Solana Co-Founder Rejects U.S. Crypto Reserve Amid Ripple Controversy

Solana co-founder Anatoly Yakovenko has voiced strong opposition to the idea of a U.S. government-controlled crypto reserve, arguing that such a move would undermine decentralization.

His remarks come amid speculation that Ripple pushed for Solana’s inclusion in a proposed national reserve to support XRP’s case.

Yakovenko maintains that the best course of action is for the government to avoid managing a strategic crypto reserve altogether. If such a reserve is inevitable, he suggests that individual states, rather than federal authorities, should oversee their own reserves as a safeguard against potential missteps by the Federal Reserve. He also stresses that any selection of assets should follow clear and objective criteria, even if that ultimately favors Bitcoin.

His statement follows reports that Ripple allegedly lobbied for Solana’s inclusion to lend credibility to XRP’s role in the reserve, a revelation that has sparked debate over the influence of corporate interests in shaping crypto policy. The dispute has further fueled tensions between XRP supporters and Bitcoin advocates, who have long opposed XRP’s participation in any government-backed reserve.

As the U.S. Crypto Summit approaches, the conversation around national crypto reserves is gaining momentum. Set for March 8, the event will bring together President Trump, lawmakers, and industry leaders to discuss the future of digital assets.

Trump’s recent proposal to include XRP, Solana, and Cardano in a strategic reserve has already stirred controversy, raising concerns about regulatory control and decentralization. Adding to the intrigue, Trump’s family-linked venture, World Liberty Financial, recently invested $20 million in Bitcoin and Ethereum, fueling speculation that major announcements could be on the horizon at the summit.