Solana’s Anatoly Yakovenko is not a fan of a US-backed crypto reserve. The co-founder and CEO believes government involvement could undermine decentralization, making it his top reason for rejecting the idea.
On March 6, Yakovenko posted on X, ranking his preferences for how a US crypto reserve should be structured—if it has to exist at all.
- Best option? No reserve at all.
- Second best? Let individual states manage their own reserves. This, he says, would serve as a hedge against Federal Reserve missteps.
- Third option? A strict, measurable standard for reserve inclusion. Yakovenko suggested that Bitcoin would likely be the only asset to meet the criteria at first—but emphasized that if there’s a target, the Solana ecosystem will reach it.
Trump’s Crypto Reserve Faces Pushback
The backlash comes just days after Donald Trump announced that his Working Group on Digital Assets had been instructed to include XRP, Solana (SOL), Cardano (ADA), Bitcoin (BTC), and Ethereum (ETH) in a national crypto strategic reserve.
Rumors then surfaced that Ripple allegedly lobbied for Solana’s inclusion to make XRP seem more legitimate—a claim Yakovenko flat-out denied:
“What’s a Solana representative? At this point, it’s honestly like saying a Bitcoin representative. No one asked me, and I didn’t pitch it.”
Cardano’s Charles Hoskinson also distanced himself from Trump’s reserve plans, stating that nobody consulted him about ADA’s inclusion. He also revealed that Cardano representatives were not invited to the upcoming White House crypto roundtable—an event that Ripple’s Brad Garlinghouse, Coinbase’s Brian Armstrong, and MicroStrategy’s Michael Saylor are expected to attend.
What’s Next?
With crypto leaders split on the US reserve, all eyes are on Trump’s March 7 summit. Will it boost the market—or expose deep rifts in the industry?
