Crypto Chaos: Solana’s Co-Founder Takes a Stand Against Government Control!

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In a world where the absurd often masquerades as the mundane, Solana’s co-founder, the illustrious Anatoly Yakovenko, has emerged from the shadows to vehemently oppose the grandiose scheme proposed by none other than the former President Trump. The idea of a U.S. crypto reserve, he argues, is akin to handing the keys of a candy store to a ravenous toddler—utterly disastrous for the delicate art of decentralization! 🍭

In a recent missive, Yakovenko elucidated his position on the President’s ambitious plans to create a national crypto reserve, which would, in a fit of irony, include the likes of Bitcoin (BTC), Ethereum (ETH), XRP (XRP), Cardano (ADA), and, of course, Solana (SOL). He was quick to clarify that he had not been consulted on whether his beloved SOL would grace this illustrious lineup. How rude! 😏

“No reserve, because if you want decentralization to fail, you’d put the government in charge of it,” Yakovenko quipped, channeling the spirit of a jester in a court of fools. His words, dripping with sarcasm, echoed through the digital ether, as he proposed that if a crypto reserve must exist, it should be built on “objectively measurable requirements.” Fairness and decentralization for all, he proclaimed, as if he were a benevolent czar of the blockchain! 👑

“I don’t care what they [the measures] are,” he continued, “they can even be constructed such that only Bitcoin satisfies them right now. They just must be objectively measurable and rationally justified.” A true philosopher of the crypto realm, he seemed to suggest that the universe itself should bend to the whims of rationality. 🤔

Interestingly, Yakovenko expressed a preference for state-run crypto reserves over a monolithic national reserve, believing that such a structure could serve as a “hedge against the Fed making a mistake.” A wise man indeed, as he noted that at least 26 U.S. states have already introduced Bitcoin strategic reserve bills. Who knew the states were so keen on playing with digital gold? 🏦

As the clock ticks down to the White House Crypto Summit on March 7, Yakovenko remains noncommittal about his attendance. Meanwhile, a cavalcade of crypto luminaries, including Strategy Chairman Michael Saylor, Kraken CEO Arjun Sethi, Ripple CEO Brad Garlinghouse, and Coinbase CEO Brian Armstrong, have confirmed their presence. The stage is set for a spectacle worthy of the ages! 🎭

Earlier today, the ever-curious crypto journalist Laura Shin reported that Garlinghouse had allegedly urged President Trump to include Solana in the crypto reserve, ostensibly to lend an air of legitimacy to XRP’s inclusion. When confronted with this juicy tidbit, Yakovenko maintained his composure, stating he had neither been consulted about Solana’s inclusion nor had he been the one to pitch it. A true master of the art of evasion! 🕵️‍♂️

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2025-03-06 16:57