Pump.fun Parent Offers $1M To $5M Legal Chief Role Amid New York Class Action

Baton Corporation, the company behind Pump.fun, is hiring a chief legal officer with a listed base salary of $1 million to $5 million as the Solana memecoin launchpad faces one of the most important legal fights in its history.

The Chief Legal Officer role is listed for London and New York and reports to Baton’s General Counsel. The position covers regulatory affairs, product counsel, corporate governance, cross-border compliance, litigation, class actions, law enforcement requests, AML/KYC program integrity, data privacy, marketing review and global regulatory strategy.

The pay range stands out even by crypto standards. Baton says Pump.fun processes more than $300 million in daily volume and generated more than $500 million in profit last year with a team of fewer than 100 people. The platform has become one of Solana’s most active consumer crypto products, giving users a fast route to launch and trade memecoins with minimal friction.

The role also shows how much legal risk now surrounds fast-growth token platforms. Baton wants a senior lawyer with deep knowledge of SEC, CFTC, FinCEN and OFAC expectations, plus familiarity with the UK FCA, EU MiCA, DORA, FATF standards and APAC regulatory regimes.

Class Action Adds Legal Pressure

Baton is a defendant in Aguilar v. Baton Corporation Ltd. d/b/a Pump.Fun et al., a consolidated class action in the Southern District of New York. The court docket lists Baton, Pump.fun founders Alon Cohen, Dylan Kerler and Noah Bernhard Hugo Tweedale, Solana Labs, the Solana Foundation and several Solana executives among the defendants.

The plaintiffs allege that defendants coordinated a “Pump Enterprise” to profit from token launches while misleading ordinary users about the fairness of the process. The amended claims include alleged unregistered securities sales under Section 12(a)(1) of the Securities Act, RICO claims, New York deceptive-practices claims and unjust enrichment claims.

Those are allegations, not findings of liability. The court granted plaintiffs leave to file a second amended complaint in December and set a schedule for renewed motions to dismiss. The case continues to create a direct legal overhang for Baton as Pump.fun scales its product and token ecosystem.

Wolf Popper and Burwick Law’s case page says the consolidated litigation seeks damages for purchasers of tokens issued, promoted or sold through Pump.fun. The same page says the related PNUT case and broader token case were filed in January 2025 and later consolidated under the Aguilar case.

Product Growth Meets Regulatory Ambition

Pump.fun’s legal hiring push comes as the platform tries to turn memecoin launch activity into a broader consumer crypto brand. Baton’s listing says the company wants to tokenize “the world’s highest potential, early-stage ideas,” a phrase that places legal review closer to the center of product design rather than after-the-fact risk control.

That ambition comes with several regulatory surfaces. A launchpad can face questions around token issuance, promotion, market structure, consumer protection, KYC/AML, sanctions screening, data privacy, creator conduct, market manipulation, advertising and cross-border access. A platform that reaches users across the U.S., EU, UK and Asia needs legal controls that work before a product ships, not only when a regulator sends an inquiry.

Pump.fun remains a core part of Solana’s retail trading cycle. Earlier market data showed Pump.fun traders turning profitable again after a long period when losing wallets dominated the platform’s earlier boom. Its newer GO marketplace has also pushed the brand deeper into attention-driven campaigns, including a tattoo bounty dispute that became a memecoin spectacle.