Anatoly Yakovenko, the co-founder and CEO of Solana, has expressed concerns about the proposed idea of a U.S. national crypto reserve, despite Solana (SOL) being included in the list of digital assets under consideration. In a Twitter post on March 6, Yakovenko shared his opposition to the concept of a national cryptocurrency reserve, citing the potential risks to decentralization. He argued that government control could undermine the fundamental principles of decentralization, a core value for the crypto community. Yakovenko’s preference, according to his post, is that no government should have control over a cryptocurrency reserve.
State-Controlled Reserves as an Alternative
Yakovenko presented an alternative to the federal government control, suggesting that individual states could manage their own crypto reserves. This approach, he noted, could act as a hedge against potential mistakes made by the Federal Reserve, providing greater flexibility and minimizing centralized control over digital assets. Yakovenko emphasized that a decentralized approach would be far better for the crypto ecosystem in the long run.
The discussion comes in the wake of a controversial announcement from former U.S. President Donald Trump, who revealed on March 2, 2025, that XRP, Bitcoin (BTC), Ether (ETH), and Cardano (ADA), along with Solana (SOL), would be included in a U.S. strategic crypto reserve. The move has sparked debate within the crypto community, with many questioning the role of government in managing such reserves.
In response to claims that Ripple had pitched Solana to improve XRP’s legitimacy within the reserve, Yakovenko denied any involvement. His comments have ignited further discussions about the future role of governments in cryptocurrency regulation and control.
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