Solana (SOL) Co-Founder Anatoly Yakovenko Opposed the Inclusion of His Network in Donald Trump's Crypto-Driven Federal Reserve

The quickest Layer-1 blockchain's inclusion in Donald Trump's crypto-driven federal reserve came as a surprise to many, including one of Solana's (SOL) founding members.

Donald Trump's administration is planning to include the quickest Layer-1 blockchain in a new crypto-driven federal reserve, according to an exclusive report by Blockware. The inclusion of a major cryptocurrency in the U.S. Strategic Reserve was met with mixed reactions, including from one of Solana's (SOL) founding members.

Known for his outspoken presence in the crypto sphere, Anatoly 'Toly' Yakovenko expressed his thoughts on the new development.

Solana's (SOL) Co-Founder: "No One Asked Me"

In an open thread on X with Crypto Journalist Laura Shin, Mr. Yakovenko lined up his preferred order of outcomes after the big news of a President-initiated crypto reserve is about to see the light of the day. Firstly, the Solana (SOL) co-founder explicitly stated that no reserve would be best in his opinion, in order to save the principles of decentralization.

"My reserve order of preference 1. No reserve, because if you want decentralization to fail you’d put the government in charge of it. Or states run their own reserve as a hedge against the fed making a mistake 3. Or if there has to be a reserve, it’s based on objectively...," began Mr. Yakovenko.

"If you want decentralization to fail you’d put the government in charge of it", – argues the outspoken Solana Labs co-founder, also considering two alternative scenarios. Either the United States (USA) government runs "their own reserve as a hedge against the FED making a mistake", or the requirements for the reserve are "objectively measurable".

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On top of that, the prominent crypto industry figure went on to decline any involvement or prior knowledge of Solana (SOL) getting the nod for the United States Strategic Reserve. "No one asked me, and I didn’t pitch it", even hinting that he wouldn't be against a Bitcoin-only crypto strategic reserve, if BTC is the only one to meet the applied standard.

"Solana is the fastest L1 and it’s used by millions. It would be a great choice but no one asked me and I didn’t pitch it. I’d be fine with them picking BTC if BTC is the only one to meet the standard they decide on.", added the outspoken crypto executive.

Meanwhile, Solana's (SOL) price reacted positively to the breaking crypto reserve news, scooping up to a new 7-day high of $178 on March 3, 2025. However, the #6 ranked crypto witnessed a $30 SOL price crunch in the following three days to put the altcoin back at $148 as of press time.

On The Flipside

What To Expect From Trump's Crypto Plans

The report by Blockware also mentioned that former President Donald Trump is planning to make several changes to the Federal Reserve. This will include the addition of a cryptocurrency-based asset to the U.S. Strategic Reserve.

The move comes amid increasing interest in cryptocurrencies and blockchain technology.

What Is Strategic Reserve?

The term "strategic reserve" refers to a stock of a valuable resource that is set aside for future use, typically in times of need or emergency. In the context of Donald Trump's administration planning to add a major cryptocurrency to the U.S. Strategic Reserve, it is likely referring to a government-held fund or investment portfolio.

This Strategic Reserve is used to fund critical government programs and services.

Why This Matters

A clear regulatory path could offset huge opportunities and unprecedented interest in blockchain technology, but it also puts crypto in a position to be more centralized than ever due to democratizing access with the government’s assistance.

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