I think it's a lot more complex than that. Whilst there's not been any memecoin lawsuits that I'm aware of, I expect that there will be, at some point.

Bottomline, a scam = a dishonest scheme to make money off others, and that's exactly what launching a memecoin that you definitely plan on rugging on the idea of "community" or whatsoever as an influencial figure is.

There's going to be slip ups at some point, especially in the marketing and continued subtle promotion of these coins.

They may not be securities or investment contracts fundamentally, but depending on what each memecoin represents and who is behind it's launch, it can be perceived as a scheme to rob others.

There's an expectation of profit off the labors of others(essentially the team behind the launch) from buyers. That's really all anyone looks to buying any of this shit.

But certainly, legally, at least right now, all what's been said above may not hold any weight, but it's still an embarrassment that this is all happening and it all can't be bulletproof, is all am saying.

Time will tell I guess.