Solana co-founder and CEO Anatoly Yakovenko has voiced strong opposition to the idea of a U.S. national crypto reserve, warning that government control could undermine decentralization.
On March 6, Yakovenko took to X (formerly Twitter) to outline his stance, stating that his top preference would be for no such reserve to exist. He emphasized that putting the government in charge could lead to the failure of decentralization, a core principle of cryptocurrency.
My reserve order of preference
— toly 🇺🇸 (@aeyakovenko) March 6, 2025
1. No reserve, because if you want decentralization to fail you’d put the government in charge of it.
2. Or states run their own reserve as a hedge against the fed making a mistake
3. Or if there has to be a reserve, it’s based on objectively… https://t.co/LfYXCIeRnG
A Hedge Against the Federal Reserve?
Yakovenko’s second preference, if a crypto reserve were to be established, would be for individual states to maintain their own reserves. He argued that this decentralized approach could act as a hedge against potential Federal Reserve mismanagement, ensuring a more balanced and resilient financial system.
His comments come in response to former U.S. President Donald Trump’s March 2 announcement of a strategic digital asset reserve. Trump stated that the Working Group on Digital Assets had been instructed to include major cryptocurrencies such as XRP (XRP), Solana (SOL), Cardano (ADA), Bitcoin (BTC), and Ether (ETH) in the national reserve.
Setting Measurable Standards
As a third alternative, Yakovenko proposed establishing clear, objective requirements for cryptocurrencies to qualify for inclusion in a national reserve. He suggested that such criteria could initially favor Bitcoin but should remain rational and achievable. “If there’s a target, the Solana ecosystem will get it done,” he stated, indicating confidence in Solana’s ability to meet high standards if required.
His remarks follow reports that Ripple allegedly pushed for Solana’s inclusion in the reserve to lend legitimacy to XRP. Yakovenko denied any involvement, stating, “No one asked me, and I didn’t pitch it.” He likened the claim to the idea of a “Bitcoin representative,” asserting that Solana has no central authority to make such decisions.
What’s a solana representative? At this point it’s honestly like saying a bitcoin representative. No one asked me, and I didn’t pitch it.
— toly 🇺🇸 (@aeyakovenko) March 6, 2025
Meanwhile, Cardano founder Charles Hoskinson also denied prior knowledge of ADA’s inclusion, stating that no Cardano representatives had been consulted or invited to the upcoming White House crypto roundtable, unlike executives from Ripple, Coinbase, and other firms.
Also Read: Solana Price Rebounds After Major Whale Buy – Is a Surge to $180 Next?
Yakovenko’s statements highlight the ongoing debate over government involvement in crypto. As policymakers push for greater oversight, industry leaders remain wary of threats to decentralization, reinforcing the sector’s core principles of autonomy and financial freedom.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of CoinBrief.io. Before making any investment decisions, you should always conduct your own research. Coin Brief is not responsible for any financial losses.
