Baton Corporation, the UK-registered development company behind Pump.fun, is seeking its first chief legal officer, with a base salary between $1 million and $5 million plus commission and bonuses, as the Solana-based memecoin platform faces class-action lawsuits and a user ban in the United Kingdom.
The listing appeared on X Wednesday, posted by Pump.fun co-founder Alon Cohen. The role will serve as the principal legal advisor alongside the company's General Counsel, with responsibilities that span regulatory affairs through corporate governance and cross-border compliance.
"We've built one of the fastest growing crypto platforms in history, with ambitions to create a global consumer brand that tokenizes the world's highest potential, early-stage ideas," Cohen wrote. "As we scale, we need a legal team that matches that ambition and ensures we can massively grow while mitigating key risks."
Pump.fun launched on Solana in January 2024. Baton Corporation describes the platform as the dominant memecoin launchpad on Solana, with more than $300 million in daily transaction volume and over $500 million in profit generated last year with a team of fewer than 100 employees. The company's operational center is in New York.
The job description requires the candidate to serve as Baton's primary internal expert on U.S. digital asset regulation, with the SEC and CFTC among the agencies whose frameworks the CLO would navigate. The role also spans international jurisdictions, including the UK's Financial Conduct Authority and the EU's MiCA framework. The candidate must have at least ten years of legal experience that includes meaningful in-house time in crypto, fintech, or regulated financial services, and must be admitted to the New York Bar or eligible for admission on motion.
Class actions filed since January 2025
Multiple class-action lawsuits were filed against Baton Corporation from January 2025, with the central claim that tokens launched on Pump.fun qualify as unregistered securities. Aguilar v. Baton Corporation is among the pending cases, with parties in litigation over motions to dismiss.
A user ban in the United Kingdom arrived in December 2024, tied to accusations of pump-and-dump schemes associated with tokens on the platform.
The job description addresses that history. The posting asks for a candidate "experienced in managing litigation, regulatory investigations, and enforcement actions" who has "been in the room when things become difficult." The CLO would also lead the company's response to law enforcement requests, with oversight of outside counsel relationships.
The PUMP token raise and in-house legal structure
In July 2025, Baton Corporation raised approximately $1.3 billion through an initial coin offering of its native PUMP token. The raise broke down to roughly $600 million in public sales and around $720 million from private funding. That capital base and ongoing class-action exposure together pressed the company toward a formal in-house legal function rather than reliance on outside counsel alone.
The job listing asks the CLO to "identify emerging legal risks before they become existential" and to "build scalable internal processes that the business can actually use." The position reports directly to the General Counsel.
Bounty marketplace drew criticism before the listing appeared
Pump.fun's bounty marketplace, Pump.fun GO, attracted criticism after users posted extreme tasks in exchange for rewards paid in Solana's native SOL tokens. Reports found that some users were paid to get promotional tattoos on their faces. One bounty that offered nearly $700,000 for someone to film their suicide was removed from the platform.
Earlier, during the memecoin market activity of 2024, creators used Pump.fun's livestream feature to promote tokens through content that ranged from self-harm to animal abuse. The company suspended the feature and later relaunched it with stricter moderation policies.
The job listing describes the ideal candidate as someone "comfortable in genuine ambiguity" because "crypto law is unsettled and evolving." The posting states Baton Corporation wants clear, actionable advice that "enables the business to move forward, not opinions that generate more questions than answers." The company also listed "absolute discretion" as a non-negotiable attribute, because the matters the CLO handles are described as sensitive.
Jordan V.
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