Solana Co-Founder Weighs In on Trump’s Bitcoin Reserve

Anatoly Yakovenko, co-founder of Solana, has shared his take on Donald Trump’s Executive Order (EO) concerning a strategic Bitcoin reserve.

He described the move as a “scalpel,” suggesting that it represents a well-defined, precise approach rather than broad and overly restrictive measures, signaling a possible shift toward clearer digital asset regulations.

Yakovenko sees the Executive Order as a step in the right direction for U.S. crypto regulation, calling for clarity around various aspects, including stablecoins and crypto banking.

However, while supporting the effort to regulate Bitcoin more clearly, he also expressed concerns about government overreach. Yakovenko questioned the idea of a central reserve, proposing that states should have the option to manage their own crypto reserves independently. This would avoid potential centralization risks from a federal reserve.

The proposal has raised varying opinions within the industry. Robert Kiyosaki, author of Rich Dad Poor Dad, believes that a Bitcoin reserve could strengthen the U.S. economy, pushing Bitcoin to new heights.

However, there is a contrasting view that such policies could pose a threat to traditional financial markets. Some warn that the rise of stablecoins and the growing influence of crypto could undermine established financial structures like Wall Street, shifting power to new sectors in Silicon Valley and beyond.