Emily Walker
Exciting developments for cryptocurrency enthusiasts are underway as Coinbase embraces Trump’s supportive attitude towards digital currencies while advocating against unjust regulations. A significant surge in interest has been noted for a crypto presale called Solaxy, which aims to enhance the Solana ecosystem.
On Tuesday, Coinbase’s leadership communicated with the OCC, Federal Reserve, and FDIC, pushing for reforms that would enable the inclusion of cryptocurrency services in conventional banking.
This backdrop has sparked investor attention towards US-developed cryptocurrencies like Solana, especially with the potential introduction of $SOL ETFs further amplifying the demand for crypto custody and execution services in the near future. As interest in Solana intensifies, it is also benefitting the Solaxy presale significantly.
Coinbase Advocates for Enhanced Banking Services for Crypto
On the same day, the US crypto platform Coinbase reached out to federal banking authorities, including the OCC, FDIC, and the Federal Reserve, requesting uniform, clear, and equitable regulations to permit banks to provide custody and execution (C&E) crypto services.
As outlined by Coinbase, obstacles in establishing C&E partnerships with banks stem from inconsistent regulatory guidelines. These challenges hinder innovation and adoption within the crypto space, but a shift in regulations could foster a connection between cryptocurrency and standard financial services in the US.
If these changes are adopted, they could significantly improve access to cryptocurrencies for the general public and enhance liquidity in the market. Given Trump’s supportive stance towards crypto, Coinbase’s timing is particularly strategic.
The recent nomination of David Sacks as the White House ‘AI and Crypto Czar’ alongside changes in the SEC’s leadership signals a constructive transformation within the US crypto landscape. Additionally, the potential launch of Made-in-USA crypto ETFs could further expedite progress.
As the second-largest US cryptocurrency by market cap, $SOL positions the Solana-centric project Solaxy for substantial growth in 2025 and beyond.
As cryptocurrency adoption accelerates, Solaxy’s Layer-2 Solana chain stands to support high-volume applications, including bundled transactions and decentralized finance (DeFi) services.
Solaxy Set to Revitalize the Solana Blockchain
Solaxy ($SOL) is an innovative project built on Ethereum aimed at leveraging its liquidity to create a Solana Layer 2 solution. This new blockchain will enhance transaction speeds and reduce slippage while avoiding the high gas fees typical of Ethereum.
Per the project’s whitepaper, this Layer 2 infrastructure will improve trading on Solana by addressing key issues faced by the primary blockchain, such as network congestion, system downtimes, failed transactions, and scalability concerns.
This enhancement is made feasible by Solaxy’s off-chain transaction processing, which improves performance and facilitates scalability for high-demand scenarios, ranging from typical crypto trading to DApp development, DeFi offerings, and other applications within the Web3 sphere.
The project’s ability to connect two major blockchains gives it significant growth potential, which is reflected in market interest.
Currently in presale, the token and blockchain will launch post-initial coin offering. As of now, $SOLX is valued at $0.001626, marking a 62% increase since the presale’s initiation in late 2024.
Investors have already committed over $18 million to the project, bringing Solaxy closer to its fundraising objective at an impressive pace. The presale continues to gain traction, and recently, a prominent investor acquired $49K worth of $SOLX.
Social media presence is also increasing, with over 70k followers combined on X and Telegram.
If you’re on the lookout for a promising utility token, this is a prime time to invest in Solaxy and take advantage of a 224% staking reward.
Bright Prospects for Solana and US Crypto Ventures in 2025
Trump’s supportive crypto policy has motivated service providers to advocate for regulatory enhancements, with Coinbase leading the charge. Consequently, American-made cryptocurrencies and upcoming utility projects like Solaxy may experience significant advantages moving forward.
Our forecasts for $SOLX suggest the project is worth monitoring; however, it’s crucial to conduct your own research prior to any investment, regardless of the favorable market sentiment. This article does not constitute financial advice, and it’s essential to remain cautious as the crypto market can experience extreme fluctuations, so always verify before proceeding.