Back
Pump.fun developer Baton seeks chief legal officer with $1 million-$5 million pay

Pump.fun developer Baton seeks chief legal officer with $1 million-$5 million pay

The role would cover U.S. digital-asset regulation, cross-border compliance and investigations as Pump.fun faces securities and racketeering claims in New York and broader scrutiny in Europe.

SOL

Fact Check
The official Baton Corporation job posting directly confirms the title 'Chief Legal Officer (CLO) ($1M-$5M salary)' and identifies Baton as the developer of pump.fun, with responsibilities for US digital-asset regulation, cross-border compliance, and managing investigations/litigation—matching the claim. Pump.fun co-founder Alon Cohen's official X post corroborates the $1m-$5m base salary and scope. The Block's reporting independently corroborates these details and confirms the content-moderation scrutiny and the pending New York class action referenced in the claim. The only minor framing nuance is that the posted role reports to a General Counsel, but the substance of the claim is fully supported.
    Reference: 123
Summary

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.

Terms & Concepts
  • RICO: A U.S. law used to prosecute alleged racketeering activity that can allow triple damages in civil cases.
  • MiCA: The European Union's regulatory framework for crypto-asset markets and related service providers.
  • receiver: A court-appointed party that can take control of a company's operations or assets during a legal dispute.