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.

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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.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.