Baton Corporation, the company behind Solana’s dominant memecoin launchpad Pump.fun, is looking for a Chief Legal Officer, and it is willing to pay seriously for the privilege. Co-founder Alon Cohen announced the opening on X around June 23, 2026, with a base salary range running from $1M to $5M.
The CLO role is not decorative. Baton needs someone who can navigate the full alphabet soup of US regulators: the SEC, CFTC, FinCEN, and OFAC, plus compliance frameworks across the UK, EU, and Asia-Pacific markets.
Baton is also dealing with a live legal threat. A class-action lawsuit filed January 30, 2025, in the Southern District of New York, case number 1:25-cv-00880, alleges that Baton and its founders conducted unregistered securities offerings tied to tokens launched on the Pump.fun platform.
Baton can afford this. Pump.fun has posted daily trading volumes exceeding $300M and recorded profits surpassing $500M in the past year. Those are numbers that would turn heads in any sector, let alone one run by a team of under 100 people.
Pump.fun launched in early 2024 and rapidly became the go-to platform for memecoin creation on Solana. The model is simple: anyone can deploy a token in seconds, with liquidity bootstrapped automatically through a bonding curve mechanism. It made launching a memecoin nearly frictionless, which is both the product’s appeal and its regulatory vulnerability.
