According to a court document published by Bloomberg Law, Steve Bannon and Boris Epshteyn were named as defendants in a class-action lawsuit regarding Let’s Go Brandon Coin, which is a crypto token that was launched in 2021. Among other allegations, the lawsuit claims that the memecoin was promoted as stable and decentralized when, in reality, it involved a large amount of centralized control and management. It also claims the token was used by the defendants to exploit their audiences and the followers of a broader political movement.

“Defendants deliberately targeted a politically aligned and deeply loyal audience—individuals who trusted Defendants’ judgment, motives, and commitment to shared values—and…