In a bold move, Coinbase executives have sent a letter to federal banking regulators, urging for reforms that would allow banks to offer crypto custody and execution services. This comes amidst a surge in interest for US-based cryptocurrencies like Solana, with the Solaxy presale gaining significant momentum.
The current regulatory landscape has stifled innovation and crypto adoption, with inconsistent guidelines blocking partnerships between crypto providers and traditional banks. However, a regulatory overhaul could bridge this gap and make crypto more accessible to everyday users, potentially boosting liquidity in the market.
President Trump’s pro-crypto stance, alongside key appointments and potential Made-in-USA crypto ETFs, signals a positive shift in the US crypto market. As the second-largest US cryptocurrency by market cap, Solana is well-positioned for growth, with projects like Solaxy aiming to supercharge its ecosystem through a Layer-2 solution.
Solaxy’s off-chain transaction processing could enable high-volume use cases such as DeFi services and Web3 applications, making it a versatile platform bridging Ethereum and Solana. The project’s presale has already seen impressive traction, with a 62% price increase and over $18M in investments.
As regulatory changes loom on the horizon and crypto adoption continues to boom, projects like Solaxy that focus on enhancing US-based blockchains could enjoy significant potential gains. However, investors should always conduct thorough research before investing, as the crypto market remains volatile.
Tags: Coinbase, Crypto Banking, Solana, Solaxy, US Crypto Regulations
Source: https://bitcoinist.com/coinbase-crypto-banking-restrictions-solaxy-presale-hype/