In July 2026, A New arrangement Will take effect in California, where Bisk’s family lives, requiring residents to obtain a license to participate.Digital financial asset business activity,” involves exchanging, transferring, storing or managing certain crypto assets. President-elect Donald Trump also New crypto rules promised. But for now, there are no crypto-specific laws.
“We’re in a legal vacuum where there are no clear laws,” says Andrew Gordon, partner at law firm Gordon Law. “Once we know what is ‘in bounds’, we will also know what is ‘out of bounds’. This will hopefully create an environment where rug pulls don’t happen, or when they do they are seen as a criminal violation. “
On November 19, as evening wore on, the angry messages continued to pour in, Bisk says. While some celebrated his son’s actions, calling for him to return and mint another coin, others were threatening or aggressive. “Your son stole my money” wrote A person on Instagram.
Bisk and his wife were still trying to understand how their son could make so much money so quickly. “I was trying to understand how this meme crypto business works,” says Bisk.
Some memecoin traders, realizing that there could be money in closing the turn of events, created new coins at the pump. Fun inspired by Bisk and his wife: Quant father And Quantus mother. (Both are now practically obsolete.)
Equally upset and nervous, Bisk and his wife came up with a makeshift plan: to make all public social media accounts private, stop answering the phone, and, in general, sulk until things were over. goes (Bisk’s account is active at the time of writing.) Bisk declined to comment on whether the family has contacted law enforcement or what will happen to the funds, saying only that his son “took the money away.” will do.”
A few hours later, an X account posted on X under Bisque’s son’s name, begging people to stop contacting his parents. “I’m sorry about the quantum, I didn’t realize I got so much money. Please don’t write to my parents, I’ll pay you back. [sic]” Read the post. Bisk claims the account is not run by his son.
Although nervous about the backlash, Bisk is impressed by the entrepreneurial spirit and technical prowess displayed by his son. “It’s a really good business platform,” he says. “He obviously learned it on his own.”
That his teens were capable of making $50,000 in an evening, Bisk theorizes, speaks to a fundamentally different relationship children of that age have with money and investing, characterized by an urgency and hyperactivity that conventional wisdom suggests. is against
“For me, crypto can be hard to understand, because there’s nothing behind it—it’s nothing tangible. But I think kids relate to this unbreakable digital world more than adults,” Bisek says. It’s an immediacy to him. It’s almost like he understands it better.”
On December 1, after a two-week hiatus, Bisk’s son returned to Pump.Fun to launch five new memecoins, apparently unabated by abuse. Ignoring the caveats built into the names of some of the new coins – one was named test And one more don’t buy– People bought. Bisk’s son earned another $5,000.
