Coinbase Apologizes to Crypto Community for Disrespecting $PEPE

Coinbase Apologizes to Crypto Community for Disrespecting $PEPE

Paul Grewal, Chief Legal Officer at Coinbase, apologized on Twitter for Coinbase's degrading Pepe the Frog, mascot for meme coin $PEPE, in a previous newsletter.

In May 10th's newsletter, Coinbase said, "the token ($PEPE) is based on the Pepe the Frog meme, which first surfaced on the internet nearly 20 years ago as a comic-strip character. Over time, it has been co-opted as a hate symbol by alt-right groups, according to the Anti-Defamation League." The description was widely criticized by the crypto community, with the term "#deletecoinbase" becoming trending on Twitter at one time.

In his public apology, Paul Grewal said, "we screwed up and we are sorry. Yesterday we shared an overview of the $PEPE meme coin to provide a fact-based picture of a trending topic. This did not provide the whole picture of the history of the meme and we apologize to the community."

 

TokenInsight is dedicated to covering the most important and cutting-edge trends in the world of crypto. If you have information to share with us, please feel free to contact our email news@tokeninsight.com. Your trust will be well respected.

Source

Coinbase

Meme

In This Article

Related News
Argentine prosecutor seeks to freeze $110 million in proceeds tied to Libra memecoin scandal: report Argentine prosecutor seeks to freeze $110 million in proceeds tied to Libra memecoin scandal: report
BNB Chain will prioritize memecoin transactions as gas fees surge 400% BNB Chain will prioritize memecoin transactions as gas fees surge 400%
CZ’s dog’s name sparks ‘Broccoli’ memecoin frenzy CZ’s dog’s name sparks ‘Broccoli’ memecoin frenzy
Central African Republic seemingly launches memecoin while doubts emerge Central African Republic seemingly launches memecoin while doubts emerge
Kanye West, after disclosing he was offered $2 million to launch a token, asks to speak with Coinbase CEO 'concerning crypto' Kanye West, after disclosing he was offered $2 million to launch a token, asks to speak with Coinbase CEO 'concerning crypto'
Latest News More More
2 Hours Ago Aave founder confirms new token will not be created, citing DAO consensus on Horizon proposal
2 Hours Ago OKX suspends DEX aggregator following Lazarus 'misuse' and heightened EU scrutiny
3 Days Ago ZKsync sunsets ‘Ignite’ token rewards for DeFi ecosystem, cites market conditions and focus on Elastic Network
3 Days Ago Solana's key SIMD-228 proposal fails to pass validator vote, token emissions unchanged
4 Days Ago GnosisDAO votes to invest further $4.8 million to fund HOPR's in-house development of private, uncensorable VPN
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open