The post Solana Co-Founder Advocates Against National Crypto Reserves: A Call for Decentralization appeared on BitcoinEthereumNews.com.

On March 6th, Toly, a notable co-founder of Solana, expressed his views on the concept of a national crypto reserve via social media. He underscored the potential risks of government intervention, stating, “If you want to make decentralization fail, let the government control it.” This perspective advocates for an alternative approach where individual states could establish their own crypto reserves. Such reserves could serve as a safeguard against possible missteps by the Federal Reserve. Toly emphasized that any national reserve should adhere to objective and measurable criteria, irrespective of the specifics. He pointed out that such criteria might currently favor Bitcoin, yet the key lies in their transparent and justifiable nature. The focus on clearly defined goals suggests that the Solana ecosystem is equipped to meet these benchmarks effectively, reinforcing its robust position within the cryptocurrency landscape. Source: https://en.coinotag.com/breakingnews/solana-co-founder-advocates-against-national-crypto-reserves-a-call-for-decentralization/

---

Filed under: News - @ March 6, 2025 6:24 am