The co-founder of Solana, Anatoly Yakovenko, has emphasized the need for regulatory clarity in the field of Web3 technology. He believes that the lack of clear regulations in the United States has hindered the development of emerging Web3 technologies. Yakovenko suggests that implementing a proper regulatory framework would enable developers to overcome this challenge and ensure compliance. He also mentions that many young blockchain developers are considering leaving the U.S due to the lack of regulation and the unwelcoming attitude of the government towards blockchain. Additionally, Yakovenko discusses the significance of Visa’s decision to embrace Solana and its potential impact on cryptocurrency adoption. On the other hand, the trading indicators suggest a possible slowdown in demand, although on-chain data shows increased activity and development in the market.
AI Sentiment: Negative