associated with meme coins launched on the platform have further complicated its legal posture.
