Samecoins, formerly considered to be community -oriented digital assets, are increasingly used to exploit retail investors, with an increasing number of scams and tokens that have failed celebrities, which raises regulatory concerns.
The collapse of $ 4 billion in the balance token (balance), which was approved by Argentinian President Javier Milei, is the last blow to the sector after eight initiate portfoli had collected $ 107 million in liquidity, which resulted in a 94% drop in prices in a few hours after launch.
The rise of the scams linked to the same presents important regulatory challenges, according to Anastasija Plotnikova, co-founder and CEO of the Blockchain Fideum regulatory company.
Source: Kobeissi letter
“The same has gone from social experiences focused on the community in a chaotic landscape dominated by the extraction of value of retail investors,” Plotnikova told Cointelegraph, adding:
“The initiate rings, the pump and dump patterns and groups of elite shooters have replaced the organic and collective nature of the original memecoins, creating an unhealthy playground.”
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Investors will also have to distinguish between the same, which can be considered as real “collectibles” and “fraudulent activities” such as carpet prints which are “not only contrary to ethics but also clearly illegal, with jurisprudence to support the application”.
“In my opinion, these activities should be the court of law enforcement organizations,” she added.
More disturbing revelations have emerged since the collapse of the balanced balance token in Milei, in particular that the balance was a “secret of the open” in the insider circles samecoin and that some members of the Jupiter decentralized Exchange knew the launch of token two weeks in advance.
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The memecoin scandals will probably have an impact on American cryptography legislation
Although the recent mergers same is a negative success for the feeling of investors, they may not have an impact on the emerging regulation of long-term cryptocurrencies, according to Dmitrij Radin, founder of Zekret and director of Fidideum technology.
Indeed, the legislation on cryptography is built with a “long-term” perspective, and not only on the basis of recent events, he told Cointtelegraph.
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It is also important to understand that the attraction of the balance carpet was different from that of the launch of Trump (Trump) official and official jets of Melania (Melania), the last two, it is unlikely to trigger a regulatory response in the United States, said Radin, adding:
“David Sacks, the Czar of American cryptography,” said that the same is more to collect. It should therefore not be regulated as security or something like that. »»
“This is why I believe that Trump and Melania coins could be taken in a different way from the balance,” he added.
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