Extra bullish information for crypto traders — Coinbase seizes on Trump’s pro-crypto stance and goes gloves-off towards unfair crypto laws. One crypto presale, Solaxy, which plans to upscale the Solana ecosystem, has seen main momentum following this information.
On Tuesday, executives from the Coinbase alternate despatched out a letter urging the OCC, Federal Reserve, and FDIC for reforms to permit crypto in conventional banking.
On this context, traders are already eyeing US-made cryptos like Solana, with the potential for $SOL ETFs solely additional advancing the necessity for crypto C&E companies sooner or later. This surge in curiosity in Solana has additionally translated right into a boon for the Solaxy presale.
Coinbase Requires Crypto Banking Companies within the US
On Tuesday, US-based crypto alternate Coinbase despatched out a letter urging federal banking regulators — the OCC, FDIC, and the Federal Reserve — to determine clear, constant, and honest rulings and permit banks to supply custody and execution (C&E) companies.
In keeping with Coinbase, C&E suppliers have been blocked from partnering with banks due to inconsistent and imprecise tips. This authorized hurdle stifled innovation and crypto adoption, however a regulatory overhaul may lastly bridge the hole between crypto and conventional monetary companies within the US.
If this request is met, it will make crypto extra accessible to on a regular basis customers and enhance liquidity within the crypto market. Contemplating Trump’s pro-crypto management, Coinbase’s plea couldn’t be extra completely timed.
The President’s appointment of David Sacks because the White Home ‘AI and Crypto Czar,’ and the change in SEC management are simply two extra telling indicators of a constructive shift within the US crypto market. Furthermore, the potential introduction of Made-in-USA crypto ETFs may additional velocity up this course of.
With $SOL being the second-largest US cryptocurrency by market cap, Solana-focused mission, Solaxy, is positioned for development in 2025 and past.
That’s as a result of, as crypto adoption booms, Solaxy’s Layer-2 Solana chain may present the proper platform for high-volume use instances like bundled transactions and DeFi companies.
Solaxy to Turbo-Cost the US’s Solana Blockchain
Solaxy ($SOL) is a brand new cryptocurrency mission primarily based on Ethereum that goals to faucet into that blockchain’s liquidity to construct a Solana Layer 2. The institution of the Solaxy blockchain will guarantee speedy transactions and low slippage, however with out Ethereum’s hefty fuel charges.
In keeping with the mission’s whitepaper, this L2 will supercharge buying and selling on Solana, fixing the primary blockchain’s ache factors like community congestion, downtimes, failed transactions, and scalability limitations.
This may all be made potential due to Solaxy’s off-chain transaction processing, which permits for higher efficiency and simpler scalability for high-volume use instances. These may embody something from unusual crypto buying and selling to DApps deployment, DeFi companies, and different Web3 functions.
It’s this versatility and the truth that Solaxy bridges two of the foremost blockchains that give the mission nice future features potential, and the market appears to agree.
The mission remains to be in presale, with the token and blockchain coming after the preliminary coin providing ends. Nevertheless, $SOLX now sells for $0.001626, a 62% worth enhance for the reason that presale launched in late 2024.
Traders have already poured in over $18M into the mission, pushing Solaxy almost midway to its fundraising aim in file time. And the presale momentum is simply choosing up, with one whale not too long ago choosing up as a lot as $49K price of $SOLX.
The mission can also be gaining traction on social media, with a mixed following of over 70k followers on X and Telegram.
When you’re in search of a sizzling new utility token, now’s the time to purchase Solaxy and safe a 224% staking reward.
2025 Seems to be Promising for Solana & US Crypto Tasks
President Trump’s pro-crypto strategy has emboldened crypto service suppliers to push for regulatory modifications, with Coinbase being the newest appellant. On this context, made-in-the-USA cryptos and upcoming utility initiatives like Solaxy may take pleasure in enormous potential features.
Our $SOLX worth predictions counsel the mission may very well be one to observe, nevertheless, it’s nonetheless necessary to DYOR earlier than investing, irrespective of how promising the market sentiment appears. This text doesn’t present monetary recommendation, and crypto stays susceptible to wild swings, so all the time look twice earlier than you leap.
