Baton Corporation, the UK-registered company behind Solana memecoin launchpad Pump.fun, is hiring a chief legal officer with annual compensation of $1 million to $5 million as it confronts escalating legal risk. Co-founder Alon Cohen said the company is looking for someone to own its regulatory and litigation posture. The job listing says Pump.fun processes more than $300 million in daily trading volume and generated over $500 million in profit last year with a team of fewer than 100 people. The chief legal officer would report to a general counsel and oversee U.S. digital-asset regulation across the SEC, CFTC, FinCEN and OFAC, along with UK FCA compliance, EU MiCA obligations and litigation management across jurisdictions. The hiring comes as Baton fights a consolidated class action in the Southern District of New York alleging tokens launched through Pump.fun were unregistered securities and, under a separate RICO theory, that the company operated a racketeering enterprise. A separate complaint filed on Jan. 16, 2025 centers on the PNUT token, which plaintiffs say reached a $1 billion market capitalization before falling 89% from its peak. Plaintiffs in the broader case are seeking roughly $5.5 billion, treble damages under RICO and appointment of a receiver to take control of Baton’s operations, while the court docket shows the most recent filing date as April 14, 2026.