The Solana Policy Institute will lobby for SOL in America.

Solana Policy Institute (Solana Policy Institute – SPI), a non-profit, non-partisan organization, was established on March 31 to collaborate with lawmakers, provide knowledge about the role of decentralized networks in the digital economy, and lobby for Solana (SOL) in Washington.

SPI focuses on promoting legal clarity for developers and users of applications built on Solana. The institute was established by Miller Whitehouse-Levine, former Executive Director of the DeFi Education Fund, who will serve as CEO of SPI.

According to a notice from SPI, this organization will work with other crypto lobbying associations in Washington, while showcasing the Solana ecosystem as a prime example of how decentralized technology can contribute to economic and social infrastructure.

The institute's mission includes connecting developers and the Solana user community to highlight real-world application cases, thereby guiding public policy.

Whitehouse-Levine shared:

"I am very honored to lead the Solana Policy Institute in the mission of educating policymakers about the tremendous potential of decentralized networks like Solana. This is a critical time for our industry, and we need a clear legal framework to pave the way for innovators to build the digital economy of the future."

Raise awareness about Solana

SPI aims to position Solana as a prime example of the application potential of blockchain across various economic fields, including finance, data storage, and digital identity.

The institute argues that decentralized networks are emerging as a core infrastructure platform for the next phase of the internet, and legal certainty is a key factor in promoting responsible innovation.

SPI will directly work with congressional staff, federal regulatory agencies, and organizations within the executive branch.

This organization will emphasize the importance of distinguishing between centralized and decentralized models in the process of building laws and guiding policies, particularly regarding the classification of securities, consumer protection, and market transparency.

The strategy of SPI includes gathering opinions from the Solana ecosystem, including infrastructure providers, developers, and users of decentralized applications (dApp). These stakeholders will provide lawmakers with practical insights on how blockchain tools are being implemented, as well as the legal barriers hindering the adoption of this technology.

As a result, the Solana Policy Institute will serve as a bridge between the Solana network and federal lawmakers, focusing on systematic and evidence-based lobbying activities to shape the legislative and regulatory process.

Improving the legal status of Solana

Since the U.S. Securities and Exchange Commission (SEC) sued major exchanges in 2023, SOL and many other altcoins have been regarded as securities by this agency.

However, the legal status of SOL has seen significant improvements in recent weeks. On March 2, former President Donald Trump mentioned the idea of reserving digital assets and referenced SOL along with other altcoins.

Solana is also reaching out to American investors through new investment tools. On March 17, the first SOL futures contract was traded on CME Group, and three days later, ETF funds based on SOL futures officially launched.

Analysts believe that the emergence of derivative products could increase the chances of launching a SOL spot ETF in the U.S. Additionally, the SEC has also dismissed most major lawsuits related to SOL being considered a security.

The establishment of SPI takes place against the backdrop of many important legal developments regarding Solana, contributing to strengthening the development prospects of this network in the US.

See the SOL price here.

Disclaimer: This article is for informational purposes only and is not investment advice. Investors should conduct thorough research before making decisions. We are not responsible for your investment decisions.

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