Molly Conger

Yeah, it's a little wild. So unlike the Trump token, Millay did not launch this token. He was not the mastermind behind it. It's not clear how much he really knew about the team behind it or what they were doing, but... He was certainly convinced to endorse this token and, you know, pump it up on Twitter and all of this. And again, this is not an unusual thing for meme coins to do.

I mean, it's unusual for them to find a president, but apparently not now. Like, that's true. It was unusual for them to find a president. But, you know, there's this whole process with meme coins where they try to find influential people to talk about them to drive the interest in the token.

I mean, it's unusual for them to find a president, but apparently not now. Like, that's true. It was unusual for them to find a president. But, you know, there's this whole process with meme coins where they try to find influential people to talk about them to drive the interest in the token.

I mean, it's unusual for them to find a president, but apparently not now. Like, that's true. It was unusual for them to find a president. But, you know, there's this whole process with meme coins where they try to find influential people to talk about them to drive the interest in the token.

And so they will hire celebrities or people who are influential in the crypto world or, you know, anyone with some degree of a platform to promote a token. And ostensibly, they're supposed to disclose that they are being paid to promote the token. They rarely do. Yeah. It is technically illegal, but like rarely, rarely enforced for someone to promote a token without disclosure.

And so they will hire celebrities or people who are influential in the crypto world or, you know, anyone with some degree of a platform to promote a token. And ostensibly, they're supposed to disclose that they are being paid to promote the token. They rarely do. Yeah. It is technically illegal, but like rarely, rarely enforced for someone to promote a token without disclosure.

And so they will hire celebrities or people who are influential in the crypto world or, you know, anyone with some degree of a platform to promote a token. And ostensibly, they're supposed to disclose that they are being paid to promote the token. They rarely do. Yeah. It is technically illegal, but like rarely, rarely enforced for someone to promote a token without disclosure.

One of the very few cases where it was enforced was against Kim Kardashian, of all people.

One of the very few cases where it was enforced was against Kim Kardashian, of all people.

One of the very few cases where it was enforced was against Kim Kardashian, of all people.

Yeah. And that was years ago before the SEC was bought by the crypto companies. And so, you know.

Yeah. And that was years ago before the SEC was bought by the crypto companies. And so, you know.

Yeah. And that was years ago before the SEC was bought by the crypto companies. And so, you know.

was that this yeah was it yesterday as we're recording this recording this on friday uh was it was it yesterday that the the the is it the sec the sec that dropped the case against coinbase sec and that was today yeah this morning today oh my god yeah yeah and i mean we're seeing this everywhere but the sec has paused a case against binance which had involved allegations of actual fraud not just the sort of like minor securities law violations

was that this yeah was it yesterday as we're recording this recording this on friday uh was it was it yesterday that the the the is it the sec the sec that dropped the case against coinbase sec and that was today yeah this morning today oh my god yeah yeah and i mean we're seeing this everywhere but the sec has paused a case against binance which had involved allegations of actual fraud not just the sort of like minor securities law violations

was that this yeah was it yesterday as we're recording this recording this on friday uh was it was it yesterday that the the the is it the sec the sec that dropped the case against coinbase sec and that was today yeah this morning today oh my god yeah yeah and i mean we're seeing this everywhere but the sec has paused a case against binance which had involved allegations of actual fraud not just the sort of like minor securities law violations

Fraud is also actually a securities law violation.

Fraud is also actually a securities law violation.

Fraud is also actually a securities law violation.

Yeah, Binance is the biggest cryptocurrency exchange in the world. Coinbase is the biggest cryptocurrency exchange in the United States. Coinbase spent over $75 million on the most recent political cycle in the U.S. and now is reaping the rewards by having the SEC case against them dropped. So I would not expect much in the way of SEC enforcement against crypto founders or companies.