Stand With Crypto NFT Trends Amid SEC Crackdown

Within the wake of the latest crackdown by the Securities and Alternate Fee (SEC), the Stand With Crypto NFT assortment has begun trending on Twitter. Successfully, appearing as a beacon of solidarity for the denizens of the decentralized realm.

Following a turbulent week in crypto that noticed the tentacles of the SEC launch lawsuits in opposition to Coinbase and Binance, whereas additionally labelling a slew of alt-coins as ‘securities,’ the blockchain group has responded with a name to motion. Basically, seeing proponents present their assist by backing Coinbase’s ‘Stand With Crypto’ marketing campaign that seeks regulatory readability throughout the business, and displaying a defend on their social media profiles.

On account of this vote of confidence, the gathering has seen a surge in exercise in latest days, with the variety of NFTs in circulation now topping 140k. Basically, witnessing hundreds of recent mints because the crypto world throws its assist behind Coinbase and Binance.

The numbers do not lie. pic.twitter.com/lec4wkp6RO

— Coinbase 🛡️ (@coinbase) June 6, 2023

The U.S. Continues to Lag Behind in Crypto Regulation

Launched in April of this 12 months following the collapse of a number of high-profile crypto banking establishments, Coinbase launched the free to mint ‘Stand With Crypto’ marketing campaign in a bid to spotlight the necessity for regulation on the USA aspect of operations. Successfully, spearheading the initiative in a bid to vent frustration on the lack of blockchain-based coverage throughout the nation, one thing that has prompted confusion within the business, none extra obvious now that the SEC has filed lawsuits in opposition to Coinbase and Binance for ‘violating federal securities legal guidelines.’

“We stand united with the crypto group in our efforts to advocate for smart crypto coverage within the U.S.” – Coinbase

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