NASCAR rejected “Let’s go Brandon” crypto sponsorship referencing anti-Biden chant which became an alleged “right-wing” affiliated crypto so let’s read more today in our latest cryptocurrency news.
NASCAR rejected a recent sponsorship based on the anti-President Biden chant “Let’s Go Brandon” according to the Washington Post. Brandon Brown is a NASCAR driver who became an inspiration for a slogan that is intended to compete in a race car sponsored by LGBCoin whcih is a cryptocurrency that plenty of right-wing commentators used to add fuel to the “Let’s Go Brandon” movement. The chant has been used as a placeholder for the phrase “F*ck Joe Biden.”
Accoridng to the Washington Post, Brown’s team announced the sponsorship before the new year and said the coin dubbed “America Coin” aims to inspire unity, positivity with grounded strong beliefs of the American dream. The deal was only accepted by the NASCAR employee which not authoirzed to do so. The NASCAR executives reviewed the proposal and rejected it so Brown’s team was also notified of the decision. This is not the first time LGBCoin made headlines. Last year, conservatives posted on Twitter with a goal to pump “Right-wing” cryptocurrencies. Candace Owens who is a well-known conservative author and commentator declared that she was finally in crypto. She was also inspired by the LGBCoin. She tweeted:
“Finally into crypto and ALL IN on this Let’s Go Brandon coin. Because #LetsGoBrandon.”
A rival to the LGBcoin is the FJB Coin which is not featured on CoinGecko. The FJB coin still gathered attention on another right-wing commentator Ryan Fournier and the co-founder of the group “Students for Trump” who showed support for the cryptocurrency last year.
As recently reported, Joe Biden reportedly works on the new executive order that we regulate everything and it seems that cryptos are in the crosshairs. The president of the United States is considering issuing an executive order to crypto to get better clarity of the exercise and landscape to be better controlled as well as the industry activities related to it. The news was initially reported by Bloomberg that cited anonymous sources but came as no surprise to most ecosystem experts who were expecting some other moves considering previous pronouncements by a few members of the Biden executive cabinet.
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