Bitcoin 
$72,507 price At the time of writing, it is struggling to reclaim $73,000 and the price stands at $72,804. The latest third quarter data revealed the fact that MicroStrategy will aggressively purchase BTC. So, what is the latest situation on the SOL Coin front?
SOL ETF Application
Solana (LEFT) Although there were 2 applications for the application in the past months, these were stopped due to the attitude of the SEC. However, while the article was being prepared, a new application was made by Canary Capital Group. Where does the S-1 Form submitted to the SEC get its courage? Gensler may have only one motivation when he openly states that most altcoins are securities.
Following the November 5 US elections, Trump announced that he would dismiss the current SEC chairman. He will replace him with another crypto-friendly executive, and if the institution sheds its negative approach towards crypto, Gensler’s ETH In an environment where ETF is approved for SOL Coin, of course, it may also be approved.
Alright Kamala Harris if he wins? Harris has pledged to accelerate regulation and support innovation in crypto. Although she is not as good as Trump, Harris’ election is not a disaster. However, we should not get the idea that the Biden administration’s attitude will completely change 180 degrees under the Harris administration. Harris’ only advantage for the SOL ETF is that SEC chairmen have a habit of stepping down when another is elected. So even if Harris is elected, Gensler may leave office for his new job.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
