{"id":37937,"date":"2025-03-06T16:00:07","date_gmt":"2025-03-06T13:00:07","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=37937"},"modified":"2025-03-06T14:54:42","modified_gmt":"2025-03-06T11:54:42","slug":"solana-co-founder-expresses-skepticism-towards-trumps-crypto-reserve","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/solana-co-founder-expresses-skepticism-towards-trumps-crypto-reserve\/","title":{"rendered":"Solana Co-Founder Expresses Skepticism Towards Trump&#8217;s Crypto Reserve"},"content":{"rendered":"<p><strong>Solana co-founder Yakovenko<\/strong> opposes the <a href=\"https:\/\/coinengineer.net\/blog\/mt-gox-moves-large-amount-of-bitcoin-overnight\/\"><strong>US national crypto reserve<\/strong><\/a>, stating that government control could weaken decentralization.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/solana-co-founder-expresses-skepticism-towards-trumps-crypto-reserve\/#Solana_Co-Founder_Decentralization_is_at_Risk\" title=\"Solana Co-Founder: Decentralization is at Risk\">Solana Co-Founder: Decentralization is at Risk<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/solana-co-founder-expresses-skepticism-towards-trumps-crypto-reserve\/#Yakovenko_and_Hoskinson_Deny_Involvement_in_Crypto_Reserve_Inclusion\" title=\"Yakovenko and Hoskinson Deny Involvement in Crypto Reserve Inclusion\">Yakovenko and Hoskinson Deny Involvement in Crypto Reserve Inclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 data-start=\"0\" data-end=\"50\"><span class=\"ez-toc-section\" id=\"Solana_Co-Founder_Decentralization_is_at_Risk\"><\/span>Solana Co-Founder: Decentralization is at Risk<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"52\" data-end=\"235\"><strong>Solana co-founder and CEO Anatoly Yakovenko<\/strong> stated that a <strong>US crypto reserve<\/strong> controlled by the government could threaten decentralization, arguing that such a reserve should not exist.<\/p>\n<p data-start=\"237\" data-end=\"463\">On March 6, <strong>Yakovenko<\/strong> shared his preferences regarding the<strong> US crypto reserve<\/strong> on the X platform. He explained that his top preference was no reserve at all, as government control could lead to the &#8220;failure&#8221; of decentralization.<\/p>\n<p data-start=\"465\" data-end=\"654\"><strong>Yakovenko\u2019s second preference<\/strong> was for states to manage their own crypto reserves. The<strong> Solana CEO<\/strong> stated that this could serve as insurance against potential mistakes by the Federal Reserve.<\/p>\n<p data-start=\"656\" data-end=\"823\">On March 2, <strong>US President Donald Trump<\/strong> announced that digital assets such as<strong> XRP, Solana, Cardano, Bitcoin, and Ether would be included in the crypto strategic reserve.<\/strong><\/p>\n<p data-start=\"825\" data-end=\"986\"><strong>Solana co-founder Anatoly Yakovenko<\/strong> also advocated for measurable requirements for crypto reserves, suggesting that only Bitcoin currently meets these standards.<\/p>\n<p data-start=\"988\" data-end=\"1314\">He emphasized that these requirements should be<strong> &#8220;rationally justified&#8221;<\/strong> and noted that the <strong>Solana ecosystem<\/strong> could meet these goals. These comments were made in response to reports suggesting that Ripple had proposed Solana for inclusion in Trump\u2019s crypto reserve, believing it would make XRP&#8217;s inclusion &#8220;seem more legitimate.&#8221;<\/p>\n<h2 data-start=\"1316\" data-end=\"1388\"><span class=\"ez-toc-section\" id=\"Yakovenko_and_Hoskinson_Deny_Involvement_in_Crypto_Reserve_Inclusion\"><\/span>Yakovenko and Hoskinson Deny Involvement in Crypto Reserve Inclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"1390\" data-end=\"1688\">When asked on social media whether <strong>Solana<\/strong> representatives had proposed SOL\u2019s inclusion in the national crypto reserve, Yakovenko denied it. He wrote, &#8220;What\u2019s a Solana representative? Honestly, at this point, it\u2019s like talking about a Bitcoin representative. No one asked me, and I didn\u2019t pitch it.&#8221;<\/p>\n<p data-start=\"1690\" data-end=\"1846\">Similarly, <strong>Cardano founder Charles Hoskinson<\/strong> also stated that he was not aware of Cardano\u2019s token being included in the reserve before Trump\u2019s announcement.<\/p>\n<p data-start=\"1848\" data-end=\"2049\">In a video on March 5, <strong>Hoskinson<\/strong> said no one had talked to them about ADA\u2019s inclusion. He also mentioned that Cardano representatives had not been invited to the upcoming <strong>White House crypto roundtable.<\/strong><\/p>\n<p data-start=\"2051\" data-end=\"2333\" data-is-last-node=\"\" data-is-only-node=\"\"><strong>Although Hoskinson<\/strong> claimed not to have received an invite, several crypto executives, including B<strong>rad Garlinghouse from Ripple, Michael Saylor from Strategy, Brian Armstrong from Coinbase, Sergey Nazarov from Chainlink<\/strong>, and many others, have confirmed their attendance at the summit.<\/p>\n<hr \/>\n<p data-start=\"2051\" data-end=\"2333\" data-is-last-node=\"\" data-is-only-node=\"\">\n","protected":false},"excerpt":{"rendered":"<p>Solana co-founder Yakovenko opposes the US national crypto reserve, stating that government control could weaken decentralization. Solana Co-Founder: Decentralization is at Risk Solana co-founder and CEO Anatoly Yakovenko stated that a US crypto reserve controlled by the government could threaten decentralization, arguing that such a reserve should not exist. On March 6, Yakovenko shared his<\/p>\n","protected":false},"author":29,"featured_media":37939,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[12335,319,12478,12477,506],"class_list":["post-37937","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-genel","tag-crypto-summit","tag-solana","tag-solana-co-founder-yakovenko","tag-us-national-crypto-reserve","tag-xrp"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Solana Co-Founder Expresses Skepticism Towards Trump&#039;s Crypto Reserve - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/solana-co-founder-expresses-skepticism-towards-trumps-crypto-reserve\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Solana Co-Founder Expresses Skepticism Towards Trump&#039;s Crypto Reserve - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Solana co-founder Yakovenko opposes the US national crypto reserve, stating that government control could weaken decentralization. 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