Solana's Founder Doesn't Want a U.S. Crypto Reserve

Despite SOL being floated as a likely inclusion, Anatoly Yakovenko isn't interested in a crypto reserve.

Subscribe to Bankless or sign in

Solana Solana co-founder Anatoly Yakovenko Anatoly Yakovenko has expressed skepticism over a proposed U.S. crypto strategic reserve, warning that it could undermine decentralization. He suggested that if a reserve is necessary, it should be based on clear, measurable requirements, and suggested that Solana could meet any such benchmarks.

What’s the Scoop?

  • Skeptical of U.S. Reserve: Yakovenko voiced concerns that a U.S. crypto strategic reserve might threaten decentralization, advocating for no reserve involvement.
  • State-Level Management: Yakovenko suggested that individual states could manage reserves to hedge against potential federal missteps.
  • Clear Criteria Necessary: If a national reserve is inevitable, Yakovenko emphasized the need for objectively measurable requirements that Solana could potentially fulfill.

0
0
Bankless

Written by Bankless

348 Articles View all      

It’s time to break up with your bank, and join the movement for a better world.

No Responses
Search Bankless