Solana has taken a decisive step towards influencing the future of blockchain policy with the launch of the Solana Policy Institute (SPI), a non-profit organisation aimed at fostering clearer regulations for decentralised networks.
Positioned as a platform to bridge the gap between the growing blockchain ecosystem and policymakers, SPI will play a pivotal role in shaping the digital economy's regulatory framework.
The initiative comes at a crucial time, as the cryptocurrency space faces increasing regulatory scrutiny.
Spearheaded by Miller Whitehouse-Levine, a well-respected figure in cryptocurrency advocacy, the SPI is set to educate legislators on the economic and societal benefits of decentralised technologies.
Whitehouse-Levine, who brings extensive experience in shaping digital asset policies, will lead the institute as its CEO.
Screenshot from Miller Whitehouse-Levine’s Linkedin
The core mission of the SPI is to create a platform that enables meaningful dialogue between lawmakers and the Solana community, highlighting how blockchain can drive innovation and contribute to economic growth.
Through its outreach efforts, SPI seeks to tackle key concerns about decentralisation and network reliability, positioning Solana as a leader in the space.
The organisation also aims to highlight how transparent and fair policies can encourage technological advancements while addressing potential risks.
The timing of the SPI’s launch could not be more significant.
As regulatory uncertainty continues to challenge blockchain projects, Solana faces heightened scrutiny regarding issues like network stability and the risks of centralisation.
Despite these challenges, Solana remains committed to pushing for a regulatory environment that supports innovation while ensuring consumer protection.
A recent statement from SPI emphasised the need for clear and concise regulations in the cryptocurrency space.
Whitehouse-Levine said,
"Innovators deserve to have the clarity they need to build a frictionless, Internet-based global economy — a future we believe is achievable with the right laws, rules, and frameworks.”
The organisation aims to create a regulatory foundation that will both ensure the continued growth of blockchain technologies and stimulate investment.
The formation of the SPI comes at a time when institutional interest in Solana is on the rise.
Major investment firms such as BlackRock and Fidelity have increasingly incorporated Solana into their portfolios.
BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) has chosen Solana as its blockchain platform, while Fidelity has taken steps toward launching a Solana exchange-traded fund (ETF) in partnership with Cboe Global Markets.
As discussions around digital asset regulation heat up, the role of Solana’s native token, SOL, has become even more significant.
Following U.S. President Donald Trump’s announcement regarding the creation of a Crypto Strategic Reserve—which includes SOL—the token has gained further prominence in the global financial landscape.
At its core, the SPI is not just about influencing regulations but fostering a clearer understanding of how decentralised networks can benefit society.
By showcasing real-world examples of blockchain’s positive impact, SPI intends to inspire lawmakers to recognise the potential of crypto to drive both economic growth and social progress.
As Whitehouse-Levine stated,
"SPI will stand firmly behind the principles of decentralisation, and will work tirelessly to accelerate the industry’s positive momentum by elevating strong case studies taking place across the Solana network.”
The institute’s approach is rooted in the belief that establishing clear, fair regulations is the key to unlocking innovation, ensuring that digital technologies continue to thrive in a secure and well-regulated environment.
Solana’s increasing market share signals growing confidence in its blockchain.
According to recent reports, Solana’s REV (Real Economic Value) has surged by 54%, reaching $18.5 million in the latest weekly update.
This growth reflects not only the platform’s technological advantages, such as fast transaction speeds and low costs but also the broader institutional confidence in its long-term prospects.
As the cryptocurrency industry continues to evolve, Solana’s strategic positioning through SPI is designed to ensure the blockchain remains at the forefront of regulatory discussions, ultimately supporting a more inclusive and robust digital economy.
Kanye West, now known as Ye, launched a Solana-based YZY token, sparking a market surge to a $3 billion valuation within 40 minutes. Most of the supply is controlled by insiders, raising concerns about long-term stability despite high trading activity.
AnaisThe SEC has delayed decisions on several crypto ETFs, including Bitcoin, Ethereum, Solana, XRP, Litecoin, and Dogecoin, pushing most deadlines into October. Regulators are working on new listing standards that could allow faster approvals of altcoin ETFs once rules are finalised.
WeatherlyBlue Origin now accepts Bitcoin, Ethereum, Solana, and stablecoins for booking space flights through a partnership with Shift4. This move aims to make high-cost space tourism payments easier for digital asset holders using popular crypto wallets.
WeatherlyThe US SEC clarified that certain liquid staking tokens are not securities, allowing these platforms to operate without registering their tokens. This decision opens the door for liquid staking tokens to be included in ETFs, boosting institutional interest in crypto assets.
JoySolana Mobile has started shipping its new crypto smartphone, the Seeker, to over 50 countries after receiving 150,000 pre-orders. The phone features built-in Web3 tools like a secure seed vault and a decentralised app store, offering an alternative to Apple and Google platforms.
Weatherly
Jason RiggsCollector Crypt launched a digital system on Solana where people can buy NFT packs linked to real graded Pokémon cards. Buyers can either keep the NFT or claim the actual card, bringing together digital collecting and physical items.
AnaisMarti, a Turkish ride-hailing company, has put 20% of its cash into Bitcoin and plans to increase that to 50%. The move is part of a long-term plan to use crypto as a store of value while keeping its main business growing.
AnaisPumpfun will launch its PUMP token on 12 July, aiming to raise $600 million by selling 15% of its supply across its own site and Gate.com. Despite the hype, the platform’s revenue and user activity have dropped sharply, while rival LetsBonk is gaining ground.
WeatherlyNorth Korea-linked hackers stole $3.2 million in crypto from Solana wallets and moved the funds to Ethereum. They laundered nearly $2 million using Tornado Cash, with over $1 million still sitting in an Ethereum wallet.
AnaisUnless explicitly tagged and identified, it was impossible to track what wallets an exchange owns, or might own. As a result, the idea of Proof of Reserves (PoR) emerged.
BrianBrazil surpasses Nigeria in Bitcoin interest as El Salvador maintains its lead, indicating evolving trends in cryptocurrency preferences and regulatory dynamics across these nations.
Hui XinArgentina's Minister of Foreign Affairs, Diana Mondino, has declared the country's intention to formalise contractual agreements using Bitcoin.
JoyEl Salvador legislates expedited citizenship for Bitcoin donors, further integrating cryptocurrency in governance.
KikyoCrypto scammers execute a $58M heist via phishing campaigns on Google and X ads, utilizing a 'Wallet Drainer' and evading detection with regional targeting and redirect tricks.
Hui XinAstria's shared sequencing network facilitates the collaboration of multiple rollups on a single decentralised sequencer network.
DavinThe Cardano Foundation recently announced a strategic partnership with Petrobras, Brazil's leading state-owned oil company. The collaboration focuses on providing blockchain education and exploring technology applications within the energy sector.
JoyThis collaboration is set to position Whampoa Digital as an ecosystem partner for Wemade's WEMIX PLAY Center in Dubai International Financial Centre (DIFC) Innovation Hub and the Wemade Web3 Fund.
DavinThis update provides miners with the option to choose block template policies, facilitating decentralisation and reintroducing miners to the task of selecting block contents without the need to create templates on their own.
BrianA concise guide explaining and providing tips to manage various cryptocurrency fees effectively.
Alex