We believe the lawsuit is meritless and we are vigorouslydefending against the claims.  A motion to dismiss the case and associated briefing, filed by our attorneys at Winston & Strawn, is available here: [insert a link or embed].     The briefing explains many of the reasons the case fails, including the fact that the SEC’s Division of Corporation Finance recently released a “Staff Statement on Meme Coins,”in which the SEC Staff stated that transactions in memecoins “do not involve the offer and sale of securities under the federal securities laws” and “neither meme coin purchasers nor holders are protected by the federal securities laws.”  Nevertheless, the plaintiff has persisted with his claims.     Unfortunately, fighting against these types of lawsuits is very expensive and time consuming.  Given the potential impact of the case on the crypto community, we ask that you please consider contributing to our legal defense fund. 100% of your donations will go to our legal costs in fighting the case.  We intend to fight, fight, fight, and hope to establish positiveprecedent in this area of the law.   I remain excited about crypto and digital assets moving forward.  I have been pleased with the progress at the SEC.  But progress at the SEC is not enough.  Private plaintiffs are now trying to put a square peg in a round hole by attempting to fit federal and state securities laws onto digital assets such as memecoins.  This is the type of red tape that I believe will serve to stifle, not promote, growth in cryptocurrency and digital assets.  This is not what the crypto community is about.     Thank you again for your consideration and contributions.  Your support means the world to us.