Solana Policy Institute Launched in Washington DC; Kristin Smith Named President 295h5p

The Solana Policy Institute launches as the US steps up efforts to regulate and crypto. 6i511m

Solana Policy Institute Launched in Washington DC; Kristin Smith Named President

Photo Credit: X/ @Solana l5uy

The organisation officially launched on March 31

Highlights
  • Miller Whitehouse-Levine will be the CEO of the SPI
  • Kristin Smith will serve as the President of the agency
  • The names of other SPI will be released in the coming days
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Miller Whitehouse-Levine, former CEO of the US-based DeFi Education Fund has launched the Solana Policy Institute (SPI), a non-partisan, non-profit advocacy group based in Washington, DC. Focused on crypto policy and education, SPI aims to collaborate with US regulators to advance Web3 initiatives. Kristin Smith, previously CEO of the Blockchain Association, will serve as SPI's President.

Whitehouse-Levine, a longstanding crypto advocate in the US, emphasised the need for deeper Web3 knowledge among lawmakers to craft effective regulations and ensure a level playing field. Speaking recently with The Block, he underscored the importance of informed policymaking beyond just Bitcoin.

Here's What We Know About the SPI

The organisation officially launched on March 31 with Whitehouse-Levine as its CEO. In the coming months, the SPI will be organising a series of education sessions for US policymakers with key opinion leaders from the Solana ecosystem. These sessions are expected to give the regulators a better understanding of the usecases of blockchain-based technologies.

Commenting on SPI's launch, Whitehouse-Levine tweeted, “It's a pivotal moment for our industry, and we need clear rules to unleash the innovators building the digital economy of the future.”

Smith, meanwhile, announced her departure from the Blockchain Association to the SPI. She said she will wrap up her work from the Blockchain Association on May 16 and start at the SPI on May 19.

The Solana Foundation, that oversees the blockchain's overall maintenance, welcomed both, Whitehouse-Levine and Smith, into the ecosystem.

In the coming weeks, the SPI will be announcing the names of other ing the team. It will also be publishing a detailed set of priorities around potential crypto rules.

Recent History of Solana

Solana is an established name in the blockchain industry, known for hosting decentralised applications (dApps) and non-fungible tokens (NFTs) while also processing high-speed transactions at a lower fee.

In March 2024, Solana officially overtook Ethereum on the popularity scale owing to erupting NFT and memecoin trends. At the time, Solana climbed to the first rank on CoinGecko's list of most popular blockchains – commanding nearly 50 percent of investor interests.

As of Wednesday, April 2, Solana is the sixth largest crypto asset on CoinMarketCap's index. Its present market cap stands at $64.3 billion (roughly Rs. 5,49,641 crore) with over 512 million SOL tokens in circulation.

Google Cloud and Solana Labs have been collaborating since last year on infusing blockchain elements into mainstream game development.

The launch of the SPI comes as US President Donald Trump accelerates efforts to provide a regulated and ive growth environment for the crypto sector. The SPI is looking to use Solana's market expertise to help US regulators understand ways in which blockchain technology could be explored to revamp US' digital economy.

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Further reading: Crypto
Radhika Parashar
Radhika Parashar is a senior correspondent for Gadgets 360. She has been reporting on tech and telecom for the last three years now and will be focussing on writing about all things crypto. Besides this, she is a major sitcom nerd and often replies in Chandler Bing and Michael Scott references. For tips or queries you could reach out to her at [email protected]. More
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