Anatoly Yakovenko, co-founder of Solana Labs, has voiced strong opposition to the establishment of a U.S. government-controlled cryptocurrency reserve, warning that such a move could undermine the principles of decentralization.
Yakovenko outlined his stance on the matter, stating that his primary preference is for no reserve at all, as government control could lead to the failure of decentralization. Alternatively, he proposed that individual states could manage their own reserves as a safeguard against potential errors by the Federal Reserve. If a national reserve is deemed necessary, Yakovenko advocates for it to be based on "objectively measurable requirements," ensuring that any included assets meet clear and rational criteria.
These comments come in response to President Donald Trump's recent announcement of a strategic crypto reserve that would include Bitcoin (BTC), Ether (ETH), XRP (XRP), Solana (SOL), and Cardano (ADA). The proposal has sparked debate within the crypto community, with concerns about the potential impact on decentralization and the criteria for asset inclusion.
Yakovenko emphasized that if measurable requirements are established for the reserve, the Solana ecosystem is prepared to meet those standards, highlighting the community's commitment to adaptability and compliance.
As discussions continue, the crypto industry awaits further details on the proposed reserve's structure and governance, particularly regarding how it will balance government oversight with the foundational decentralized ethos of blockchain technology.
