Extra bullish information for crypto buyers — 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, buyers are already eyeing US-made cryptos like Solana, with the potential for $SOL ETFs solely additional advancing the necessity for crypto C&E providers sooner or later. This surge in curiosity in Solana has additionally translated right into a boon for the Solaxy presale.
Coinbase Requires Crypto Banking Providers within the US
On Tuesday, US-based crypto alternate Coinbase sent 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) providers.
Based on 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 might lastly bridge the hole between crypto and conventional monetary providers within the US.
If this request is met, it could 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 might additional velocity up this course of.
With $SOL being the second-largest US cryptocurrency by market cap, Solana-focused challenge, Solaxy, is positioned for progress in 2025 and past.
That’s as a result of, as crypto adoption booms, Solaxy’s Layer-2 Solana chain might present the right platform for high-volume use circumstances like bundled transactions and DeFi providers.
Solaxy to Turbo-Cost the US’s Solana Blockchain
Solaxy ($SOL) is a new cryptocurrency project based mostly 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.
Based on the challenge’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 can all be made potential because of Solaxy’s off-chain transaction processing, which permits for higher efficiency and simpler scalability for high-volume use circumstances. These might embrace something from bizarre crypto buying and selling to DApps deployment, DeFi providers, and different Web3 functions.
It’s this versatility and the truth that Solaxy bridges two of the main blockchains that give the challenge nice future features potential, and the market appears to agree.
The challenge continues 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.
Buyers have already poured in over $18M into the challenge, pushing Solaxy almost midway to its fundraising objective in report time. And the presale momentum is barely choosing up, with one whale lately choosing up as a lot as $49K worth of $SOLX.
The challenge can also be gaining traction on social media, with a mixed following of over 70k followers on X and Telegram.
Should you’re in search of a sizzling new utility token, now’s the time to buy Solaxy and safe a 224% staking reward.
2025 Appears to be like Promising for Solana & US Crypto Initiatives
President Trump’s pro-crypto strategy has emboldened crypto service suppliers to push for regulatory modifications, with Coinbase being the latest appellant. On this context, made-in-the-USA cryptos and upcoming utility initiatives like Solaxy might take pleasure in large potential features.
Our $SOLX price predictions counsel the challenge could possibly be one to observe, nonetheless, it’s nonetheless vital to DYOR earlier than investing, regardless of how promising the market sentiment appears. This text doesn’t present monetary recommendation, and crypto stays liable to wild swings, so all the time look twice earlier than you leap.