Pudgy Penguins (PENGU), the non-fungible token (NFT) project profiled by Coinbase and Binance.US, has officially joined the US government’s cryptocurrency policy advisory group.
In a statement released by Pudgy Penguins, the team announced that it has joined the US government’s virtual asset policy advisory group.
“In the past three months, we have visited Washington, D.C., six times for meetings with the (Donald Trump) administration. We will now serve as an official government advisor participating in the legislative design of virtual assets,” the statement read.
This news has also increased expectations for approval of a spot ETF for Pudgy Penguins.
Canary Capital previously filed a spot Pudgy Penguins (PENGU) ETF with the U.S. Securities and Exchange Commission (SEC). The SEC recently formally accepted the application and has begun its review process.
Driven by these positive developments, the price of PENGU is showing a sharp upward trend. It has increased by 120% in the last month and is trading at $0.033 at the time of writing.
*This is not investment advice.
Source: https://en.bitcoinsistemi.com/surprise-altcoin-backed-by-coinbase-and-binance-us-joins-us-advisory-board/