Political support, especially from Donald Trump, could positively influence the approval and success of a Solana ETF.

Claim

Name

Political support, especially from Donald Trump, could positively influence the approval and success of a Solana ETF.

Types

Quotes that support the claim

GSR, which holds a long position in Solana, highlights a notable change in the political climate surrounding cryptocurrencies in recent months. Crypto has quickly developed into a potential wedge issue in the upcoming election between incumbent Democratic president Joe Biden and his presumptive Republican challenger, former president Donald Trump.

In particular, the report notes 'Donald Trump's newfound backing of the crypto industry, which in turn caused Democrats to loosen their stance against digital assets in a tight election year.'

Topics

Impact of Donald Trumps Presidency on Solana ETF approval