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According to Sonex Aircraft, to be certified as LSA, a plane needs to be slow only at the sea level. Therefore there is no restriction on speed at higher altitudes. (See the link below.) In fact, this seems to be one of the selling points for Sonex...

Hi! I'm new to general aviation, and I am working towards PPL. I'm also interested in buying a plane, so I am studying the aircraft market also. I think that a 2 seater would work for the vast majority of my flying needs, and therefore it would be the optimal way to go: much less fuel...