Anatoly Yakovenko, co-founder of Solana (SOL), has expressed opposition to the idea of the US establishing a crypto strategic reserve.
Yakovenko took to the social media platform X to explain why he does not support Donald Trump’s decision to create a national reserve of digital assets, a move aimed at making the US 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 expressed his concerns after Trump announced that the reserve would include Bitcoin (BTC), Solana, Ethereum (ETH), XRP, and Cardano (ADA).
Yakovenko clarified that he did not advocate for SOL to be part of the reserve, amidst reports that Ripple suggested Solana’s inclusion to enhance the legitimacy of XRP as a reserve asset.
“No one asked me, and I didn’t pitch it.”
According to David Sacks, the White House AI and crypto czar, Trump signed an executive order to establish a Strategic Bitcoin Reserve and create a U.S. Digital Asset Stockpile comprising crypto assets, excluding Bitcoin, that were confiscated in legal proceedings.
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