Tuesday, October 21, 2025
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‘We screwed up’ — Coinbase CLO responds to outrage after exchange associated Pepe with hate groups

Coinbase chief legal officer Paul Grewal has issued an apology after the crypto exchange sent out an email labeling the Pepe the Frog meme as a “hate symbol” — a move that prompted many users to call for a boycott.In a May 11 tweet, Grewal said Coinbase had “screwed up”

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Coinbase calls PEPE a ‘hate symbol,’ prompting calls to boycott the exchange

An email sent out to Coinbase customers describing memecoin Pepe (PEPE) as a “hate symbol” co-opted by alt-right groups has drawn significant ire from the memecoin community. Prominent crypto influencer Borovik.eth shared a screenshot of the email newsletter from May 10 to his 96,000 followers, which cites a 2016 decision from

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United Kingdom banks hate crypto, and that’s bad news for everyone

In 2018, the United Kingdom’s Financial Conduct Authority (FCA) wrote to the heads of the country’s biggest high street banks to emphasize the importance of due diligence when dealing with crypto businesses. That seems to have led to widespread high-risk ratings and bans on crypto-related banking, impacting both crypto businesses

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