Solana co-founder Anatoly Yakovenko has voiced opposition to the idea of a U.S. national cryptocurrency reserve, warning that government control could undermine decentralization. In a March 6 post on X, Yakovenko outlined his stance, stating his primary preference is for no reserve at all, as state control over digital assets could compromise the core principles of decentralization.
As an alternative, Yakovenko suggested that individual states could manage their own crypto reserves, arguing that this approach would serve as a hedge against potential Federal Reserve missteps. His third preference involved the establishment of objectively measurable criteria for any tokens included in a national reserve, ensuring rational justification for their selection. He noted that such requirements could be designed in a way that, at present, only Bitcoin qualifies but could evolve over time.
Yakovenko’s comments come in response to reports that Ripple allegedly advocated for Solana’s inclusion in the national reserve to legitimize XRP’s placement. He denied any involvement from Solana representatives, likening the notion to having an official Bitcoin representative.
The discussion follows U.S. President Donald Trump’s March 2 announcement that a working group on digital assets would establish a crypto strategic reserve. The initial list includes Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Cardano (ADA), and XRP (XRP).
Cardano founder Charles Hoskinson also denied prior knowledge of ADA’s inclusion in the reserve. He stated in a March 5 video that no Cardano representatives were consulted or invited to the upcoming White House crypto roundtable. Meanwhile, industry figures such as Ripple CEO Brad Garlinghouse, MicroStrategy’s Michael Saylor, Coinbase CEO Brian Armstrong, and Chainlink co-founder Sergey Nazarov are confirmed attendees at the summit, which is expected to shape discussions on the role of cryptocurrencies in national policy.