Background of the Case
A federal court in Washington, D.C. has received a class-action lawsuit filed against Trump advisor Epshteyn. The case centers around allegations of misleading promotion of a meme-based cryptocurrency known as “Let’s Go Brandon.”
Key Allegations
Investors claim that the defendants falsely advertised the coin as decentralized, while in reality, the developers retained full control over smart contracts, governance, and transactions, including the ability to freeze user accounts.
Demands from Investors
- Hold the defendants accountable
- Address consequences of deceptive marketing
- Call for stricter oversight of meme coin markets
This legal action has sparked broader conversations about cryptocurrency advertising practices and investor protection measures.