One of the biggest shockwaves came from the unexpected inclusion of Solana, Cardano, and Ripple in the reserve discussions. Farrell didn’t mince words on their place in a strategic asset portfolio.

Solana's significant exposure to meme coins makes it a very risky and speculative investment right now. Admittedly, the obvious, no-brainer pick for first-time crypto investors is Ethereum.

On Thursday, Yakovenko said that in his “order of preference,” there would be “no reserve.” Solana’s co-founder Anatoly Yakovenko raised concern and posted on his social media X on ...