Brandon Brown's racing team says LGBCoin seeks to 'inspire unity,' but NASCAR may not agree.
But since"Let's Go Brandon" is a conservative euphemism for"F***," NASCAR officials are currently deciding internally about the cryptocurrency's promotion on Brown's racing gear. NASCAR President Steve Phelps initially said the racing organization didn't want to be associated with the phrase.
On Dec. 29, the value of a single LGBcoin was $0.00000098. As of 11:40 a.m. Dec. 31, its value is $0.000001646—an all-time high and a 64 percent increase, according to CoinMarketCap, a crypto-asset price-tracking website. The increase may be in response to Brown's sponsorship, especially as NASCAR fans and conservative cryptocurrency fans flock to LGBCoin.
In announcing the deal, Brown's racing team called LGBCoin a"patriotic coin" and said it seeks to"inspire positivity and unity, grounded in a strong belief of the American dream."The cryptocurrency LGBcoin, inspired by the phrase"Let's Go Brandon," has gained value. But NASCAR is grappling with the decision to allow the LGBcoin logo on Brandon Brown's gear, since the phrase is an insult to President Joe Biden.
Brown won the race, but initially expressed ambivalence as the phrase overshadowed his win. Conservative figuresHowever, Phelps, NASCAR's president, rejected it. He said NASCAR didn't wish to court any political controversy"on the left or the right." He also promised to take legal action against anyone using the phrase on NASCAR merchandise.
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