As of now, it is the digital Wild, Wild West with no real regulations prohibiting people from creating their own shitcoinery and scamming the vulnerable population -organized crime or regular ol Joes.

There’s a fine balance of people being told to be educated first before making life-altering financial decisions versus having the freedom to do so without being reprimanded by centralized institutions telling them what they can or cannot do with their money.

And then! There’s another fine balance between an individual or organization having the freedom to create their own shitcoin they can promote to their unsuspecting audience promising no rug-pulls with full guarantees versus restricting the creation of shitcoins thus limiting the innovation of cryptocurrency to centralized institutions enforcing the restrictions.

If we decide to limit the freedom, will shitcoinery still take place? Will organized crime using shitcoins be reduced?

If we don’t limit the freedom and open the gates to everyone with the capability to use pump.fun-esque token launchers …well that’s where we’re at.