- Solana co-founder Anatoly Yakovenko argues against a government-controlled crypto reserve.
- He suggests states should manage their own reserves or any reserve should follow clear, objective criteria.
- The White House’s first Crypto Policy Summit on Friday may reveal further details on the proposed reserve.
Crypto journalist Laura Shin reported that Ripple sought to include Solana (SOL) in a proposed U.S. government digital asset reserve to legitimize XRP’s potential inclusion. The claim surfaced after President Donald Trump announced plans for a government-backed digital asset reserve on Truth Social.
Sources told Shin, Ripple positioned Solana as a candidate to support its own case. However, Solana’s co-founder Anatoly Yakovenko dismissed the idea, stating, “No one asked me, and I didn’t pitch it.”
Yakovenko’s statement stressed that no “Solana representative” pitched the idea of SOL inclusion in the proposed U.S. reserve.
He also shared strong disagreement with a national crypto reserve, mentioning centralized control. He warned that giving the government control of crypto reserves could weaken decentralization, a key idea of blockchain technology.
Solana Founder Rejects National Crypto Reserve
“If you want decentralization to fail, you’d put the government in charge of it,” Yakovenko stated. Instead, he suggested states could establish their own reserves as a safeguard against potential missteps by the Federal Reserve.
He argued that if a federal reserve must exist, its structure should be based on clear, objective requirements. “I don’t care what they are, they just must be objectively measurable and rationally justified,” he added.
Related: Bitcoin Soars Above $90k After Lutnick Confirms Trump’s Strategic Reserve Plan
Reserve Composition Remains Uncertain
The announcement about the reserve continues to cause discussion over which cryptocurrencies will be included. Commerce Secretary Howard Lutnick suggested Bitcoin would be first, saying, “A Bitcoin strategic reserve is something the President’s interested in.”
He added that while other tokens might be included, they would be “treated differently, positively, but differently.”
Related: Garlinghouse Heads to White House Crypto Summit: XRP’s Role in Trump’s US Reserve in Focus
Industry Awaits White House Crypto Summit
The industry is now awaiting Friday’s Crypto Policy Summit at the White House, where officials are expected to provide further details.
Key questions remain about whether significant allocations of assets beyond BTC and ETH will be included and what criteria will determine participation.
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