Solana

Digital Reserve Currency

Solana co-founder and CEO Anatoly Yakovenko has expressed strong opposition to the idea of a U.S. government-controlled cryptocurrency reserve, warning that it could undermine decentralization.In a March 6<a href="https://x.com/aeyakovenko/status/1897517764119830775" rel="noopener noreferrer nofollow"> post on X</a>, Yakovenko outlined his stance, emphasizing that his top preference is no national crypto reserve. He argued that placing the government in control could lead to a failure of decentralization, a fundamental principle of the crypto industry.He suggested that individual U.S. states could manage their reserves as an alternative. He said this would safeguard against potential missteps by the Federal Reserve. If a national reserve were to be established, his third option would be implementing objective, rationally justified criteria for selecting which cryptocurrencies are included. He noted that such standards could be designed so that only Bitcoin currently meets the requirements but added that the Solana ecosystem would strive to meet them if necessary.Yakovenko commented on speculation regarding Solana&#39;s potential inclusion in a U.S. crypto strategic reserve. On March 2, President Donald Trump <a href="https://defi-planet.com/2025/03/trump-announces-u-s-crypto-strategic-reserve-sparks-market-rally/" rel="noopener noreferrer nofollow">announced</a> that Solana (SOL), Bitcoin (BTC), Ethereum (ETH), XRP, and Cardano (ADA) would be part of the initiative. Anonymous <a href="https://x.com/laurashin/status/1897432710643134942" rel="noopener noreferrer nofollow">reports</a> suggested that Ripple advocated for Solana&#39;s inclusion to enhance the legitimacy of XRP&#39;s selection.Addressing these claims, Yakovenko<a href="https://x.com/aeyakovenko/status/1897518790596026510" rel="noopener noreferrer nofollow"> denied</a> any involvement in lobbying for Solana’s addition to the reserve.<blockquote>“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,”</blockquote>he stated on social media.Cardano founder Charles Hoskinson <a href="https://x.com/IOHK_Charles/status/1897439309638340993" rel="noopener noreferrer nofollow">stated</a> he was unaware of ADA&#39;s inclusion in a recent announcement and had not been consulted by Trump. He also revealed that Cardano was not invited to the upcoming White House crypto roundtable. In contrast, several notable figures from the crypto industry, including Ripple CEO Brad Garlinghouse, MicroStrategy&#39;s Michael Saylor, Coinbase CEO Brian Armstrong, and Chainlink co-founder Sergey Nazarov, are <a href="https://x.com/EleanorTerrett/status/1896966911721607536" rel="noopener noreferrer nofollow">expected</a> to attend the meeting.If you want to read more news articles like this, visit <a href="https://defi-planet.com/" rel="noopener noreferrer nofollow">DeFi Planet</a> and follow us on <a href="https://twitter.com/PlanetDefi" rel="noopener noreferrer nofollow">Twitter</a>, <a href="https://www.linkedin.com/company/defi-planet/" rel="noopener noreferrer nofollow">LinkedIn</a>, <a href="https://www.facebook.com/DeFi-Planet-129907662611402" rel="noopener noreferrer nofollow">Facebook</a>, <a href="https://www.instagram.com/defi.planet/" rel="noopener noreferrer nofollow">Instagram</a>, and <a href="https://coinmarketcap.com/community/profile/DeFiPlanet/" rel="noopener noreferrer nofollow">CoinMarketCap Community.</a>&#34;Take control of your crypto portfolio with MARKETS PRO, DeFi Planet&#39;s suite of analytics tools.”

Solana Co-founder Opposes US Crypto Reserve, Citing Decentralization Risks

DeFi Planet

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