Founder of Solana Listed by Trump: Crypto Reserves Could "Fail"! - Coin Bulletin

Solana Labs co-founder Anatoly Yakovenko said that the possible creation of a crypto reserve by the US would threaten decentralization, and stated that the best option is not to create any reserves.

Anatoly Yakovenko, co-founder of Solana Labs, argued on social media platform X that decentralization would fail if the government manages the reserves.

Therefore, he stated that not having a crypto reserve is the best option. If a reserve is inevitable, he argued that states should manage their own reserves. This could be a precaution against possible errors of the US Federal Reserve.

(# If there are measurable criteria, Solana adapts.

Yakovenko said that if a national crypto reserve is to be established, it must be based on "objectively measurable criteria". Yakovenko stated that these criteria should be transparent and logical for everyone, and expressed that the Solana ecosystem could comply with the established standards.

These remarks come amid debates about the proposed crypto strategic reserve by US President Donald Trump. The proposed reserve is planned to include major cryptocurrencies such as Bitcoin )BTC###, Ethereum (ETH), Solana (SOL), XRP, and Cardano (ADA). However, there are criticisms particularly that XRP and ADA are not at the same level as BTC and ETH in terms of decentralization and developer activity.

Expectations for more details to be shared on the subject at the first crypto summit at the White House, where Bitcoin's reserve structure could be treated differently from other altcoins, are being suggested.