Coinbase Commemorative NFTs – The legal battle against the SEC and Coinbase exchange kicked off on April 25. The crypto exchange giant launched a commemorative NFT called “Stand with crypto” after filing a lawsuit against the regulatory body.
According to the zora.co website, the Non-fungible token signifies a unified crypto community collectively seeking “sensible crypto policy.” The NFT looks like a blue shield that signifies the collective stand to protect and promote the potential of crypto.
According to the website,
“The blue shield not only shows your support for the cause but also that you’re part of a growing community who believes in the future of crypto.”
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In addition, the team also highlighted that the NFT does not hold any intended utility or value, and is purely commemorative. The team also urges the crypto community to show support for the cause and become a part of the emerging community that believes in the future and potential of crypto.
According to live data from Opensea, over 13,000 people have minted the new NFT with a total of 13 sales including 3 in the last 6 hours. The NFT has a floor price of 0.0025 ETH and a total volume of 0.2 ETH at press time.
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Coinbase Previous Crypto Support Rally
Recall that earlier this year, Coinbase launched a grassroots crypto campaign called Crypto 435. The campaign was focused on influencing crypto policy-making in the United States.
During the time, Coinbase said it will show its support to crypto advocates by providing information on how to contact local district politicians and also with data on their stance toward crypto.
The legal action filed by the exchange giant against the SEC is also to targeted at pushing the Commission to give clear guidance to companies in the cryptocurrency industry.
Brian Armstrong – CEO of Coinbase tweeted on April 21 that he and his team met with the Security and Exchange Commission and also members of Congress. See the tweet below:
Met with the SEC today. We’ll continue pushing for a clear rule book in the U.S. for crypto regs.
The U.S. can’t afford to fall behind on this important technology to update the financial system.
Also important for regulators to set policy and THEN enforce it. Not start with… pic.twitter.com/EaPD7wDbSx
— Brian Armstrong (@brian_armstrong) April 21, 2023
Victor Swaezy
Victor Swaezy is a crypto-journalist with more than 3 years of experience in covering blockchain technology and digital currencies news. Known for his comprehensive reporting, Victor has contributed to leading industry publications such as Coinfomania and Crypto News Guru, providing market participants with the required knowledge to make informed decisions. When he is not working, he loves to watch movies and have a good time.