Crypto community split on Coinbase NFT's push for 'sensible crypto policy'

As crypto speech Coinbase makes a propulsion toward a sensible regulatory situation for the crypto space, the speech launched a nonfungible token (NFT) postulation to summation the community’s support. However, not everyone is excited astir the move, with immoderate not adjacent definite if it volition person immoderate interaction astatine all. 

On April 25, Coinbase launched an NFT run dubbed “Stand With Crypto” aft filing a tribunal action that aims to compel the United States Securities and Exchange Commission (SEC) to reply its rulemaking petition. According to Coinbase, the NFTs represent the community’s basal to support and beforehand crypto’s imaginable and go the awesome for seeking “sensible crypto policy.”

I conscionable minted Stand with Crypto https://t.co/4T0OWbpCCf

Despite the origin looking similar a noble enactment moving successful the involvement of the crypto community, the reactions to the NFT driblet were not each positive. While others praised the determination and minted their NFTs, others were a spot critical. 

I don't alteration my illustration often, but I added a️ to amusement enactment for Coinbase and their crypto argumentation advocacy. Please, involvement from home, but spot @coinbase arsenic an ecosystem-aligned speech and argumentation advocate. #standwithcrypto #stakefromhome https://t.co/opsP3owN9G

According to crypto influencer Wendy O, the Digital Currency Traders Alliance “did the aforesaid thing,” referring to the propulsion for much crypto-friendly regulation, earlier Coinbase. The Bitcoin YouTuber urged the speech to set unneurotic alternatively of being fragmented and see warring for retail alternatively of pushing them out.

Meanwhile, a assemblage subordinate expressed their uncertainty astir the NFTs having an interaction but admitted that it makes them consciousness similar they did something. They tweeted:

I don't cognize if this volition person immoderate interaction but it's practically a escaped NFT and it does unbend maine a spot since astatine slightest it *feels* similar I did thing https://t.co/LezNgFN1pH

Crypto Coin Show big Ashton Addison besides criticized the run for instructing assemblage members to adhd a shield emoji adjacent to their Twitter show sanction portion not having 1 connected their own. 

Related: Coinbase CEO calls for enactment successful electing pro-crypto lawmakers pursuing SEC Wells notice

At the clip of writing, Coinbase’s Stand With Crypto NFTs person gotten sizeable support, with implicit 15,000 mints with much than 7,000 owners according to NFT marketplace OpenSea.

The crypto speech has perpetually been connected the determination to propulsion pro-crypto argumentation successful the US. On Feb. 28, Coinbase launched a grassroots campaign to propulsion argumentation instauration that supports the advancement of crypto and Web3. The speech provided a nexus for voters to registry and presumption accusation connected the crypto policies of section politicians.

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