Solana Advocates Decentralization Amid Ripple Crypto Reserve Speculation

• Solana co-founder denies proposal.
• Trump's digital reserve under debate.
• Rumors of reservation with Ripple.

US President Donald Trump’s recent executive order regarding new guidelines for the management of digital assets has reignited the debate over the inclusion of specific cryptocurrencies in the US government’s reserves. Amid speculation and rumors, the co-founder of blockchain Solana , Anatoly Yakovenko, came out publicly to clarify his position and deny any proposal to include SOL in the reserve.

On March 6, Trump signed an executive order authorizing the creation of a strategic Bitcoin reserve, putting the leading cryptocurrency at the forefront of government digital asset policy. The announcement was made by David Sacks, the 'Crypto Czar', who highlighted a significant step in the institutional adoption of cryptocurrencies by the US government. Sacks reported that the decision to form the reserve will not impact the budget of American taxpayers.

Trump’s executive order establishes two main components: a strategic reserve focused on Bitcoin, as well as a digital asset stockpile, which includes other cryptocurrencies such as XRP, Solana (SOL), Cardano (ADA) and Ethereum (ETH). This division has raised questions about the criteria for selecting the assets and the potential impact on market decentralization.

In response to rumors that Ripple may have suggested including SOL in the reserve to legitimize the presence of its native token, XRP, Yakovenko expressed concern about the creation of federally controlled reserves. He argued that if reserves are necessary, they should be managed by individual states as a safeguard against potential federal missteps.

“My order of reserve preferences is 1. No reserve, because if you want decentralization to fail, you would put the government in charge of it. 2. Either the states manage their own reserve as a hedge against Fed mistakes. 3. Or if there is to be a reserve, it is based on objectively measurable requirements. It doesn’t matter what they are, they can even be constructed in such a way that only bitcoin satisfies them now, they just need to be objectively measurable and rationally justified. If there is a goal to be met, the Solana ecosystem will meet it.” wrote .

Yakovenko's statement highlights concerns about the centralization of power in the hands of the federal government and the importance of transparent and objective criteria for the management of digital assets.