The rise of meme coins in 2024, driven by community takeovers (CTOs), may result in serious legal issues for those involved, according to legal experts. Key risks include misleading marketing, unfair trade practices, and even criminal misrepresentation or fraud. CTO teams risk falsely advertising the token, leading to potential legal trouble. Intellectual property (IP) is also a concern, as CTO teams may infringe on the rights of the original developer. However, the enforcement of these laws and legal consequences in the meme coin sector may be less likely due to its speculative nature.



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