It doesn't affect adsense and advertising at all. If you want it there you need to put it there. If you were using a hosted solution, you may or may not be allowed to do that, but if you are hosting it yourself (through HostGator) then you can do whatever you want that doesn't conflict with their terms of service. (I don't know host gator's TOS but it probably precludes anything involving pornography, hate speech or illegal activities. Then again, it may not.)
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