Solana CEO Prefers No US Crypto Reserve, Citing Risks to Decentralization

03/06 10:55

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Solana co-founder and CEO Anatoly Yakovenko expressed his preference for not having a US crypto reserve, as he believes it could jeopardize decentralization if the government were in control. Yakovenko shared his preferences regarding a US reserve of cryptocurrencies on March 6, stating that his top choice would be to have no reserve to prevent potential decentralization failure. His second preference was for states to manage their own crypto reserves as a safeguard against mistakes by the Federal Reserve. Yakovenko also called for objective and measurable requirements to be imposed on tokens included in a national reserve, emphasizing the need for rational justification. The comments were made in response to reports suggesting that Ripple had pushed for Solana to be included in Trump's crypto reserve to lend legitimacy to XRP's inclusion.

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