Legal Be Played for Suckers? Trump meme coin $TRUMP comes with a 'class action waiver'

U.S. President-elect Trump released the official meme coin $TRUMP, which caused a craze in the coin market, but according to $TRUMP Coin's official website, $TRUMP includes a class action waiver clause that waives the right to file a class action lawsuit against the $TRUMP issuance merchant CIC Digital LLC unless the purchaser objects in writing within 30 days of the first visit to the site. (Synopsis: Who is the winner and who is benefiting from the Trump meme coin$TRUMP?) What is the impact on the encryption market) (Background supplement: Trump Fa Coin was reported by Taiwanese for "violating the Money Laundering Prevention Act", PTTencryption moderator: The Financial Regulatory Commission is not quick to catch) The new US President Trump released the official meme coin TRUMP on the 18th, which set off a huge wave in the cryptocurrency market, and many people rushed to buy, and its Fully Diluted Valuation (FDV) once soared to an astonishing 750 Billions of dollars, bringing a wave of huge wealth effects. (HOWEVER, TRUMP PRICE BIG PUMPBIG DUMP, REMIND INVESTORS TO PAY MORE ATTENTION TO RISKS) ON THE OTHER HAND, FUBES ALSO RELEASED A COLUMN TODAY (20) SAYING THAT TRUMP'S USE OF PRESIDENTIAL POWER BEFORE TAKING OFFICE COUPLED WITH HIS INFLUENCE ON THE ENCRYPTION INDUSTRY ISSUANCE'S PERSONAL MEME COIN, WHICH LED TO A CONSTITUTIONAL CRISIS BREWING IN THE UNITED STATES. While cryptocurrency enthusiasts see this (Trump issuance meme coin) as a watershed moment for digital assets, this issuance raises profound legal questions about the intersection of presidential power, securities laws, and market integrity. This is not only about the future of cryptocurrency regulation, but also about the fundamental question of the line between political office and private business in the digital age. TRUMP INCLUDES A CLASS ACTION WAIVER CLAUSE It is worth noting that, according to the TRUMP coin official website, a class action waiver clause is included in the TRUMP coin purchase terms, which reads: To the extent permitted by law, investors participating in the purchase agree not to initiate, join or participate in any class action against any claim, controversy or controversy brought by any insured person. The investor agrees to enter into injunctive relief to stop such proceedings or to remove you as a participant in the proceedings. The investor agrees to pay attorneys' fees and court costs incurred by any insured person in seeking such relief. This clause prevents an Investor from initiating, joining, or participating in a Class Action: (i) does not constitute a waiver of any right or remedy for an Investor's separate claim, nor does it constitute a waiver of a Class Action in such binding arbitration; (ii) is an independent protocol. Investors may opt out of these dispute resolution provisions by providing written notice of their decision within thirty (30) days from the date of first access to the Site. Is the exemption valid? Newsweek reports that companies often use class-action waivers to drop financial risk, but opponents argue that the practice could limit consumer rights and reduce corporate accountability, and that such exemptions (in which a party to a contract waives some legal rights) have been controversial and have sparked controversy in the U.S. Congress and the Supreme Court. The terms of purchase on TRUMP coin's website emphasize that the coin "is not intended to be or constitute an investment opportunity, investment contract or security of any kind" and that purchasers waive their right to bring class actions against CIC Digital LLC, a $TRUMP issuance and an affiliate of the Trump Group, unless the purchaser "gives notice in writing of waiver of this provision" within 30 days of the purchaser's first visit to the website. The U.S. Supreme Court is divided on the effectiveness of class action waivers under the Federal Arbitration Act (FAA), which allows private disputes to be resolved outside the judicial system, a September 2024 report by the Congressional Research Service (CRS) noted: In a series of sharply divergent judgments, the Supreme Court, based on the FAA, interpreted the class action waiver clause in the arbitration protocol to be generally enforceable, even if the plaintiff's claim for damages was too low. Insufficient to justify the costs of separate arbitration Congress is considering new limits on these exemptions, and the report mentions that multiple bills introduced in Congress in the 118th Congress propose to amend the Federal Arbitration Act to limit or prohibit enforcement of arbitration protocols and class action waivers under certain circumstances. Related reports Mrs. Trump also posted memes coin $MELANIA! Community rage: Fed up being a fool Solana Thank you Trump! 20% hit a new high in a single day, and the $TRUMP team sold 7 million magnesium Liquidity to buy SOL Trump's second son posted a hint that "a major ETH event will be announced today", WLFI increased the position last night 14,000 Ethereum "Be Played for Suckers? Trump Meme Coin $TRUMP Built-in "Class Action Waiver Clause" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Block Chain News Media".