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NFT Industry in PANIC MODE! Coinbase Launches Desperate ‘Stand With Crypto’ Fund to Protect Their Lucrative Money-Laundering Art Scheme!

A shield-wielding artist stands in front of a crumbling cityscape with NFTs and cryptocurrency symbols scattered around them, as a giant hammer swings down from above.

Stand With Crypto’s latest move is a desperate attempt by Coinbase and its pals to cling to their precious NFTs as regulators start to crack down on this obvious money-laundering scheme disguised as art.

Source: cointelegraph

Stand With Crypto, a political advocacy group led by Coinbase, launched a legal defense fund for non-fungible token (NFT) projects, according to a Sept. 13 post on the X platform. Dubbed the Creator Legal Defense Fund, the $6 million fund is backed by venture capital firm a16z and NFT marketplace OpenSea. According to Stand With Crypto's website, it is also backed by law firms, including Fenwick & West LLP, Goodwin […]

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