Crypto Reserve In The USA? The Founder Of Solana Says No... But Sets His Conditions

Anatoly Yakovenko, co-founder of Solana, expressed his skepticism about the idea of a strategic crypto reserve in the United States, fearing for the decentralization of the sector. However, he remains open to objective criteria should such a reserve come to fruition.

The founder of Solana refuses a federal crypto reserve

Anatoly Yakovenko took a position on Thursday on the social network X regarding the strategic crypto reserve mentioned by the Trump administration. The co-founder of Solana clearly prioritized his preferences, placing the total absence of a reserve at the top.

” If you want decentralization to fail, you will entrust its management to the government “, he stated, emphasizing his distrust of any state involvement in the crypto ecosystem.

In the face of this proposal that could potentially include bitcoin, Ethereum, Solana, XRP, and Cardano, Yakovenko proposes an alternative: allowing U.S. states to manage their own reserves instead of entrusting this responsibility to the federal government. According to him, this approach would serve as a “protection against the Fed’s mistakes” and would further preserve the independence of the sector.

If a national reserve were to be created despite everything, the co-founder of Solana believes it should be based on “objectively measurable and rationally justified requirements”. With a hint of confidence, he asserts that “no matter what criteria are established, the Solana ecosystem will make it happen“, even if these criteria initially favored only bitcoin.

A debate dividing the industry in a difficult context for Solana

The proposal for a strategic crypto reserve by the Trump administration is generating mixed reactions. Some see it as an opportunity to accelerate regulatory clarity and foster the approval of ETFs for cryptos like XRP and SOL. Others criticize the selection of included assets or denounce the politicization of this reserve.

The crypto summit on March 7 at the White House will outline the details of this strategic reserve. According to Howard Lutnick, Secretary of Commerce, Donald Trump remains convinced of the need for a bitcoin reserve, but his administration is still working on the specific treatment of altcoins like Solana, XRP, and Cardano.

This stance by Yakovenko comes at a particularly delicate time for Solana, which has recently suffered a massive capital loss.

In February 2025, the blockchain recorded capital outflows reaching 485 million dollars, primarily towards Ethereum, Arbitrum, and the BNB chain. Scandals related to memecoins on Solana and the record hack of Bybit have exacerbated investors’ risk aversion, who now prefer assets considered safer.