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Pump Fun co-founder Dylan Kerler linked to 2017 ICO scams, report

Dylan Kerler, the Pump Fun co-founder, has been linked to a shitcoin that rugpulled in 2017 when he was just 16-years-old.

Meme coins add 2017 ICO-style ‘utility’ to offerings

Although early meme coins promised no utility, hundreds of newcomers are adding 2017 ICO-style utility as a way to attract attention.

The SEC is responsible for overseeing, regulating, and enforcing compliance on US securities offerings, but following its rules can be tough.

To help make the ICO seem legit, TBIS’s whitepaper claimed that the company had entered into partnerships with 25 big-name companies.

The SEC wants to stop NFT projects mimicking the initial coin offering boom of 2018, which saw countless illegal securities sales.