Baton Corporation, the development company behind memecoin launchpad Pump.fun, is seeking a Chief Legal Officer at a base salary of $1M to $5M, a compensation band that puts the hire among the best-paid legal executives in crypto.
Baton Corporation, the UK-headquartered development company behind Pump.fun, is recruiting a Chief Legal Officer at a base salary of $1M to $5M, co-founder Alon Cohen posted Wednesday on X.
A $1M base floor for a CLO is well above the median for senior in-house legal executives at most crypto firms; the $5M ceiling rivals packages at major US investment banks. Per the job posting, the hire will lead regulatory engagement, respond to agency inquiries, and represent the company in proceedings alongside outside counsel.
The job posting describes Pump.fun as processing “$300M+ daily volume” and says the platform generated “more than $500M in profit” last year “with a team of fewer than 100 people.”
Baton describes itself as “one of the fastest growing crypto platforms in history” and cites ambitions to build a “global consumer brand that tokenizes the world’s highest potential, early-stage ideas.”
The CLO will sit alongside an existing General Counsel and take on four core domains: US digital-asset regulatory affairs covering SEC, CFTC, FinCEN and OFAC; product and commercial counsel; corporate governance across Baton’s UK parent and any US or international subsidiaries; and cross-border compliance spanning UK FCA, EU MiCA and APAC jurisdictions.
The posting also calls for oversight of AML/KYC programmes and management of litigation, class actions and law enforcement requests.
Pump.fun has previously drawn attention for its content policies after its GO Bounty platform launched to immediate backlash. The Defiant has also covered the platform’s revenue model, including a 50% revenue buyback-and-burn initiative announced earlier. The new CLO hire adds a legal infrastructure layer to what has, until now, been a lean headcount operation.
