Solana co-founder Anatoly Yakovenko has raised concerns over the U.S. government’s plans to establish a national crypto reserve, warning that government control could compromise decentralization. Yakovenko shared his preference for no such reserve, stating that state-level reserves might be a better alternative to hedge against federal financial missteps.
The proposal for a national crypto reserve, announced by former President Donald Trump, includes digital assets like Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA). Yakovenko emphasized that any criteria for inclusion should be objective and measurable, potentially favoring Bitcoin under strict conditions.
Reports suggest Ripple may have pushed for Solana’s inclusion to validate XRP’s selection, a claim Yakovenko dismissed, stating he was never consulted on the matter. He likened the idea of a Solana representative pitching to the government as unrealistic, comparing it to someone representing Bitcoin.
Cardano founder Charles Hoskinson similarly denied knowledge of ADA’s inclusion, revealing that Cardano representatives were not invited to an upcoming White House crypto roundtable. Meanwhile, key industry figures such as Ripple’s Brad Garlinghouse and Coinbase’s Brian Armstrong are expected to attend.
