Coinbase Deletes Controversial Meme Coin Post Targeting Elizabeth Warren
Crypto exchange Coinbase has deleted a controversial memecoin post targeted at U.S. Senator Elizabeth Warren. On March 13, the crypto exchange took down the post, which provided instructions on “how to buy Elizabeth Whoren,” a controversial token mocking the Massachusetts senator.
The meme coin with the description “Elizabeth $whoren meme senator 2024 FIAT currencies are from money laundering” appears to be a direct jab at Warren.
Coinbase: "We’ve included detailed instructions to make it easier for you to buy elizabath whoren." pic.twitter.com/O96XBV35Zn
— Joe Weisenthal (@TheStalwart) March 13, 2024
The U.S. senator has always raised alarms about cryptocurrency markets’ lack of oversight and potential for illicit use.
Coinbase was pressured after briefly posting the automatically generated informational page with instructions on how to get the “Whoren” token. The exchange later succumbed to widespread criticism by taking down the page.
A spokesperson from Coinbase clarified that such pages are auto-populated based on new third-party crypto token launches.
The exchange representative said the pages do not indicate endorsement or availability to trade on Coinbase’s platform. He also said the controversial page redirects to a generic crypto trading website.
This incident reaffirms the challenges many crypto firms face in moderating inappropriate content and tokens minted on decentralized Blockchain networks outside their control.
Though Coinbase acted immediately after being alerted, some critics argued that more preventive measures are needed.
“Lack of basic legal measures around crypto opens up Americans to countless risks,” said Senator Chris Van Hollen, who has always partnered with Warren on crypto regulatory legislation.
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