EddieJayonCrypto
8 Mar 25
Solana (SOL) co-founder Anatoly Yakovenko opposes the idea of the US establishing a crypto strategic reserve. He does not support Donald Trump’s decision to create a national reserve of digital assets, stating that if there has to be a reserve, it should be based on objectively measurable requiremen...
Anatoly Yakovenko, co-founder of Solana (SOL), opposes the US establishing a crypto strategic reserve, expressing concerns about decentralization and government control. He emphasizes the need for objectively measurable and rationally justified requirements if a reserve is necessary, casting skepticism on government involvement.
Yakovenko also expresses concern over Solana's inclusion in the reserve without his consent, particularly amidst reports of Ripple pitching Solana's inclusion to bolster the legitimacy of XRP. This comes following Trump's executive order to establish a Strategic Bitcoin Reserve and create a U.S. Digital Asset Stockpile, which includes crypto assets forfeited in criminal or civil proceedings, excluding Bitcoin.
Yakovenko's opposition stems from his belief that government involvement in a reserve could undermine decentralization. He argues for reserves based on objectively measurable requirements and expresses dismay over Solana's inclusion without his involvement.