Pump.fun seeks chief legal officer with $1M–$5M pay

Pump.fun, a Solana-based memecoin launchpad, is recruiting a chief legal officer with a total compensation package of $1 million to $5 million, according to a job posting and a post by co-founder Alon Cohen on X.

Baton Corporation, the developer behind Pump.fun, says the new hire will work alongside the company’s general counsel on regulatory affairs, product counsel, corporate governance and cross-border compliance. The job posting lists responsibility for managing investigations, litigation and law enforcement requests.

The listing specifies the role will serve as the company’s lead on U.S. digital asset regulation, covering the Securities and Exchange Commission, Commodity Futures Trading Commission, Financial Crimes Enforcement Network and the Office of Foreign Assets Control. The CLO would also oversee the firm’s regulatory posture across the U.K., European Union and Asia-Pacific regions.

Baton described Pump.fun as the “dominant memecoin launchpad on Solana,” and the company said the platform processes more than $300 million in daily volume, generated more than $500 million in profit last year and employs roughly 100 people.

In a post on X, co-founder Alon Cohen wrote that the team has built “one of the fastest growing crypto platforms in history” and stated ambitions to create a global consumer brand that tokenizes early-stage ideas.

Pump.fun has faced several controversies since its launch. The platform’s bounty marketplace, Pump.fun GO, drew criticism after users posted extreme tasks in exchange for rewards paid in Solana tokens; some tasks paid people to receive promotional face tattoos, and one bounty offering payment for a filmed suicide was removed.

During a memecoin boom in 2024, creators used a livestream feature to promote tokens by staging acts involving self-harm, violence and animal abuse. The company suspended the livestream feature and later relaunched it with stricter moderation policies.

The company is defending a class action lawsuit filed in New York in which investors allege Pump.fun and other Solana ecosystem firms operated an unlicensed securities and racketeering enterprise. The case is pending and includes motions to dismiss. The job posting states the chief legal officer will handle regulatory and legal matters related to the company’s global expansion.