Will the US Create a National Crypto Reserve? This is What Anatoly Yakovenko Says!

Jakarta, Pintu News – Anatoly Yakovenko, co-founder of Solana, recently expressed his disapproval of President Trump’s plan to establish a national crypto reserve. According to Yakovenko, the idea goes against the principle of decentralization as it would place crypto assets under government control.

Yakovenko emphasized that decentralization will fail if the government controls the reserve. Yakovenko also added that if there is to be a crypto reserve, it should be based on objective and measurable criteria.

This is important to ensure that the project is fair and decentralization is maintained. Yakovenko even went so far as to favor state-run crypto reserves over national reserves, as these can be a bulwark in case of federal misconduct.

Check out the full news below!

Criticism of the National Crypto Reserve Plan

In a recent interview, Yakovenko strongly criticized the crypto reserve plan that will involve large tokens such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Cardano (ADA), and Solana (SOL).

The Solana founder emphasized that he was never consulted about Solana’s inclusion in the reserve. Yakovenko argues that such a reserve would only undermine the essence of crypto itself, which is decentralization.

According to Bitcoin Reserve Monitor, at least 26 states in the US have already proposed bills for a Bitcoin (BTC) strategic reserve.

This suggests that some states tend to adopt crypto on a more local scale, which supports Yakovenko’s view of state-run reserves.

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The White House Crypto Conference and the Dynamics Behind It

The upcoming Crypto Conference to be held at the White House on March 7 is in the spotlight.

Several prominent crypto figures such as Michael Saylor, Arjun Sethi of Kraken, Brad Garlinghouse of Ripple, and Brian Armstrong of Coinbase have confirmed their attendance.

However, Yakovenko has not confirmed whether he will attend the event. As crypto-journalist Laura Shin reported, Brad Garlinghouse has urged President Trump to include Solana in the crypto reserve to make Ripple’s (XRP) inclusion look more legitimate.

However, Yakovenko denied that he was involved in talks about Solana’s inclusion in the national crypto reserve when asked.

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Conclusion

Yakovenko’s opinion shows that there is a significant difference of opinion on how best to manage and integrate crypto in government policy.

Despite the proposal for a national crypto reserve, many questions remain about how it would be implemented without compromising the basic tenets of cryptocurrency. Would state crypto reserves be a better solution?

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Reference

• Crypto News. Solana Co-Founder Says No to Government-Run Crypto Reserve. Accessed on March 7, 2025
• Featured Image: Fortune