Anatoly Yakovenko is the co-founder and CEO of Solana. He joined other prominent industry figures who were against Donald Trump’s proposed creation of a National Crypto Reserve, which would consist of Bitcoin and four of the most popular altcoins.
The X Post by Yakovenko stated that in his Thursday remarks. “order of preference” There would be “no reserve.”
“If you want decentralization to fail you’d put the government in charge of it,” Yakovenko stated in a tweet.
This post follows President Trump Sunday that the U.S. Treasury's crypto reserve will hold Bitcoin, Ether, XRP, Solana and Cardano. In January, the Treasury was authorized to create the stockpile of digital assets. However, the exact composition of this reserve remained unknown until the beginnings last week.
The presence of altcoins has sparked a fierce debate with the industry’s most prominent figures saying that the reserve should focus strictly on Bitcoin or It is a total opposition.
Trump became a crypto enthusiast during the campaign of 2024, which was supported by a majority in the industry.
Yakovenko, in his blog post, took a less extreme stance than his peers on the issue of crypto reserves, suggesting that there are two other alternatives to an American digital asset stockpile.
He suggested in one of his proposals that states create their own reserves “as a hedge” The U.S. Central Bank “making a mistake.”
The U.S. government should not use the crypto reserves they plan to establish. “objectively measurable requirements” Determine which tokens should be included in the stockpile.
“I don’t care what [the requirements] are, they can even be constructed such that only bitcoin satisfies them right now,” Yakovenko has written. “They just must be objectively measurable and rationally justified.”
If a strategic reserve included such requirements, Solana would be capable of meeting them, Yakovenko said in the post.
Yakovenko also responded Thursday to an X post from crypto journalistLaura Shin, clarifying that he had not advocated for the token's inclusion in the U.S.’ crypto reserve.
CoinGecko reports that Solana has been trading for the past few days at $143.40. This is about flat over the previous 24 hours. shows. Cardano and XRP, the other cryptos that were in reserve, have been mixed. Cardano has recently risen but XRP is down.
James Rubin, Editor
