The LIBRA token scandal signals a defining peak in the memecoin craze, prompting the need for more robust risk management measures on launchpad platforms. In tandem, global regulatory clarity is crucial—particularly regarding government officials launching their own meme coins. While permissionless innovation should remain open to all, guardrails must be established to protect consumers and prevent scams. For instance, automated systems could flag contract addresses previously involved in rug pulls, helping investors avoid fraudulent activities.