As Donald Trump begins his second term as President of the United States, the crypto industry speculates on the potential impact of his presidency. While Bitcoin gained momentum following Trump's victory, some industry participants believe that a Trump presidency may benefit Solana, a network focused on use case applications. The asset SOL has seen a 19% increase in value leading up to Trump's inauguration, with a 5% spike after reports of his interest in a second strategic crypto reserve. However, there are calls for skepticism until the news is confirmed by Trump or his staff. On a more plausible note, the Securities and Exchange Commission (SEC) under Trump's administration may potentially freeze crypto litigation that does not involve allegations of fraud, which could clear a major obstacle for Solana's adoption. Furthermore, there is speculation about the approval of SOL ETFs and a shift towards utility-driven growth in the crypto industry. Overall, the regulatory clarity and friendlier regulatory regime expected under a Trump presidency may bring positive developments for Solana and the broader crypto industry.
Content Editor ( blockworks.co )
- 2025-01-17
What’s to come for Solana under a Trump presidency?
