Solana co-founder prefers ‘no reserve’ despite SOL inclusion
Solana co-founder Anatoly Yakovenko opposes a US national crypto reserve, warning that government control could undermine decentralization.
Solana co-founder and CEO Anatoly Yakovenko said he would prefer no US crypto reserve, citing the risks to decentralization if a government was in charge.
On March 6, Yakovenko posted on X, sharing the order of his preferences regarding a US reserve of cryptocurrencies. The Solana co-founder said his No. 1 preference would be having no reserve because putting the government in charge may cause decentralization “to fail.”
Yakovenko said his second preference was for states to run their own crypto reserves. The Solana CEO said this could act as a hedge against the Federal Reserve making a mistake.
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Author: Ezra Reguerra
