Solana co-founder calls for regulatory clarity


19 Sep 2023 8:30 PM

Solana co-founder Anatoly Yakovenko brings up the importance of regulatory clarity in Web3, and speaks about how the U.S has been driving away emerging Web3 technology with its rules....

  • Solana co-founder Anatoly Yakovenko believes that the lack of proper regulatory frameworks is the biggest challenge for the blockchain industry.
  • He calls for regulators to implement a regulatory framework to ensure compliance and support technological innovation.
  • Many young blockchain developers are considering leaving the U.S. due to the lack of regulation and government support.
  • Anatoly highlights the importance of Visa's decision to embrace Solana and mentions that revenue levels from deployments could indicate mainstream adoption.
  • SOL's short-term breakout above its descending resistance line suggests a bullish swing, but the MFI leveling out and potential outflows could lead to capitulation.
  • On-chain data shows increased activity and development activity in the Solana market.

The article discusses both positive and negative aspects of the blockchain industry. The positive aspects include the potential for technological innovation and mainstream adoption, while the negative aspects include the lack of regulatory frameworks and potential outflows in the market.

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You May Ask

What is the biggest challenge for the blockchain industry according to Solana co-founder Anatoly Yakovenko?What does Anatoly Yakovenko suggest regulators do to overcome the regulatory challenge?Why are many young blockchain developers considering leaving the U.S.?Why is Visa's decision to embrace Solana significant for cryptocurrency adoption?What does SOL's short-term breakout above its descending resistance line indicate, and what factors could potentially impact its future performance?

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