The Memecoin Economy Is Just Gambling, and It Should Be Regulated as Such
Pretending that anonymously-launched joke tokens are software products is a regulatory fiction that has cost retail traders billions.
Alejandro Ruiz//Apr 9, 2025//6m
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Pretending that anonymously-launched joke tokens are software products is a regulatory fiction that has cost retail traders billions.
The launchpad's nine-figure revenue is impressive and almost entirely dependent on a single procyclical activity that historically goes to zero in downturns.