Solana co-founder Anatoly Yakovenko has voiced worries about the concept of a US national cryptocurrency reserve, contending that government intervention may jeopardize decentralization. Yakovenko made it clear that he opposes the planned crypto reserve even though Solana (SOL) is among the assets mentioned there.
Yakovenko expressed his opinion in a March 6 social media post, saying that his first choice is for the US to refrain from completely setting up a crypto reserve. He thinks that handing the government control over such an endeavor will eventually compromise the distributed character of cryptocurrencies.
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
Yakovenko’s second choice would be for various states to handle their crypto reserves instead of federal control should one reserve be established. He maintained that state authority may act as a barrier against possible Federal Reserve mismanagement.
President Trump revealed on March 2 that numerous cryptocurrencies would be included in a strategic reserve under the direction of the Working Group on Digital Assets. Among the chosen assets were XRP, Cardano (ADA), Solana (SOL), Bitcoin (BTC), and Ethereum (ETH).
Should a national reserve become inevitable, Yakovenko advised that it should at least include explicit, quantifiable criteria for the inclusion of assets. He said that the criteria might be set such that only Bitcoin fits, in line with the opinions of important business executives supporting a reserve just for Bitcoin. In the meantime, he stressed that criteria must be “rationally justified” and that the Solana ecosystem would try to meet them.
His remarks follow rumors claiming Ripple supported Solana’s inclusion on Trump’s reserve to give XRP credibility. Yakovenko adamantly denied any knowledge or lobbying activities when asked about Solana’s participation in the decision.
“What would a Solana representative be? Currently, it’s really like speaking with a Bitcoin salesperson. Nobody asked me, and I refrained from pitching it,” he said in response to conjecture.
Likewise, Charles Hoskinson, Cardano’s founder, asserted he had never heard about ADA’s inclusion on the reserve. He stated in a March 5 video that the project had not gotten an invitation to the forthcoming White House crypto roundtable and that no talks about Cardano’s engagement had taken place.
Although Hoskinson said he was not invited, numerous well-known crypto industry players—including MicroStrategy’s Michael Saylor, Coinbase’s Brian Armstrong, Chainlink’s Sergey Nazarov, and Ripple CEO Brad Garlinghouse—have attested to attending the forthcoming gathering.
Yakovenko’s resistance to government-owned crypto reserves draws attention to continuous discussions on the function of centralizing and regulating in the digital asset scene. It is still to be seen how legislators will handle crypto integration while juggling issues with decentralization as the debate goes on.
