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Coinbase Turns to NFTs in Crypto Advocacy Efforts After Suing SEC

Published 04/25/2023, 01:15 PM
Updated 04/25/2023, 01:30 PM
© Reuters Coinbase Turns to NFTs in Crypto Advocacy Efforts After Suing SEC
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  • Coinbase (NASDAQ:COIN) has launched an NFT collection to promote crypto advocacy.
  • The crypto exchange sued the SEC moments before launching the NFT collection.
  • The NFT collection adds to Coinbase's growing list of crypto advocacy efforts.
Crypto firms have increased lobbying and advocacy efforts in the United States as the regulatory climate grows increasingly hostile. Coinbase, one of the leading crypto exchanges in the U.S., led this charge in 2022 and looks set to continue in that stride.

On Monday, April 24, the crypto exchange revealed that it had filed legal action against the U.S. Securities and Exchange Commission in its fight for clear crypto regulations. On the same day, the crypto exchange unveiled a non-fungible token (NFT) collection to boost its crypto advocacy agenda further.

Coinbase Introduces "Stand with Crypto"

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