US Senate majority leader Chuck Schumer has declared that Democrats will pass pro-crypto legislation by the end of the year if Kamala Harris is elected president in November.
This paints a rosy picture of bi-partisan support for the industry, given Donald Trump’s branding as the “crypto president”, and suggests that the American SEC’s hostility towards digital assets could be coming to an end.
This brings into view higher chances than ever of a Solana ETF being approved next year—previously thought to be only possible under Trump. This would be a huge boon for the viral Solana meme coin Poodlana, which has raised an impressive $7.5 million entering its final 24 hours.
Joe Biden’s SEC, chaired by Gary Gensler, has been particularly hostile to crypto over the last four years, with cases against exchanges, stablecoins, and tokens like Ripple.
In light of this, President Trump recently took up an opposing stance, branding himself as a “crypto president” and promising a looser regulatory environment, as well as a US strategic Bitcoin reserve.
The support this brought from the newly established crypto lobby can’t have gone unnoticed by Democrats—and this has resulted in a sharp change in their stance towards the industry. At a recently held “Crypto4Harris” event, Schumer told the audience that the Democrats must adapt to keep pace with global developments surrounding crypto, echoing Trump’s desire to position the US at the forefront of the sector.
With the SEC now likely to be more lenient towards digital currencies, regardless of November’s election results, developments like Solana ETF approvals look more likely than ever. SOL ETF applications were previously seen as “bets on Trump retaking the White House”, but could now simply be business as usual under Harris as well.
Solana ETFs would be an enormous stamp of approval for SOL meme coins, the standout stars of the 2024 bull run, and this would extend to Poodlana—the viral presale token currently turning heads throughout the crypto sphere.
Poodlana has now raised $7.5 million since its 30-day flash presale began in mid-July, and with just 24 hours remaining to pick up POODL tokens at a final price of $0.054, FOMO is kicking into overdrive.
The presale ends at 11 a.m. UTC on Friday, 16th August, with a listing on Raydium—Solana’s premier DEX—coming just an hour later, at noon UTC. This means that the electric presale momentum, currently reaching a fever pitch, will be primed to carry straight over into open market trading, leading to a potentially huge rally.
Add to this the extremely bullish news of exchange listings: Poodlana has confirmed two major CEX listings for next week, on the 19th and 23rd of August, and the stage is set for a momentous price surge. Binance rumours are currently running wild, with some analysts upping their price predictions by 25x in light of this possibility.
With POODL’s launch price set at $0.06, the final presale price of $0.054 offers one last chance to lock in a 15% discount from the public price, and with time running out, expect crowds of investors to pile in as they realize these low prices are rapidly fading.
Visit the Poodlana website today to purchase POODL tokens—there are less than 24 hours left to buy at a discount.
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