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

03/06 10:55

Wechat scan to share

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.

Comments

All Comments

Recommended for you

William Suberg · 03/18 01:49

Developer Consensus May Be Converging on a Bitcoin Soft Fork Proposal: Blockspace

For the first time in more than four years, Bitcoiners are moving forward with changes to the project's underlying software, Blockspace writes.
Coindesk · 03/17 08:50

Crypto Whale Shorts $445M in Bitcoin While Taking Bullish Bet on MELANIA Token, Hyperliquid Data Show

A group of traders looked to liquidate the giant short position in BTC but the operation failed, per observers.
Coindesk · 03/17 08:45

U.S. Treasury Secretary Bessent Calls Corrections Normal, Suggesting a Higher Pain Threshold for the 'Trump Put'

Bessent's take suggests that the "Trump put" may take longer to manifest or require more significant market declines before any action is taken.
Francisco Memoria · 03/17 06:43

Coinbase Stock Decline Can't Stop Highly Leveraged Long ETF Rollouts

The ETF allows investors to capitalize on the volatility of Coinbase's stock without directly holding shares.
Tom Mitchelhill · 03/17 06:40

How Bitdeer Is Transforming Bitcoin Mining Machines

The Singapore-based miner has big plans to shake up ASICs with a new design and a greater commitment to transparency.
Mint Blockchain · 03/17 06:36

MintID Holders Alert: Big Update on Staking Rules!

To ensure that MintID holders can manage their NFT assets more flexibly, starting from May 31, 2024, at 8:00 AM (UTC), all holders will be free to choose whether to continue staking their MintID or to unstake and retrieve their NFT.
PermaDAO · 03/17 06:36

Aolotto Dividend Mechanism Upgrade

Aolotto is a fully community-driven $1 on-chain lottery protocol, where 100% of profits are returned to the community. In Aolotto’s token model, 50% of protocol profits (equivalent to 20% of total sales) are allocated for holder dividends.
Mint Blockchain · 03/17 06:36

MintPool: Fully Participate in Staking & Restaking to Earn Generous Rewards.

With the official launch of the TGE event, Mint Blockchain’s $MINT Staking and Restaking mechanisms are the optimal choices for enhancing participation and maximizing returns.
Mint Blockchain · 03/17 06:36

$MINT Staking Guide: High-Yield Mining on Gate & Bitget — Don’t Miss Out!

With Mint Blockchain recently completing its TGE and initial token distribution, both Gate and Bitget exchanges have launched high-yield $MINT mining activities.
Mint Blockchain · 03/17 06:36

$MINT Staking & Restaking: Mechanism and Rewards Explained

As the Mint Blockchain Token Generation Event (TGE) approaches, the $MINT tokenomics and staking mechanism will provide users with diversified participation opportunities.