SonicStrategy Backs Sonic Labs Governance Proposal with 33.5 Million $S Vote

SonicStrategy Inc., a blockchain infrastructure subsidiary of Spetz Inc., has confirmed its support for Sonic Labs' governance proposal. The proposal aims to extend the reach of the $S token into regulated U.S. financial markets. This includes potential ETF/ETP issuance and the establishment of a U.S.-based entity, Sonic USA. SonicStrategy voted with 33.5 million $S tokens in favor.

The initiative seeks to enhance institutional participation, transparency, and liquidity for the $S token. It represents a strategic pivot into U.S. markets. Mitchell Demeter, CEO of SonicStrategy, stated this aligns with their long-term vision to support scalable growth in the Sonic network. SonicStrategy commits to advancing governance that fosters ecosystem expansion and long-term value.