Solana (SOL) co-founder Anatoly Yakovenko opposes the idea of the US establishing a crypto strategic reserve.
In a post on the social media platform X, Yakovenko cites why he does not support Donald Trump’s decision to create a national reserve of digital assets, a move that the President says will ensure the US becomes the “crypto capital of the world.”
“My reserve order of preference:
No reserve, because if you want decentralization to fail you’d put the government in charge of it.
Or states run their own reserve as a hedge against the Fed making a mistake.
Or if there has to be a reserve, it’s based on objectively measurable requirements. I don’t care what they are, they can even be constructed such that only Bitcoin satisfies them right now, they just must be objectively measurable and rationally justified. If there is a target to beat, the Solana ecosystem will get it done.”
Yakovenko shares his concern following Trump’s statement that in addition to Bitcoin (BTC), the reserve will include Solana, Ethereum (ETH), XRP and Cardano (ADA).
Yakovenko says he did not ask SOL to be part of the reserve amid reports that the blockchain payments firm Ripple pitched Solana’s inclusion to bolster the legitimacy of XRP as a reserve asset.
“No one asked me, and I didn’t pitch it.”
According to White House AI and crypto czar David Sacks, Trump signed an executive order on Thursday to establish a Strategic Bitcoin Reserve and create a U.S. Digital Asset Stockpile consisting of crypto assets, excluding Bitcoin, that were forfeited in criminal or civil proceedings.
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