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Why Solana Is Surging Today

TheMotleyFool

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Why Solana Is Surging Today: https://g.foolcdn.com/editorial/images/825902/positive-person-1.jpg

Since Friday afternoon at 4 p.m., the price of Solana (CRYPTO: SOL) had surged nearly 10%, as of 11:09 a.m. ET today. While there's not an exact reason for the move, a few events could be driving it.

Last week, the U.S. House of Representatives voted in favor of three crypto bills that investors view as bullish for the entire sector, two of which would create a framework for stablecoins and digital assets. President Donald Trump recently signed the Genius Act (the one for stablecoins) into law because both the House and Senate approved the bill.

Image source: Getty Images.

Source Fool.com