TechFlow reported on February 19 that Eliézer Ndinga, Head of Strategy at 21Shares, stated the LIBRA token scandal marks the peak of the meme coin frenzy. He called for launchpad platforms to strengthen risk management and proposed establishing a global regulatory framework targeting meme coin issuance by public officials.
Ndinga emphasized that while permissionless innovation should be preserved, protective mechanisms are necessary to guard against fraud. He suggested implementing automated systems to flag contract addresses previously involved in rug pulls, helping investors identify potential risks.
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