Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and crypto regulation.
Today in crypto, Solana validators approved a proposal to accelerate SOL disinflation, California lawmakers passed a bill restricting public officials’ involvement in memecoin issuance and an Abu Dhabi royal’s group reportedly backed a 49% stake in the holding company behind World Liberty Financial’s proposed US trust bank.
Solana validators have approved a major change to the network’s issuance schedule, doubling its annual disinflation rate from 15% to 30% to reduce the pace of new SOL entering circulation.
The proposal, SGP-0002, passed with 67% support, while 25.16% voted against and 7.84% abstained. Nearly 61% of eligible stake participated.
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