Solana co-founder Anatoly Yakovenko has taken a strong stance against the idea of a US Strategic Crypto Reserve. He argues that government control over digital assets could undermine decentralization. Notably, his statement follows reports that Ripple allegedly pitched Solana (SOL) as part of a national reserve to justify XRP’s inclusion.
This debate unfolds just ahead of the US Crypto Summit on March 8, an event gaining traction after Donald Trump’s recent crypto policy remarks.
Solana Co-founder Anatoly Yakovenko On US Strategic Reserve
Anatoly Yakovenko recently shared his views on X, listing his preference for handling a strategic reserve. Yakovenko strongly believes the best approach is to have no reserve at all. According to the Solana co-founder, government oversight of crypto could spell disaster for decentralization, contradicting the core principles of blockchain technology.
However, as a secondary option, he suggests that individual states, rather than the federal government, could manage their own Strategic Reserves. This, he believes, would act as a hedge against potential mistakes by the US Federal Reserve.
Meanwhile, if a US Strategic reserve is inevitable, Yakovenko emphasizes that it should be based on measurable and rational criteria. He points out that such benchmarks could even favor Bitcoin, but stresses the need for objectivity.
Ripple’s Alleged Push For SOL in US Reserve
Anatoly Yakovenko’s statement comes in response to a recent report alleging that Ripple promoted Solana’s inclusion in the US Strategic Reserve. According to sources, the move was an attempt to make XRP’s inclusion seem more legitimate. This revelation has sparked debate within the crypto community, raising concerns about lobbying efforts in shaping national crypto policies.
With Ripple’s ongoing legal battles and its push for regulatory clarity, the company’s reported strategy is drawing mixed reactions. Some see it as a practical approach to gaining government recognition, while others argue it could lead to favoritism in the crypto space.
Besides, the Solana co-founder’s comment also comes amid heating momentum between XRP community and Bitcoin maxis. The BTC advocates have long countered XRP’s inclusion in the US Strategic Reserve, criticizing Ripple and its executives of lobbying efforts.
US Crypto Summit In Focus
The discussion around a US Strategic Crypto Reserve gains momentum as the US Crypto Summit approaches. Scheduled for Friday, the event is expected to bring together President Trump, policymakers, industry leaders, and analysts to discuss the future of digital assets in the country.
Meanwhile, Trump’s recent proposal to include SOL, XRP, and Cardano (ADA) in a national reserve has already stirred controversy. While his stance signals potential government support for crypto, it also raises questions about the implications for decentralization and regulatory oversight.
Besides, the summit further gained traction as Donald Trump’s family project World Liberty Financial betted $20 million on Bitcoin and Ethereum recently. While some deem this a regular accumulation process, many market watchers anticipate something big to come at tomorrow’s US Crypto Summit.
Rupam Roy
Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam’s expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news.
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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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