Dave Portnoy firmly rejects allegations of engaging in a pump-and-dump scheme, emphasizing that all participants are aware of the risks involved. He expressed his surprise at the significant profits he has gained from meme coins while maintaining that his actions are legal.

With the shifting regulatory landscape in the U.S., Portnoy likens meme coin trading to a high-stakes game, suggesting that the timing of trades is key to success. He argues that meme coins should be seen as collectibles rather than securities, reflecting a growing acceptance of cryptocurrency trading.