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Crypto Community Split on Coinbase NFT’s Push for ‘Sensible Crypto Policy’

Coinbase has launched an NFT campaign called "Stand with Crypto" after filing a court action to compel the SEC to answer its rulemaking petition. The NFTs represent the community's stand to protect and promote crypto's potential and become the symbol for seeking sensible crypto policy. However, some have expressed criticism, with some uncertain about the NFTs' impact and others pointing out that similar pushes for crypto-friendly regulation have been made before. Nevertheless, the campaign has garnered considerable support, with over 15,000 mints and more than 7,000 owners according to NFT marketplace OpenSea. Coinbase has been pushing for pro-crypto policy in the US, launching a grassroots campaign in February to support the advancement of crypto and Web3.

(By EZRA REGUERRA)

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