Coinbase chief legal officer Pepe apologized after the news release controversy.
Coinbase Chief Legal Officer apologized for a news release stating that Pepe the Frog was seen by some as a “symbol of hate” after it was met with backlash online.
Coinbase Chief Legal Officer Apologizes After Newsletter
Paul Grewal, chief legal officer of cryptocurrency exchange Coinbase, said the exchange’s newsletter “does not provide the full picture of the meme’s history.”
Coinbase’s chief legal officer recently apologized in a newsletter for mentioning that some groups view Pepe the Frog as a symbol of hatred for extremist groups.
Coinbase Chief Legal Officer Paul Grewal said in a tweet:
“We messed up and we’re sorry. Yesterday we shared the PEPE memecoin overview to provide a factual picture of a trending topic.
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.
— paulgrewal.eth (@iampaulgrewal) May 11, 2023
The event was blasted by the community born of Pepe memecoin’s newfound popularity. The crypto token, inspired by the cartoon Pepe the Frog, surpassed $1 billion in market cap for the first time this month.
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