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Coinbase Urges Fewer Crypto Banking Restrictions
More bullish news for crypto investors — Coinbase seizes on Trump’s pro-crypto stance and goes gloves-off against unfair crypto regulations. One crypto presale, Solaxy, which plans to upscale the Solana ecosystem, has seen major momentum following this news.
On Tuesday, executives from the Coinbase exchange sent out a letter urging the OCC, Federal Reserve, and FDIC for reforms to allow crypto in traditional banking.
In this context, investors are already eyeing US-made cryptos like Solana, with the potential for $SOL ETFs only further advancing the need for crypto C&E services in the future. This surge in interest in Solana has also translated into a boon for the Solaxy presale.
Coinbase Calls for Crypto Banking Services in the US
On Tuesday, US-based crypto exchange Coinbase sent out a letter urging federal banking regulators — the OCC, FDIC, and the Federal Reserve — to establish clear, consistent, and fair rulings and allow banks to offer custody and execution (C&E) services.
According to Coinbase, C&E providers have been blocked from partnering with banks because of inconsistent and vague guidelines. This legal hurdle stifled innovation and crypto adoption, but a regulatory overhaul could finally bridge the gap between crypto and traditional financial services in the US.
If this request is met, it would make crypto more accessible to everyday users and boost liquidity in the crypto market. Considering Trump’s pro-crypto leadership, Coinbase’s plea couldn’t be more perfectly timed.
The President’s appointment of David Sacks as the White House ‘AI and Crypto Czar,’ and the change in SEC leadership are just two more telling signs of a positive shift in the US crypto market. Moreover, the potential introduction of Made-in-USA crypto ETFs could further speed up this process.
With $SOL being the second-largest US cryptocurrency by market cap, Solana-focused project, Solaxy, is positioned for growth in 2025 and beyond.
That’s because, as crypto adoption booms, Solaxy’s Layer-2 Solana chain could provide the perfect platform for high-volume use cases like bundled transactions and DeFi services.
Solaxy to Turbo-Charge the US’s Solana Blockchain
Solaxy ($SOL) is a new cryptocurrency project based on Ethereum that aims to tap into that blockchain’s liquidity to build a Solana Layer 2. The establishment of the Solaxy blockchain will ensure speedy transactions and low slippage, but without Ethereum’s hefty gas fees.
According to the project’s whitepaper, this L2 will supercharge trading on Solana, solving the main blockchain’s pain points like network congestion, downtimes, failed transactions, and scalability limitations.
This will all be made possible thanks to Solaxy’s off-chain transaction processing, which allows for better performance and easier scalability for high-volume use cases. These could include anything from ordinary crypto trading to DApps deployment, DeFi services, and other Web3 applications.
It’s this versatility and the fact that Solaxy bridges two of the major blockchains that give the project great future gains potential, and the market seems to agree.
The project is still in presale, with the token and blockchain coming after the initial coin offering ends. However, $SOLX now sells for $0.001626, a 62% price increase since the presale launched in late 2024.
Investors have already poured in over $18M into the project, pushing Solaxy nearly halfway to its fundraising goal in record time. And the presale momentum is only picking up, with one whale recently picking up as much as $49K worth of $SOLX.
The project is also gaining traction on social media, with a combined following of over 70k followers on X and Telegram.
If you’re looking for a hot new utility token, now’s the time to buy Solaxy and secure a 224% staking reward.
2025 Looks Promising for Solana & US Crypto Projects
President Trump’s pro-crypto approach has emboldened crypto service providers to push for regulatory changes, with Coinbase being the most recent appellant. In this context, made-in-the-USA cryptos and upcoming utility projects like Solaxy could enjoy huge potential gains.
Our $SOLX price predictions suggest the project could be one to watch, however, it’s still important to DYOR before investing, no matter how promising the market sentiment seems. This article doesn’t provide financial advice, and crypto remains prone to wild swings, so always look twice before you leap.