Stand With Crypto, a Coinbase-led political group, has launched a legal defense fund for NFT projects.

- The fund, called the Creator Legal Defense Fund, is backed by a16z and OpenSea.

- The goal: to protect creators from legal threats like SEC actions.

- In August, the SEC issued OpenSea a notice of possible lawsuit for selling unregistered securities.

📉 The crypto industry continues to face regulatory challenges.