Solana in the US Crypto Stockpile? This SOL Founder Prefers ‘No Reserve’

Solana co-founder Anatoly Yakovenko joined a chorus of prominent crypto industry leaders who have taken issue with U.S. President Donald Trump’s proposal to create a national crypto reserve that would be composed of bitcoin and four leading altcoins. 

In an X post on Thursday, Yakovenko said that in his “order of preference” there would be “no reserve.”

“If you want decentralization to fail you’d put the government in charge of it,” Yakovenko said in the tweet. 

The post comes after President Trump announced Sunday that the U.S. Treasury’s crypto reserve will hold Bitcoin, Ether, XRP‌, Solana and Cardano. The Treasury received authorization to establish the digital asset stockpile in January, but the composition of the reserve had remained unclear until earlier this week. 

The presence of altcoins has sparked a fierce debate with  the industry’s most prominent figures saying that the reserve should focus strictly on Bitcoin or opposing it altogether. 

The industry overwhelmingly supported Trump, who became a strong crypto advocate during the 2024 campaign.

In his post, Yakovenko took less of a hardline stance on the crypto reserve issue than some of his peers, suggesting two alternatives to a U.S. digital assets stockpile. 

In one proposal, he suggested that the states form their own reserves “as a hedge” against the U.S. central bank “making a mistake.”

But he noted, if U.S. officials go ahead with their plans to create a federal crypto reserve, they should use “objectively measurable requirements” to determine which tokens merit inclusion in the stockpile. 

“I don’t care what [the requirements] are, they can even be constructed such that only bitcoin satisfies them right now,” Yakovenko wrote. “They just must be objectively measurable and rationally justified.”

If a strategic reserve  included such requirements, Solana would be capable of meeting them, Yakovenko said in the post. 

Yakovenko also responded Thursday to an X post from crypto journalistLaura Shin, clarifying that he had not advocated for the token’s inclusion in the U.S.’ crypto reserve. 

Solana was recently trading at $143.40, roughly flat in the past 24 hours, CoinGecko data shows. Other cryptos in the reserve were mixed with XRP recently rising but Cardano down.

Edited by James Rubin