NASCAR rejects crypto sponsorship from Coin Spawned from a chant against President Joe Biden: Report

According to a source from the Washington Times citing a NASCAR source familiar with the situation, NASCAR has turned down a crypto sponsorship from a coin based on a viral protest against President Joe Biden. In 2022, the LGBcloin intended to begin the sponsorship with driver Brandon Brown. The Cryptocurrency, which has a net value similar to a penny, will be named after the conservative chant “Let’s go Brandon” has become an immensely popular auxiliary for the “F-Joe Biden.”

Brown, on his Twitter post last month that he began his sponsorship which is accompanied by the white, red, and blue Chevrolet Camaro emblazoned along with an advertisement for the cryptocurrency. However, according to his previous post on Twitter, his statement was premature because the NASCAR employee didn’t have the authority to do so, and NASCAR initially terminated the deal. 

But on Tuesday, 4 January 2022, the NASCAR executives rejected the deal, as per the post. Also, the NASCAR representatives and the Brandonbult Motorsports didn’t make a statement and respond to the Insider’s request to make any comment. 

The coin-based deal began in October

Subsequently, the coin-based deal began in October when Brown has won Xfinity Series. After winning the series, he interviewed Brown said he began shifting the anti-Biden phrase, and one of the reporters suggested that they are chanting the “Let’s go, Brandon”. 

The phrase soon became the meme fact which shows that Brown made a statement that he was feeling uncomfortable because Brown had no intention to participate in politics and didn’t want to hurt the sentiments and sponsorship, which was fixed with LGBcoin. 

NASCAR’s deliberation further declared and clarified that the sponsorship based on the enchanting phrase would be prohibited. In the previous news, the phrase “Let’s go, Brandon” has been heard at Congress and sports arenas. 

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