Kanye West Hit with $250M Lawsuit After Agreeing to Buy Crypto-Friendly Parler

The Satoshi Nakamoto cap-wearing Kanye goes the extra mile to avoid censorship, marking a new stage for crypto.

Kanye West Hit With $250M Lawsuit After Agreeing To Buy Crypto-Friendly Parler

Ye, previously known as Kanye West, has announced plans to acquire alt-right-leaning, crypto-friendly social media platform Parler. The Hip Hop mogul and entrepreneur asserted that move was in response to big tech companies censoring his thoughts: โ€œIn a world where conservative opinions are considered to be controversial we have to make sure we have the right to freely express ourselvesโ€, said the extravagant Hip Hop artist.

$250M George Floyd Lawsuit Follows Antisemitism Controversy

News of Ye’s Parler acquisition intent came out on October 17th, 2022, just one day after the rapper was forced out by JP Morgan. Ye’s Twitter & Instagram accounts were recently temporarily blocked due to hate speech that was largely directed at the Jews, claiming that they allegedly control the media. The rapper even identified his close colleague, renowned Hip Hop mogul P. Diddy, to be โ€œpossessed by the Jewsโ€. However, that wasnโ€™t all for Ye, who hopped on ‘The Drink Champs Podcast‘, hosted by the well-known rapper N.O.R.E. a.k.a Noreaga.

Sponsored

The interview turned out to be a complete disaster, as Kanye West made wildly โ€œfalse statements about George Floydโ€™s death to promote his brandsโ€, according to both the show’s host and George Floydโ€™s family.

The murder of George Floyd ignited a series of protests against police brutality in the U.S. after the victimโ€™s neck was crushed by a police officer, as confirmed by Dr. Vik Bebarta, who claims that the police squad didnโ€™t turn the victim onto his other side on purpose, as he screamed โ€œI canโ€™t breatheโ€.

Ye Booted Off Drink Champs Podcast

However, Yeโ€™s take on the situation was rather different. According to the controversial musician, George Floydโ€™s cause of passing was fentanyl use. In a testimony during the court murder case, Hennepin County Chief Medical Examiner Dr. Andrew Baker revealed that, while the victim used fentanyl, it wasnโ€™t the direct cause of his death, as the corrupt police officer had deliberately pressed his foot over the victimโ€™s neck.

The exclusive interview on ‘Drink Champswas deleted, with N.O.R.E. issuing an immediate apology for having let Ye make โ€œhurtfulโ€ and โ€œmisleadingโ€ claims on the sensitive subject of Mr. Floydโ€™s murder. The controvery comes just a couple of weeks after Kanye introduced โ€œWhite Lives Matterโ€ t-shirts at Paris Fashion Week, remarking that the tees are โ€œlike taking a cold shower which really wakes you upโ€.

Ultimately, Ye, who once scandalously claimed to be former President Trump’s biggest fan, might have found his perfect audience on Parler, as the social platform released 250 NFTs idolizing Donald Trump. With not many friends left in the Jewish and Black communities, the extravagant Hip Hop artist might be on the path to becoming a real-life Clayton Bigsby.

On the Flipside

  • Some crypto enthusiasts argue that Ye’s acquisition of Parler could simply be another publicity stunt.
  • By agreeing to buy Parler, Ye is likely searching for approval from the far-right.
  • Adidas has put its partnership with Kanye West on hold due to his recent racist comments.

Why You Should Care

Yeโ€™s Parler acquisition could potentially accelerate crypto adoption among its users.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Tadas Klimasevskis

Tadas Klimaลกevskis is a DailyCoin Journalist, covering memecoins & latest developments. Tadas has moderate holdings in SHIB, HBAR, LTC, MATIC and a selection of low-cap meme currencies.

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