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Why Solana Is Jumping Today

TheMotleyFool 
0 0 24.01.25
Why Solana Is Jumping Today
 

Solana (CRYPTO: SOL) is seeing strong gains in Friday's trading. The cryptocurrency's token price was up 2.9% over the last 24 hours of trading as of 4 p.m. ET. Meanwhile, Bitcoin was up 1.5% and Ethereum was up 2.6%.

The crypto market is gaining today following an executive order on cryptocurrencies issued by President Donald Trump yesterday, and Solana is taking part in the bullish momentum. In addition to forming a commission to explore regulations in the crypto space and outlining new protections for cryptocurrency miners, developers, and asset holders, the executive order establishes an exploratory stage for the creation of a U.S. digital asset reserve.

Trump's new crypto order has formed a new advisory group to analyze regulations that currently affect the digital asset space and offer policy suggestions. The group has also been ordered to submit a report about the potential creation of a U.S. digital asset reserve with 180 days.

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Source Fool.com

Sol Stock

€49.00
0.310%
Sol gained 0.310% compared to yesterday.

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