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Crypto News

Biden Administration Seeks Crypto Regulation. What Does This Mean for Solana (SOL), Avalanche (AVAX), and TMS Network (TMSN)

Author

John Asher

Tags

Reading time

3 mins
Last update

Author

John Asher

Tags

Reading time

3 mins
Last update

Author

John Asher

Tags

Reading time

3 mins
Last update

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Perhaps the most terrifying word to any crypto enthusiast is “regulation” – the whole concept of crypto is that it should be decentralized and anonymous, and regulation boards do not like this. Along with targetted regulations from the SEC, U.S. President Biden has also unleashed his own administrative regulations of crypto, and this could have an impact on crypto tokens such as Solana (SOL), Avalanche (AVAX), and TMS Network (TMSN)


So, is this something that should concern investors in Solana (SOL), Avalanche (AVAX), and TMS Network (TMSN), or are these tokens safe from regulations? Read on to find out!

  

Solana (SOL)

Solana (SOL) is a highly popular cryptocurrency, primarily due to its focus of efficiency, speed, and interoperability. Solana (SOL) achieves this through its unique PoH (Proof of History) protocol, which depends on financial investment for validation as opposed to power-hungry PoW (Proof of Work) protocols. 


It would make sense for this sustainable approach of Solana (SOL) to look positive in the eyes of regulatory boards, but it may make things worse. By proving itself as sustainable and efficient, there is nothing else stopping Solana (SOL) from pushing DeFi forward, and this will not make Biden and his administration happy. Solana (SOL) is undeniably a bullish token, but until regulations lay off, it could be in bumpy territory. 

Avalanche (AVAX)

Avalanche (AVAX) is a crypto provider that focuses on developing smart contract technology. Smart contracts form the backbone behind an effective crypto network, and Avalanche (AVAX) was one of the first providers to leverage them. This has meant that despite its B2B status, Avalanche (AVAX) has built a lot of hype, which has only been augmented by the recent Avalanche (AVAX) and Chainlink (LINK) partnership. 


So, how does this look in the eyes of Biden’s administration board? Well, quite positive actually! Regulations are more likely to be designed to put crypto into the powerful hands of governments and traditional financial institutions, and if this is going to be achieved, they’ll need the smart contracts of Avalanche (AVAX). Therefore, Avalanche (AVAX) is expected to be favored in the eyes of regulations, which should set it up for a positive 2023. 

TMS Network (TMSN)


TMS Network (TMSN) is an investment platform that has taken a decentralized approach, offering crypto trading whilst also offering derivatives investments such as CFDs, FX, and equities. This has helped unify traditional investment with modern trading, something that is bullish in the eyes of Biden’s regulatory board. TMS Network (TMSN) also offers educational resources to its investors, another feature that is positive in the face of regulators. 


Along with these user-centric features, TMS Network (TMSN) also offers AI trade bots, social trading communities, advanced analytic tools, and a decentralized governance system. Thanks to its user-centric approach and the unified relationship between crypto and derivatives, TMS Network (TMSN) shows great potential to win over financial institutions and regulators, something that should protect the platform from Biden during its ongoing presale. 

  

Final Thoughts

Overall, regulations are unfortunately a ubiquitous part of innovation – with every great idea comes institutes and governments that want a piece of the pie! This will sadly have a negative effect on many crypto tokens such as Solana (SOL), but providers that benefit traditional investors such as Avalanche (AVAX) and TMS Network (TMSN) should be well protected. 


With the first wave of presale selling out at $500,000 in just two weeks, you’d be missing out on a huge opportunity if you ignored TMS Network (TMSN) this spring! The second wave presale is still ongoing although it’s been open for over two weeks, so it’s only a matter of time until another opportunity is missed – make your move, fast! 

Presale: https://presale.tmsnetwork.io

Whitepaper: https://tmsnetwork.io/whitepaper.pdf

Website: https://tmsnetwork.io

Telegram: https://t.me/tmsnetworkio

Discord: https://discord.gg/njA95e7au6

Twitter: https://twitter.com/tmsnetworkio