Crypto Community Adopts 'Stand With Crypto' NFT After SEC Sues Binance and Coinbase
The crypto community minted 140,830 non-fungible tokens (NFTs) in a collection previously launched by the exchange giant Coinbase with a goal to make the US regulators provide the much-needed and "sensible crypto policy."
Launched in April this year, the 'Stand with Crypto' are commemorative NFTs with "no intended utility or value."
The collection is "a symbol of unity for the crypto community seeking sensible crypto policy," said the website.
It shows a blue shield that represents individual support and the collective stand to protect and promote cryptocurrencies' potential.
Interested people can mint a free 'Stand with Crypto' NFT and add a shield emoji next to their Twitter display name.
They can then either scan the QR code on the NFT to become "a Stand with Crypto advocate" or sign up on the ConsenSys Quorum website.
The associated QR code is periodically updated, the description said, to enable the NFT holder to take "different actions to continue advocating for crypto."
This Quorum website states that,
"If you love crypto and believe in the potential of web3, it’s more important than ever to advocate for pro-crypto policy in the US."
It goes on to explain that 'Stand with Crypto' is a grassroots campaign to advocate for pro-crypto policy and to "change hearts and minds" in all 435 US Congressional Districts.
'Stand with Crypto', it claimed, will influence laws and policies, gather people in a community to gain strength in numbers, promote innovation, protect jobs, and educate everyday Americans about crypto.
At the time of writing, there were 140,830 pieces minted. Among these was one minted by Coinbase CEO Brian Armstrong.
OpenSea data shows that the collection, at the time of writing, had a total volume of ETH 5, its
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