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Brian Armstrong, CEO of Coinbase, has issued a warning regarding the rise of certain memecoins that have facilitated insider trading, labeling such activities as illegal. Armstrong emphasized that individuals engaging in insider trading should be aware of the potential for imprisonment. He noted that the trend of memecoins has escalated to a point where it poses legal risks, urging the community to eliminate bad actors while supporting those who aim to create lasting value in the cryptocurrency space. His remarks reflect a growing concern within the industry about the implications of speculative trading practices and the need for regulatory awareness among investors.
" Some memecoins have clearly gone too far lately, to the extent people are insider trading. This is illegal, and people should understand that you will go to prison for this. In every crypto cycle, there is a get rich quick crowd that comes and goes, and learns this lesson the… https://t.co/4ExzQSoqc8
今天早上 @9gagceo 在 @consensus_hk 的對談裡說了什麼？ 嗯，長話短說，沒什麼。 除了跟我在 @Memeland 出現的第一天，最bullish的願景一樣���外： 透過 @9GAG 的創作者生態與用戶，與Web2連結 @MemePay 不只是用來讓幣圈的人更容易花錢出金，也會探索如何接入9GAG的創作者生態。 @MemeStrategy… https://t.co/gjUH3dGNqT
$Bitcoin is the "biggest memecoin on earth," @Memeland CEO @9gagceo says. And as the industry pushes for mainstream crypto adoption, memes are the "most influential instrument" for crypto to break into Web 2. https://t.co/2C5ScZaMBU
