May 5, 2026
**To the Securities and Exchange Commission:** I am writing as a private citizen and retail crypto participant from Prairieville, Louisiana, to provide input on the Commission’s March 17, 2026 interpretive release (File No. S7-2026-09) regarding the application of federal securities laws to crypto assets, including digital collectibles such as meme coins. Meme coins can play a healthy, innovative role in the crypto ecosystem when done right. However, many launchpads (such as Pump.fun) create an environment that enables widespread pump-and-dump schemes, rugs, and outright fraud that prey on retail investors on a higher market cap who do not know better. A true example of this includes the artificially pumped SCAM coin related to Elon's tweet “Scam Altman” contains a buyer at its peak purchasing $150,000 worth and was rugged instantly. I have great empathy for whomever was scammed in that awful manner, and whomever had lost their livelihood to these scam ridden markets. I haven't personally lost much of my own. I experimented with this market for a few days and what I observed was horrible beyond comprehension. I will never be back in that space. Stronger, targeted anti-fraud guardrails — such as mandatory disclosures, anti-botting, sniper wallet removal, KYC requirements on launch platforms, or clearer liability for obvious manipulation — would protect vulnerable participants, reduce life-ruining losses, build greater trust, and help crypto achieve mainstream adoption. I support a balanced approach: preserve the cultural and entertainment value of meme coins while closing the obvious loopholes that enable scams. This would allow utility-focused projects emphasizing real-world usage and network activity to thrive over pure speculation. Thank you for considering these views and for the important work the Commission is doing to bring clarity and higher safety to crypto. Sincerely, Jordan Vaughn Prairieville, Louisiana