Reza Akhlaghi
@rezadefi
Prospects of a spot Solana ETF approval in the United States 1/2: Throughout 2024, prospects of a spot Solana ETF approval have been a cautionary tale. Solana faces unique hurdles amplified by concerns around market manipulation and liquidity in altcoins, including meme coins, and Solana’s smaller market cap compared to the other two incumbent assets: Bitcoin and Ethereum. However, post Trump victory, political shifts could influence the regulatory outlook. There are U.S. lawmakers who have become increasingly vocal about fostering crypto innovation in the U.S., and with Republicans seizing control of the Senate and the House of Representatives, their numbers are set to increase.
1 reply
0 recast
0 reaction
Reza Akhlaghi
@rezadefi
2/2: These pro-crypto lawmakers are against restrictive policies that have pushed the industry further offshore and stifled innovation at home. This push would signal a post-election SEC to adopt a more favorable stance on diversified crypto assets, including spot Solana ETF. How about the market dynamics? Market dynaics support a spot Solana ETF due to the asset’s high TPS, lower fees, its appeal in DeFi and NFTs, not to mention its growing dominance in the DePIN sector. These dynamics increase pressure for a spot ETF approval. /solana /solana-defi /depin /defi
0 reply
0 recast
0 reaction