21-time Grammy award-winner and two-time self described Nazi Ye
is finalizing his "SWASTICOIN" token launch, with Binance founder CZ reaching out over the weekend

There comes a time where the industry has to take a stand, and if a Nazi fundraiser isn't it, I'm not sure where we go from here 🧵⬇️

It seems possible CZ is trying to court Ye to launch on Binance's chain, and has already admitted he's trying to boost activity via memecoins

He previously said with $broccoli the main reason he posted his dog's name was to trigger a massive wave of memecoins

Award-winning Host of @Coinage covering crypto for a mainstream audience | Fmr. YahooFinance Anchor & Harvard Econ Grad | Co-Own Coinage with me 🫡

CoinDesk reported this week that Ye's token is expected to carry an allocation that gives Ye 70% control over the tokens, with the other 10% and 20% going to liquidity and investors

But as crypto twitter knows by now, sniping + insider access might matter more

As we covered with $LIBRA, front-running and insider trading around these launches have become a detrimental problem for crypto

As Travis Kling begged on @coinage with me this week: "We gotta stop giving this stuff so much attention"

As an industry that has fought for self-regulation, it is now on the players within the industry to stand up and call these things out

If a small, independent and self-funded outlet needs to do that before the founder of the world's largest crypto exchange so be it

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