One of Washington’s top crypto lobbyists is establishing the country's first nonprofit focused on the interests of Solana, the popular blockchain that has emerged in recent years as a crucial hub for meme coin trading and decentralized finance.
Miller Whitehouse Levine announced that, after previously heading the DeFi Education Fund he would be the first CEO of the Solana Policy Institute. The Solana Policy Institute calls itself a nonpartisan, nonprofit organization advocating decentralized networks such as Solana which are “the future infrastructure of the electronic economy.”
Whitehouse Levine was told Decrypt Digital asset industries are experiencing a boom in the number of digital assets. Political cache In Washington, it seemed that this was the moment when Solana’s interests would be properly represented by lawmakers.
He said, “The time is right for crypto-policy.” Washington is taking a close look at the use cases for crypto and its benefits. I think now’s the time to develop smart regulation.
The nation’s capital has seen a flurry unprecedented in its history of cryptocurrency-related activity. President Donald Trump’s signature on multiple crypto-related bills Orders Signed the first bill since his return to office You can find out more about us by clicking here.. Currently, both chambers of Congress have multiple pieces of legislation relating to cryptography at Breakneck speedThe lawmakers who drafted these bills expressed their optimism that some could become law before the end of the summer.
The importance of Solana in the wider crypto-ecosystem has increased as the power of the industry’s political arm has grown over the past year.
In the last year, most of this was due to platforms like Pump.funThe blockchain experienced a surge of activity. According to one ReportageCrypto’s leading networks have seen 220,000,000 active addresses being used monthly in 2024. Nearly half of those addresses—a full 100 million—were on Solana alone. Base Ethereum Layer-2 Network, which was the second closest competitor with 22 millions, came in third.
The Solana Foundation, a non-profit organization that supports many blockchain projects, is responsible for supporting Solana. A person with knowledge of the situation said that the Solana Foundation is not officially affiliated with the Solana Policy Institute. Decrypt.
Whitehouse-Levine is currently the Solana Policy Institute's sole employee. Soon, the team will expand.
James Rubin is the editor
