“We do believe that the Solana network is going to be the infrastructure for all asset issuers and asset markets in the future.” – 01:56
Kristin Smith, President of Solana Policy Institute, joins Remy Blaire to discuss the recent surge in interest surrounding Solana, a cryptocurrency that has experienced a significant 60% increase over the past three months. Remy highlights the growing trend of companies adopting Solana as a treasury reserve asset, mentioning notable organizations such as DeFi, DevCore, Upexy, Sol Strategies, Forward Industries, and Sharps Technology.
Together, they discuss the implications of major institutions investing in the Solana ecosystem and the emergence of innovative decentralized applications (DApps). Kristen emphasizes how these developments could enhance capital deployment efficiency and positively influence the broader crypto market.
The conversation shifts to a crucial regulatory update: the SEC’s approval of generic listing standards for commodity-based trust shares. Kristen explains how this change simplifies the approval process for crypto ETFs, making it easier for retail investors to access a wider range of digital assets, including Solana. She notes that this new framework allows assets to be included in ETFs without the previously required government approval, which is a significant step forward for the industry.
Remy and Kristin also delve into a national study conducted by the DeFi Education Foundation, revealing that nearly half of Americans believe the current U.S. financial system does not meet their needs. Kristin shares her insights on the shortcomings of existing financial services and the potential for blockchain technology to provide more efficient and cost-effective solutions for consumers.