Memecoin traders are flocking to derogatory cryptocurrencies attacking Massachusetts senator and prominent crypto critic Elizabeth Warren. Meanwhile, crypto exchange Coinbase is awkwardly moving in a different direction.
A major trading company on Wednesday removed a webpage that briefly advertised “How to Buy Elizabeth Whalen in the United States.” A link to a seemingly auto-generated webpage instead reverted to a more general hub for purchasing popular cryptocurrencies.
Coinbase did not immediately comment.
Coinbase lets US traders buy hundreds of different cryptocurrencies, but WHOREN is not one of them. It is one of the thousands of so-called “meme coins” that appear on the Solana (SOL) blockchain network almost daily. These types of tokens are only available on “decentralized exchanges” without Coinbase’s rules and regulations.
It's unclear how the webpage was created, but observers said Wednesday that it may not have been intentionally created by Coinbase itself, but may have been part of an auto-generated SEO strategy. I was guessing.
The token and its collaboration with Coinbase seem unlikely to change Warren's negative stance on the industry. She previously called for the formation of an “anti-crypto army” to crack down on crypto excesses and proposed legislation that she says would crack down on bad actors.
Sen. Warren's office did not respond to a request for comment.
