Ethereum

Solana

Summit

Reserve

<ul>
 <li aria-level="1">White House summit to assess ADA, XRP, SOL inclusion in federal reserve; debates focus on decentralized governance frameworks.</li>
 <li aria-level="1">Solana’s Yakovenko opposes centralized custodianship, proposes state-level reserves or algorithmic criteria prioritizing Bitcoin’s auditability.</li>
</ul>
The White House will convene its inaugural Crypto Policy Summit on March 7, 2025, to assess the inclusion of altcoins such as Cardano (ADA), XRP, and Solana (SOL) in a proposed U.S. Strategic Digital Asset Reserve. 
The discussions aim to define custodial protocols, liquidity provisioning, and compliance frameworks for federally held cryptocurrencies, extending beyond Bitcoin (BTC) and Ethereum (ETH).
<h2 id="b-solana-co-founder-s-decentralization-first-critique-b">Solana Co-Founder’s Decentralization-First Critique</h2>
Anatoly Yakovenko, Solana co-founder, outlined three scenarios for the <a href="https://www.ethnews.com/u-s-crypto-reserve-proposal-sparks-debate-over-bitcoins-role/" rel="noopener noreferrer nofollow">reserve’s structure</a>, emphasizing decentralized governance. First, he rejected federal custodianship of decentralized protocols, labeling it incompatible with on-chain autonomy.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 My reserve order of preference
 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… <a href="https://t.co/LfYXCIeRnG" rel="noopener noreferrer nofollow">https://t.co/LfYXCIeRnG</a>
 — toly <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f1fa-1f1f8.png" alt="🇺🇸" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@aeyakovenko) <a href="https://twitter.com/aeyakovenko/status/1897517764119830775?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 6, 2025</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Second, he proposed state-level reserves utilizing tokenized treasury models to hedge against central bank policies. Third, Yakovenko advocated algorithmic criteria—such as proof-of-stake (PoS) security thresholds or liquidity depth—to qualify assets, even if only BTC meets initial benchmarks.
Yakovenko denied lobbying for SOL’s inclusion, stating no entity approached him to advocate for the network. He dismissed the concept of a “Solana delegate” as antithetical to decentralized validator networks, drawing parallels to Bitcoin’s lack of centralized representation.
<h2 id="b-controversy-over-multi-asset-reserve-composition-b">Controversy Over Multi-Asset Reserve Composition</h2>
Plans to <a href="https://www.ethnews.com/trump-confirms-btc-eth-sol-xrp-ada-in-strategic-crypto-reserve-whats-next/" rel="noopener noreferrer nofollow">expand the reserve to altcoins</a> face pushback from proponents of protocol-level minimalism. Critics argue that incorporating PoS assets like SOL or ADA risks conflating decentralized finance (DeFi) with centralized policy agendas, potentially distorting validator incentives. Skeptics allege project founders seek to inflate market caps via state-backed liquidity pools, undermining decentralized autonomous organizations (DAOs).
<h3 id="b-policy-implications-and-on-chain-governance-b">Policy Implications and On-Chain Governance</h3>
The <a href="https://www.ethnews.com/u-s-crypto-reserve-proposal-sparks-debate-over-bitcoins-role/" rel="noopener noreferrer nofollow">summit</a> coincides with debates over <a href="https://www.ethnews.com/mica-and-its-impact-on-the-cryptofinancial-ecosystem-the-case-of-tether-under-the-regulatory-lens/" rel="noopener noreferrer nofollow">MiCA-like frameworks in the U.S.</a>, focusing on anti-money laundering (AML) rules for multi-chain reserves. Proponents of a BTC-centric reserve cite its proof-of-work (PoW) auditability and institutional custody infrastructure. Conversely, altcoin advocates highlight cross-chain interoperability and smart contract utility as strategic advantages.
Yakovenko reiterated that Solana’s validator network could adapt to federal reserve requirements but warned against conflating decentralized protocols with centralized monetary tools. ETHNews analysts <a href="https://www.ethnews.com/bitcoin-adoption-by-businesses-accelerates-as-institutions-embrace-crypto-reserves/" rel="noopener noreferrer nofollow">note</a> that BTC and ETH derivatives liquidity could stabilize a multi-asset reserve, while altcoins may introduce volatility.
As the summit approaches, stakeholders await clarity on asset selection criteria, custodial chain-of-control, and the role of decentralized oracles in reserve auditing.
The post <a href="https://www.ethnews.com/white-house-crypto-summit-to-deliberate-multi-chain-strategic-reserve-framework/" rel="noopener noreferrer nofollow">White House Crypto Summit to Deliberate Multi-Chain Strategic Reserve Framework</a> appeared first on <a href="https://www.ethnews.com" rel="noopener noreferrer nofollow">ETHNews</a>.

White House Crypto Summit to Deliberate Multi-Chain Strategic Reserve Framework

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