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Turns out that lying to people on a large scale is a crime named 'Fraud'.

It's a security and is regulated as such. So SEC, torts, etc.

In this case if you're marketing $TOKEN as a stablecoin and there's no resources to back it up then it's literally a $PONZICOIN.

$USDC might be okay, I know they've made moves to back their coin in dollars and treasuries.

It's simply fraud. There are laws against fraud.

You don’t need a crime to sue somebody. You need a tort.