PANews June 25 news, according to The Block, Solana meme coin launchpad Pump.fun is hiring a Chief Legal Officer with an annual salary of $1 million to $5 million. The role covers U.S. digital asset regulatory affairs involving the SEC, CFTC, FinCEN, and OFAC, while also being responsible for compliance management in the UK, EU, and Asia-Pacific regions, and handling investigations, litigation, and enforcement agency requests.

Pump.fun has been embroiled in controversies multiple times over the past two and a half years. The recently launched rewards marketplace Pump.fun GO drew criticism after users posted extreme tasks, which have since been removed. During the 2024 meme coin frenzy, the platform's livestream feature was used to promote tokens through self-harm, violence, and animal abuse; the platform suspended the feature and later relaunched it under stricter moderation policies. Additionally, Pump.fun is facing a class-action lawsuit in New York, accused of operating an unregistered securities and racketeering enterprise.