SEC Sues Coinbase Case – The crypto sphere has generated more than 140,830 unique non-fungible tokens (NFTs) as part of a collection initiated by the prominent exchange platform Coinbase. The objective behind this endeavor is to urge US regulatory bodies to adopt a more “reasonable crypto policy.”

Introduced in April of this year, the ‘Crypto Advocacy’ collection comprises commemorative NFTs that are intentionally designed with no inherent utility or intrinsic value.

According to the accompanying website, this collection serves as a unifying symbol for the crypto community, emphasizing their shared goal of establishing sensible regulations for the crypto industry. It showcases a distinctive blue emblem representing both individual support and the collective effort to safeguard and advance the potential of cryptocurrencies.

Enthusiasts can claim a complimentary ‘Crypto Advocacy’ NFT and append a shield emoji to their Twitter display name. They are then given the option to either scan the NFT’s QR code and become an official “Crypto Advocate” or register on the ConsenSys Quorum website.

To maintain versatility, the associated QR code is periodically updated, enabling NFT holders to undertake diverse actions in their ongoing advocacy for the crypto realm.

SEC Sues Coinbase Case – Advocating for Pro-Crypto Policy in the US for a Transformative Web3 Future

The article discusses the emergence of the ‘Crypto United’ movement, a grassroots initiative aiming to advocate for cryptocurrency-friendly policies and foster a shift in public opinion across all 435 districts of the United States Congress.

The main objectives of ‘Crypto United’ include influencing legislative frameworks, building a strong and supportive community, fostering innovation, safeguarding employment opportunities, and enhancing public awareness about cryptocurrencies.

At present, the total number of minted items stands at 140,830, including a special edition minted by Brian Armstrong, the CEO of Coinbase.

OpenSea’s data reveals that the collection currently holds a volume of 5 ETH, with a minimum price of 0.0002 ETH and a diverse ownership base of 53,155 individuals.

Coinbase has pledged to donate any minting fees associated with this collection to verified organizations through the Crypto Advocacy Round in collaboration with Gitcoin, while encouraging the unlimited minting of NFTs to generate additional funds for supporting crypto advocacy.

Interestingly, this surge in interest towards the collection coincides with the ongoing legal disputes involving Coinbase, Binance, and other entities initiated by the U.S. Securities and Exchange Commission (SEC). Further details can be found in the following sections.

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