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Legal and Regulatory Fallout
Crypto-Detective
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Chow resigned in February and denies wrongdoing, claiming the Dynamic Liquidity Market Maker is a permissionless launch tool, not a trading entity.
Meanwhile, a US judge has unfrozen $57.6M in USDC tied to the case. The suit also names Hayden Davis and Kelsier Ventures, alleging they ran at least 15 token launches using the same model.
Regulators continue debating meme coin classification, with the SEC likening them to collectibles, leaving fraud enforcement to agencies like the CFTC.
