News View Non-AMP

Solana Co-Founder Denies Pitching SOL for Trump’s Digital Asset Reserve, Did Ripple Pitch?

Published by
Anjali Belgaumkar

President Donald Trump’s recent executive order (EO) outlining new guidelines for managing digital assets like Bitcoin (BTC), XRP, Solana (SOL), ADA, and Ethereum (ETH) has raised several questions, especially regarding the inclusion of specific cryptocurrencies in the U.S. government’s reserves.

The EO establishes two main components: a strategic reserve dedicated to Bitcoin and a broader digital asset stockpile that includes other cryptocurrencies. Among the assets considered for this stockpile are XRP, SOL, ADA, and ETH. In the wake of these developments, Solana co-founder Anatoly Yakovenko has expressed concerns about the creation of such a reserve, especially regarding its potential impact on decentralization.

Solana Co-Founder’s Warning

Yakovenko recently addressed rumors suggesting that Ripple may have pitched SOL as part of the national reserve in a bid to make the inclusion of XRP more legitimate. Responding to these claims, Yakovenko clarified his position on reserves, stating his preference:

No Reserve: “If you want decentralization to fail, you’d put the government in charge of it.”

State-Controlled Reserves: He suggested that individual states should run their own reserves to act as a hedge against potential federal mistakes.

Objective Criteria for Reserves: If a reserve is necessary, Yakovenko argues it should be based on objective, measurable requirements that are rationally justified.

Yakovenko further stressed that the Solana ecosystem would be ready to meet any objective criteria set by a reserve, even if it means focusing on Bitcoin for now. When questioned about whether Solana representatives had pitched SOL for inclusion in the reserve while Ripple pushed for XRP’s inclusion, Yakovenko humorously responded, “What’s a Solana representative? At this point, it’s honestly like saying a Bitcoin representative. No one asked me, and I didn’t pitch it.”

Anjali Belgaumkar

Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.

Recent Posts

BONK Price Prediction 2025, 2026 – 2030: Will BONK Price Hit $0.00010?

Story Highlights The live price of the BONK token is BONK coin price may reach…

April 28, 2025

Congress Struggles to Meet Trump’s August Deadline for U.S. Crypto Regulation

As lawmakers return to Capitol Hill after a two-week recess, crypto legislation is at the…

April 28, 2025

Coinbase Pushes SEC to Lift Crypto Ban on Staff for Effective Regulation

Coinbase is requesting the SEC to remove the ban on staff buying, selling, or using…

April 28, 2025

Melania Meme Token Team Quietly Sells $1.5M—Is More Selling Coming Soon?

Official Melania Meme token (MELANIA) has been making waves lately as its team quietly cashes…

April 28, 2025

Top Crypto-Tax Free Countries to Maximize Your Gains in 2025

As crypto prices soar in 2025, many investors are eager to cash out without handing…

April 28, 2025

Strategy Acquires 15,355 BTC, Achieves 13.7% Yield in 2025

As of April 27, 2025, Strategy has acquired 15,355 BTC for approximately $1.42 billion, at…

April 28, 2025