Factual/Opinion Articles

Solana Will Be Destroyed By These Regulations

Solana Will Be Destroyed By These Regulations

Solana's founder is very openly conservative, which had prompted up questions about that possibly being a reason as to why Solana's price had been decreasing so heavily over the past several months. 

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Their industry statistics show a token ecosystem that is on the rise, while their price clearly shows the direct opposite. 

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If only less than 10% of solana users hold other tokens, why on earth are so many of them selling? The reality is that those 6% of solana holders are the rich ones. They're the crypto diversified millionaires that each hold 10k$-100k$ in their solana accounts. Which is exactly why they tend to want to explore other cryptocurrencies in the first place. 

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Solana's Co-Founder had said that he believed crypto deserved regulation in this famous quote: "To keep the next great American founder in America, Congress must regulate crypto. But first lawmakers should learn how it works." This is a bold stance as the entire crypto community doesn't want regulation. Arguably, crypto is only so big because of a lack of regulation and is the ultimate form of a free marketplace, which is exactly what Adam Smith had recommended governments do in their own economies since the 1900s. 

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