Has Chrome browser chosen the wrong icon for ‘Clear’?

I know right or wrong is subjective but the developer tools for Chrome (accessible by pressing CTRL + Shift + I) has a Clear button to delete all values listed. This button is represented with something I normally associate as no entry or disabled but is this something that can usually be used to represent Clear?

The black icon on the right was not obvious to me as the clear function, I usually expect an X of some sort. Is this icon a new trend or possibly a different cultural meaning?