Trump Advisor Epshteyn Sued Over Promotion of "Let's Go Brandon" Meme Coin

A class-action lawsuit filed in U.S. District Court alleges the project falsely claimed to be decentralized while operators retained smart contract control.

Summary

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Terms & Concepts
  • Meme Coin: A cryptocurrency inspired by internet memes or pop culture, often characterized by high volatility and community-driven movements.
  • Smart Contract: Self-executing code on a blockchain that automatically enforces the terms of an agreement when specific conditions are met.