USA TODAY reports that NASCAR has rejected LGBcoin’s sponsorship agreement. LGB is short for “Let’s go Brandon,” which is known as a right-wingers’ phrase for “F**k Joe Biden.”

“NASCAR rejected the sponsorship after initially providing written approval of the car’s paint scheme and sponsorship for the upcoming season of the Xfinity Series, NASCAR’s second tier,”
said Max Marcucci in a statement for USA TODAY. Marcucci is Brandon Brown’s professional racing driver and represents Brandonbilt Motorsports.

“We are disappointed that NASCAR leadership has chosen to rescind approval of this sponsorship and feel they should have the confidence to own their decision to backtrack and not gaslight a team or a driver,”
James Koutoulas is the most prominent holder of LGBcoin.

Is NASCAR infected by the Crypto Token?

This chant was inspired by a NASCAR race Talladega Superspeedway, October 2021. Brandon Brown won that race. A reporter was interviewing him and thought that the crowd of spectators was chanting his name, yet they were a group of Biden critics shouting “F**ck Joe Biden.” The misinterpretation caused a meme and a new anti-Biden slogan.

Although the official website of LGBcoin writes that it “is not inherently political as a meme currency,” the name of the coin “Let’s go Brandon” is indeed a political slogan.

Flipside

• The sponsorship was accepted by a NASCAR employee who didn’t have authorization.
• Conservative author and activist Candace Owens said in November that she is “finally into crypto,” because of the LGBcoin.