Coinbase Apologizes for Pepe-Related Controversy
Coinbase's chief legal officer, Paul Grewal, has issued an apology after the exchange sent out an email labeling the Pepe the Frog meme as a "hate symbol," prompting many users to call for a boycott. Grewal said Coinbase was attempting "to provide a fact-based picture of a trending topic" to its users. The price of the memecoin Pepe (PEPE) has significantly surged in the last 30 days, rising to an all-time high of roughly $0.000004 on May 4.