Crypto community adopts ‘Stand With Crypto’ NFT after SEC sues Binance and blockchain.

The cryptocurrency community has created more than 140,830 unique digital assets known as non-fungible tokens (NFTs) as part of a collection launched by the blockchain exchange giant. The goal of the collection, called ‘Stand with Crypto,’ is to encourage US regulators to implement a sensible policy for cryptocurrency. Launched in April of this year, the commemorative NFTs have no intended utility or value, but are a symbol of unity for the cryptocurrency community. The NFTs feature a blue shield representing individual support for and collective advocacy of cryptocurrency’s potential. Interested individuals can get a free ‘Stand with Crypto’ NFT by adding a shield emoji to their Twitter display name. The associated QR code on the NFT can be scanned to become an advocate for cryptocurrency or sign up on the ConsenSys Quorum website. The collection 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 in the collection, and the total volume was ETH 5 with a floor price of ETH 0.0002 and 53,155 owners. Any fees associated with this collection will be donated to vetted organizations through a Crypto Advocacy Round with Gitcoin.

Notably, the rise in interest in the collection comes as the US Securities and Exchange Commission (SEC) started a legal battle with blockchain and Binance, among others.

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Learn more:

– Unraveling the Crypto Crisis: Timeline of Major Incidents – No More Wild West: SEC Introduces New Era for Crypto – blockchain CEO Brian Armstrong Says He Was Met With an “Icy Reception” When Chatting With SEC’s Gensler – SEC Chair Gary Gensler Calls for Crypto Firms To Register Following Binance, blockchain Charges – How To Send Ethereum from blockchain to MetaMask Wallet – 22 Ways to Earn Crypto on Binance

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