Samson Mow, CEO of JAN3 and a well-known bitcoin advocate, stated his doubts about the U.S. strategic bitcoin and cryptocurrency reserve through his X platform updates.
Mow raised issues with the possibility that such a reserve could be formed by unilateral decisions and indicated that such a reserve would require a formal process all the way from legislative approval. He questioned:
“Can Trump actually just dictate what things going into a reserve? I don’t think so. There will need to be a report/proposal from the working group and then Congress will need to pass legislation.”
Mow Questions Altcoin Inclusion in U.S. Crypto Reserve
Mow also doubted the inclusion of altcoins such as XRP, Solana (SOL), Cardano (ADA) or Ethereum (ETH) that Trump had previously included. He also said that the announcement may not be a definite policy directive, but something politically driven.
Mow speculated the post could have been a political or financial play, as opposed to some kind of serious policy directive. He also claimed that the post could also have helped the interests of some traders or lobbyists, saying: The post could have also been useful for lobbyists and donors of Cardano or Ripple.
There is a reason to pump those coins now, especially, because once a real report comes out with a list of coins or whatever criteria, it’s too late.
Unregulated Crypto Reserve Could Harm U.S., Mow Warns
Mow also warned of wider consequences of allowing a president to unilaterally pick what digital assets should be in a national reserve, beyond market speculation. He warned:
“If Trump can somehow just unilaterally pick random shitcoins to put into a national reserve, well, that is just very bad for the U.S. Things stop making sense. It’s now a free-for-all.”
Mow suggested that the reserve assets selection be more determined through proof of work cryptocurrencies with proven track records. At the same time, Bitcoin would not be the only items in the reserve, as Litecoin, Monero could become part of it because of the established proof of work and long-term stability of the operation of such coins, he added.
Dogecoin’s Role in U.S. Crypto Reserve Sparks Debate
More specifically, Samson suggested that Dogecoin might be adopted by the reserve as his influence over Trump’s administration is great.
Mow highlighted the requirement for a well thought out approach to setting up a domestic crypto reserve. He warned that if the reserve is to become a speculative tool instead of a sound financial strategy, “preach prepare to accelerate into degeneracy like never before.”
Mow’s remarks continue the debate around whether or not the U.S. should hold crypto reserves. It remains to be seen whether the proposal becomes a structured policy or only remains a speculative one.
Conclusion
Mow recommends that the United States should develop organized plans for its crypto reserve system. Unclear rules let powerful figures and traders weaken support for the crypto reserve’s role. He wanted political leaders to make choices that create stable proven assets for a longer run instead of creating a market that focuses on short-term trading.
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FAQs
1. Why does Mow oppose Trump’s crypto reserve?
He argues it needs a formal process, not unilateral decisions, and may be politically motivated.
2. What market risks did Mow highlight?
He warned Trump’s announcement could benefit traders or lobbyists, artificially pumping certain altcoins.
3. Which cryptocurrencies does Mow support for the reserve?
He favors proof-of-work coins like Bitcoin, Litecoin, and Monero for their stability.
4. What’s the risk of including altcoins?
Mow warned it could turn the reserve into a speculative tool, destabilizing the market.
Glossary of Key Terms
Strategic Crypto Reserve – Proposed U.S. government-held crypto reserve.
Proof-of-Work (PoW) – Mining method used by Bitcoin.
Market Manipulation – Artificially influencing asset prices.
Exit Liquidity – Buyers enabling large sell-offs.
Merged Mining – Mining multiple coins simultaneously.
Shitcoin – Crypto with little to no value.
Reference
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