Samson Mow, CEO of Jan3Com, has weighed in on U.S. President Donald Trump’s recent proposal for a Strategic Bitcoin/Crypto Reserve, casting doubt on whether altcoins like XRP, Solana (SOL), Cardano (ADA), and Ethereum (ETH) will be included.
Trump recently stated that he would direct a working group to move forward with establishing the reserve and specifically mentioned several altcoins alongside Bitcoin. However, Mow pointed out that Trump has no authority to decide which assets will be included unilaterally. He stated that the process would require a formal proposal, a working group report, and congressional approval before finalizing any decision.
He suggested that Trump’s statement may have been politically motivated, possibly aimed at appeasing lobbyists or securing campaign donations rather than ensuring the inclusion of those tokens. Mow also noted the suspicious timing of the announcement on a “low-liquidity Sunday”, raising concerns that some traders may have benefited from prior knowledge of the post.
He argued that arbitrarily allowing a president to select cryptocurrencies for a national reserve could create financial instability. According to him, the U.S. has maintained its status as a leading financial hub due to its structured regulations, and a move toward political favouritism in crypto reserves could undermine that foundation.
Ultimately, Mow believes that Bitcoin remains the only viable candidate for such a reserve. He emphasized that an actual strategic reserve should focus on assets with established global credibility rather than speculative altcoins, warning that an unregulated selection process could lead to broader financial consequences.
Trump’s announcement has sparked debate within the crypto industry. Ripple CEO Brad Garlinghouse has weighed in on the discussion, emphasizing that collaboration is key to achieving the industry’s long-term goals. He expressed that unity would drive significant progress. He noted that Trump’s vision for a government-backed digital asset reserve, which includes various cryptocurrencies, supports an industry-wide approach rather than favouring one specific asset.
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