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Cryptocurrency News Articles

Samson Mow Reignites Debate Surrounding the U.S. Government's Potential Digital Asset Reserve

Jan 26, 2025 at 01:00 am

Samson Mow, the CEO of JAN3, has consistently been a vocal advocate for Bitcoin, and recently, he's reignited discussions surrounding the U.S. government's

Samson Mow Reignites Debate Surrounding the U.S. Government's Potential Digital Asset Reserve

Samson Mow, the CEO of JAN3, is a staunch advocate for Bitcoin and recently reignited discussions about the U.S. government's potential digital asset reserve. According to Mow, Bitcoin is the only cryptocurrency that should be considered for such a reserve. He is also highly critical of Ripple and its token, XRP, which he believes is undeserving of such recognition.

His comments come amid ongoing debates about which assets might qualify for inclusion in a reserve designed to stabilize the U.S. economy’s digital assets. Mow took to social media to voice his displeasure with Ripple, reiterating his belief that XRP, along with other altcoins, is an unfit candidate.

He has consistently argued that the companies behind these tokens create massive supplies of them with minimal effort, ultimately undermining the overall credibility of the crypto market.

"Take a closer look at XRP. There are more red flags than you care to admit. Founders printed billions of tokens out of thin air, and now they're surprised people are upset. Don't let this be included in any government reserve," wrote Mow in a tweet.

While Mow has been firm in his stance, others, like Charles Hoskinson from Cardano, have expressed similar views on Bitcoin's role in the reserve. However, Hoskinson has stayed away from criticizing Ripple outright, despite working with the company on other projects. This complex web of relationships reflects the diverse perspectives within the cryptocurrency community, even when leaders agree on broader issues.

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Other articles published on Jan 29, 2025