Solana Co-founder: "US Cryptocurrency Stockpiling Will Lead to Decentralization Failure"

Solana co-founder Anatoly Yakovenko has expressed opposition to the United States stockpiling cryptocurrencies.

On the 6th, Yakovenko stated via X, "If the government manages cryptocurrencies, decentralization will fail," adding that "the best approach is not to stockpile (cryptocurrencies)." Yakovenko further noted, "Alternatively, state governments (instead of the federal government) could stockpile cryptocurrencies as a hedge against Federal Reserve policy mistakes."

Yakovenko emphasized that clear criteria are needed when selecting specific cryptocurrencies as strategic assets. "If stockpiling is absolutely necessary, it must be based on objectively measurable criteria," he said, adding that "(the criteria) must be objectively measurable and reasonably justifiable." He continued, "It's acceptable to set criteria that currently only Bitcoin can meet," and stated, "Once the criteria are established, the Solana ecosystem will achieve them."