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Coinbase unveils NFT initiative and pushes for Pro-crypto policies

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Gherardo Fiorenzo
Gherardo Fiorenzo is an Italian author with a unique perspective shaped by his experiences in Italy and the US. His thought-provoking articles, short stories, and reviews explore the intersections of language, identity, and culture.

Coinbase, a San Francisco-based cryptocurrency exchange, has launched a non-fungible transaction token (NFT) campaign Dubbed “Stand With Crypto” to enable community and strengthen implementation of favorable policies.

The launch comes after Coinbase filed a lawsuit against the US Securities and Exchange Commission (SEC) earlier this week demanding clarification of the agency’s position. on Crypto legislation.

Coinbase blue shield NFT

the campaignLaunched on April 25th features blue shield on Coinbase Commemorative NFT. It represents a group’s efforts to protect and enhance potential of Cryptocurrency.

Coinbase urged campaign participants to add a shield emoji on Their Twitter page as way of an offer support.

More than 13,000 peopleincluding Brian Armstrong, CEO of Coinbase, have already NFT minted as part of the campaign.

According to data from OpenSea, an NFT marketplace, the pool has a total value of 5 ethereum (ETH) and a floor price of 0.0009 ETH.

Group profits will be donated to various Organizations vetted by the Crypto Advocacy Round in partnership with Jetcoin.

Coinbase’s “Stand With Crypto” is one of Many campaigns originating earlier than this year after introduction of Crypto 435, a grassroots initiative designed to influence policy-to prepare in United State.

the campaign He is looking into helping pro-crypto activists by providing contacts information About local politicians and finding their positions on crypto, emerging asset Season.

Coinbase files the lawsuit against SEC

The campaign was launched days after the chairman of the Securities and Exchange Commission, Gary Gensler, while appearing before the committee, failed To clarify whether Ethereum (ETH) is a security or a commodity, like bitcoin (BTC). The United States Commodity Futures Trading Commission (CFTC) classifies ethereum, including litecoin (LTC), as a commodity similar to bitcoin.

So, Gensler decision A. pointed out need for more Consensus among the regulators about the classification of to be sure digital assets.

Earlier this week, Coinbase filed a lawsuit against The Securities and Exchange Commission (SEC) is seeking to force the regulator to craft guidelines that would guide cryptocurrency-focused companies seeking to launch in United State.

In the lawsuit, Coinbase wants the SEC to publicly respond to a petition it received months ago asking if it would allow the industry to be governed by it. regulatory business framework.

Despite increased enforcement action and warnings against Cryptocurrency exchanges, including Coinbase, did not respond to the Securities and Exchange Commission (SEC) petition.

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