What’s to come for Solana under a Trump presidency?
With Donald Trump beginning his second term, the cryptocurrency landscape, particularly for Solana (SOL), may shift positively. Following Trump's previous election, Bitcoin surged, and speculation arises that Trump is open to establishing a strategic crypto reserve, potentially including tokens like SOL. SOL has already seen a 19% increase ahead of the inauguration. The SEC's stance on crypto regulations under Trump may also change, possibly freezing litigation against firms like Coinbase and Binance, which could alleviate current uncertainties around SOL's status as a security. This would likely lead to greater adoption and the emergence of Solana ETFs, predicted to have a 75% approval chance by 2025. Developers may pivot from speculative projects to utility-focused applications as the regulatory environment becomes clearer. Overall, with a favorable legislative landscape, Solana could see a transformation in the development and deployment of sophisticated applications.
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