[TZubiri]

I concede that just because something is consensual doesn't mean that it is ethical or legal.

However there is and should be a legal difference between selling tobacco to unknowing customers, like in unlabeled soda or ice creams, against selling to cigarette buyers who are informed.

Similarly security laws are in place to protect legitimate investments, the courts do not want to be involved in inproductive speculative trades. You need to have some nuance between speculative casino games and genuine trading.

You can't treat both cases the same, if you do you do it at the expense of genuine commerce.

In this case, it crossed over to the criminal kind because it passed as an investment security, and was sold as such. So I do backtract in what I said in my original comment, I do see how THIS is a crime, but not other stuff like say, other typical pump.fun coins. Mostly because I learned a bit more about the case.