Solana News: Solana Policy Institute Launches with Key Hires Aiming to Boost Washington DC Presence

In a significant move that underscores Solana’s expanding influence in the cryptocurrency space, the Solana Policy Institute has been launched with high-profile hires from the blockchain industry.

Solana Policy Institute Launches with High-Profile Hires

Miller Whitehouse-Levine, former CEO of the DeFi Education Fund, has announced the launch of the Solana Policy Institute, where he will serve as founder and CEO. Kristin Smith, CEO of the Blockchain Association, also announced she will become the non-profit’s first president in May. The launch and hires are expected to grow Solana’s presence in Washington DC, joining other Solana-related organizations like Jito and Multicoin.

Solana’s Jupiter Buys DRiP Haus, DeFi Exchange’s First NFT Play

Solana’s top DeFi exchange, Jupiter, has acquired DRiP Haus, a digital collectibles platform. The acquisition is part of Jupiter’s push to become the "Solana super app," a home for traders of financial instruments and digital culture connoisseurs. Kash Dhanda, of Jupiter, believes that NFTs are here for the long term. DRiP Haus, built from the bricks of the short-lived Solana store, survived the NFT market’s downturn and focuses on disseminating digital collectibles rather than trading. Startups across Solana send out their visual campaigns on DRiP.

Solaxy Price Prediction: Is This the AI Crypto to Watch?

Solana’s explosive growth led to occasional bottlenecks, an issue that has led Solaxy to step in. Solaxy, a Layer-2 scaling solution, was designed to optimize Solana’s network efficiency by transacting off-chain but completing the process on Solana, thus significantly lowering the network load. Key features include off-chain processing to reduce congestion and enhance transaction speed, cross-chain compatibility for smooth asset transfers between Solana and Ethereum, and advanced network monitoring tools to detect potential issues and enhance security. Solaxy has strong potential but investors are also eyeing emerging meme coins in presale like Dawgz AI ($DAGZ), which has strong potential to dominate the crypto market soon.

Law Firm Seeks Libra Investors for Potential Lawsuit Over Milei-Backed Solana Token

A New York-based law firm, Treanor Law Firm, is seeking victims of the Libra (LIBRA) meme coin scandal involving Argentine President Javier Milei. The firm has been investigating the Solana-based token since its February launch and believes there may be validity to allegations of fraud, market manipulation, and racketeering. They are connecting with Libra investors ahead of any potential lawsuit.