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US Cryptocurrency Reserve Draws Attention: Cardano and Solana in Focus

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by Giorgi Kostiuk

2 days ago


The US plans to establish a cryptocurrency reserve, including Bitcoin, Ethereum, and others. This decision has become a topic of discussion among industry leaders.

Cardano’s Concerns

Reports indicate that Charles Hoskinson, the founder of Cardano, has not received an invitation to the event. He expressed that no information about ADA’s selection for the reserve is available.

We did not receive an invitation on Monday, Tuesday, or Wednesday. Therefore, I assume I was not invited.Charles Hoskinson

Solana’s Critique

Anatoly Yakovenko, co-founder of Solana, opposes the state-controlled reserve model. He argues that the principle of decentralization must not be compromised.

My preference is for there to be no reserve at all. If there must be a reserve, it should be based on clear criteria independent of political influence.Anatoly Yakovenko

Investment Concerns and Political Factors

Recent political developments cast uncertainty over Cardano and Solana’s positions in the reserve. The meeting will discuss the methodology for creating the reserve and the criteria for selecting cryptocurrencies. Transparency and measurable criteria are crucial for market expectations.

The creation of the cryptocurrency reserve may significantly impact the market. Open discussion and clear selection criteria will help build trust within the crypto community.

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