In July 2026, a the new order Would go into effect in California, where Bisk's family lives, requiring residents to be licensed to participatedigital financial asset business activity,” which involves the exchange, transfer, storage or administration of certain crypto assets. Newly elected President Donald Trump also New crypto rules promisedBut at the moment, no crypto-specific laws exist.
“We are 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.’ Hopefully that will create an environment where rug pulling doesn’t happen, or when they do So they will be viewed as criminal violations.
As evening approached on November 19, Bisk says, the angry messages continued to pour in. Although some people celebrated his son's actions, asking 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 are still trying to understand how their son was able to make so much money so fast. “I was trying to understand how this meme crypto trading works,” says Bisk.
Some memecoin traders, realizing that money could be made in changing events, created new coins at the pump. Fun inspired by Bisk and his wife: quant dad And quants mother(Both are now practically useless.)
Equally upset and bewildered, Bisk and his wife came up with a provisional plan: make all public social media accounts private, stop answering the phone, and, generally, remain quiet until Things should not end. (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 money, saying only that his son will “get the money out.”
A few hours later, an X account in the name of Bisk's son posted on X, pleading for people to stop contacting his parents. “I'm sorry about the quant, I didn't realize I get paid that much. Please do not write to my parents, I will return the money to you [sic]“Read the post. Bisk claims that the account is not operated by his son.
Although worried by the reaction, Bisk is impressed by the entrepreneurial spirit and technical ability displayed by his son. “It's like a really sophisticated trading platform,” he says. “He obviously learned it on his own.”
Bisk's belief that his teen was able to earn $50,000 in one evening reflects the fundamentally different relationship kids of that age have with money and investing, with an urgency and hyperactivity that defies conventional wisdom. It is the opposite.
“For me, crypto can be hard to understand, because there's nothing behind it – it's nothing concrete. But I think kids are more engaged with this abstract digital world than adults are,” says Bisk. “There is an urgency to it. It's almost like he understands it better.”
On December 1, after a two-week hiatus, Son of Bisque returned to Pump.Fun to launch five new memecoins, apparently unaffected by the abuse. One was named after some new coins ignored warnings on their names. Examination and another don't buy—People did shopping. Bisk's son earned another $5,000.