According to ShibDaily, Ripple Labs Inc. executives, including CEO Brad Garlinghouse and Chief Legal Officer Stu Alderoty, have reportedly proposed the inclusion of Solana (SOL) in the U.S. Crypto Reserve to U.S. President Donald Trump. This move is seen as an effort to enhance the credibility of XRP, Ripple's cryptocurrency, within the proposed reserve. Concerns have been raised that excluding other established altcoins could be seen as problematic. The inclusion of SOL is also viewed as a step to support a reserve that features multiple American-based digital assets.
President Trump's announcement of a proposed Crypto Reserve, which includes Bitcoin (BTC), Ethereum (ETH), XRP, SOL, and Cardano (ADA), has sparked debate within the cryptocurrency community. The proposal has highlighted divisions between Bitcoin maximalists, who advocate for Bitcoin's dominance, and those who support a multi-asset reserve. Rumors have circulated that Ripple's advocacy for SOL's inclusion was intended to strengthen its case for XRP. In response to President Trump's announcement, Ripple CEO Brad Garlinghouse emphasized the importance of industry collaboration in an X post, stating that the crypto sector could achieve its goals if it worked together. He expressed appreciation for President Trump's vision of a government digital asset reserve that represents the industry, criticizing maximalism as a hindrance to progress.
Despite ongoing speculation, Solana co-founder Anatoly Yakovenko's response has added uncertainty to the situation. In a post on X, Yakovenko expressed opposition to the concept of a Crypto Reserve, warning that government involvement in digital assets could threaten decentralization principles. He clarified that no one had consulted him about Solana's inclusion in the reserve, and he did not advocate for it. Yakovenko stated that if a reserve must exist, it should be based on objectively measurable requirements, even if only Bitcoin currently meets them. He emphasized that the Solana ecosystem would strive to meet any set targets.
The debate intensifies as the White House Crypto Summit, scheduled for March 7, approaches. The event has gained increased attention following President Trump's recent statements on cryptocurrency policy. This article is for informational purposes only and should not be considered financial advice. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making investment decisions.