The US is set to overhaul its crypto regulations under the new SEC leadership of pro-crypto Mark Uyeda, replacing Gary Gensler’s restrictive approach. House Financial Services Committee chair French Hill recently outlined plans for a major shakeup of the US crypto rules, aiming to promote technological innovation and broader crypto adoption among retail and institutional investors.
The proposed reforms include revamping regulations to provide clarity and collaborating with the executive branch to align priorities. President Trump has also signed an executive order to create an American sovereign wealth fund, which is likely to include Bitcoin and altcoins, potentially reducing the national debt significantly over time.
Clear regulations and governmental support could drive the growth of utility-focused crypto projects like Solaxy ($SOLX), which aims to solve Solana’s congestion issues and enhance cross-chain transfers between Solana and Ethereum. As the regulatory landscape improves, projects that focus on real utility and infrastructure improvement may be particularly well-positioned for success.
However, it is essential to remember that any crypto project is susceptible to external factors such as macroeconomic conditions and regulatory changes. As always, thorough research, diversification, and risk management are crucial when investing in the crypto market.
Tags: US crypto regulations, SEC, crypto adoption, Solaxy, Solana
Source: https://bitcoinist.com/us-to-ditch-genslers-crypto-regulations-can-solaxy-soar/