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Fortune

Ben Weiss

Solana survived Sam Bankman-Fried. Can it survive Gary Gensler?

Solana SOL SEC Gary Gensler Fortune Coinbase Crypto FTX Sam Bankman-Fried Binance

A man passes by a poster that says Solana. (Credit: Ben Weiss—Fortune)

Sam Bankman-Fried, the now-disgraced founder of bankrupt crypto exchange FTX, loved Solana. Launched in 2020 by cofounders Anatoly Yakovenko and Raj Gokal, the high-speed blockchain promised to be an “Ethereum killer."

“[It] has a shot at becoming one of the core layers on which most financial and informational transfers happen between applications in a natively Web3 world,” Bankman-Fried once told Fortune.

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