Uniting Solana, Unites Crypto
Following Coinbase’s move to file a lawsuit against the U.S. Securities and Exchange Commission (SEC) and launch the #StandWithCrypto initiative, the Elusiv team saw the importance of alluding to these developments. Elusiv stands in unity with the entire crypto and Web3 community to bring more equity, clarity, and transparency to regulation surrounding the digital asset sector.
Cryptocurrency and the evolving Web3 space have long been under fire from regulatory bodies. The lack of constructive development in policy and legislation surrounding the industry has had a widespread impact on its ability to innovate and remain stable.
Cultivating the Web3 ethos
Elusiv recognizes the empowering characteristics of crypto and Web3 for society. It democratizes the digital world to enhance users’ control, ownership, and sovereignty. It creates community-driven economies, generating new forms of value and benefit for its members. It also increases accessibility to a range of vital services for underserved regions.
Clear policy and legislation are vital to ensure these aspects progress and maintain. Coherence between industry professionals and governments not only promotes innovation and provides safeguards for investors, but it will also protect the users and communities who have significant influence over the advancement of the industry.
Elusiv bridges the gap between builders and regulators
Elusiv is uniquely positioned to bridge the gap between the industry and policymakers on the protocol level. We offer a suite of solutions that empower users with privacy-preserving tools while still allowing regulators to ensure the security and integrity of the underlying system. We believe crypto and Web3 can continue cultivating their inherent ethos and ensure regulatory alignment without the two being mutually exclusive. Thus, industry leaders, policymakers, and the wider community must work collaboratively to create comprehensive guidelines that neither impede nor disrupts these notions.
Uniting the Solana Ecosystem
That is why we call upon all leaders, builders, and community members that constitute the Solana ecosystem to unite to ensure we help shape the legal framework we need for Web3 to prosper. Solana is the perfect representation of the power of collaborative and open technological development. As the most vibrant building community, it is also our responsibility to ensure our work helps shape the regulatory landscape in which this technology will reside. Regardless of the chain, asset, or infrastructure that makes up the wider Web3 space, our collective alliance is imperative for mass adoption of technology that will bring users empowerment, freedom, and sovereignty for generations. Uniting Solana means uniting crypto. Let’s build.
