Solana's co-founder and CEO, Anatoly Yakovenko, has opposed a US crypto reserve.
He shared his thoughts on X
, highlighting the necessity of decentralization in the field.
Yakovenko's top choice has no reserves at all. He feels that government control may impede decentralization attempts. His second preference is for state-run crypto reserves to protect against Federal Reserve errors.
These remarks follow Donald Trump's recent announcement of a
cryptocurrency strategic reserve
. The planned reserve would contain XRP, Solana, Cardano, Bitcoin, and Ether. However, Yakovenko denies any involvement in proposing Solana for inclusion.
The Solana CEO also recommended a third option: creating objective, measurable standards for tokens in a national reserve. He suggested that these conditions could be so severe that only Bitcoin now qualifies. Yakovenko emphasized that all standards must be rationally justified.
In response to reports of involvement, Yakovenko questioned
the concept of a "Solana representative.
" He compared it to having a Bitcoin representative, emphasizing the decentralization of these programs. Cardano founder Charles Hoskinson also denied having prior knowledge of ADA's inclusion in the reserve. He added that no Cardano officials were invited to the upcoming White House cryptocurrency roundtable.
Meanwhile, officials from Ripple, MicroStrategy, Coinbase, and Chainlink
have confirmed attendance at the summit
. This gathering of business leaders emphasizes bitcoin's growing role in national economic debates.
Yakovenko's viewpoint echoes broader concerns in the crypto community about preserving decentralization while avoiding potential government intervention. As debates about a US crypto reserve continue, balancing innovation with regulatory constraints remains a major problem for the industry.