Samson Mow Warns That If Trump’s Crypto Reserve Includes Random Altcoins, It Could Accelerate Market Chaos

Samson Mow, a prominent bitcoin advocate and CEO of JAN3, analyzes Trump's Crypto Reserve: Can the President Pick Any Coin?

Samson Mow, a prominent bitcoin advocate and CEO of JAN3, took to X, formerly Twitter, on March 3 to express skepticism regarding the proposed U.S. strategic bitcoin and crypto reserve.

This follows former President Donald Trump’s post on Saturday evening, where he named several crypto assets that could be included in the reserve.

Trump’s post has sparked debate, with some questioning the president’s authority to select specific digital assets and the broader implications for the cryptocurrency market.

Can Trump Actually Just Pick Any Coin?

Samson Mow, a prominent bitcoin advocate and CEO of JAN3, shared his thoughts on the proposed U.S. strategic bitcoin and crypto reserve.

Pointing out that Trump’s post mentions solana (SOL), cardano (ADA), and ethereum (ETH) as potential reserve assets, Mow questioned how the announcement will translate into guaranteed inclusion.

He noted that the post could have been timed for political gains or to benefit certain traders and lobbyists.

suggesting that the announcement may be more political than practical. He also noted that the post could be seen as an attempt to gift some exit liquidity to Ripple or cardano.

"It makes sense to pump those coins now because once a real report comes out with a list of coins or criteria, it’s too late. This would go in-line with the reasons for why Trump pushed the Trump memecoin before inauguration, he couldn’t do it post inauguration."

He further warned about the broader consequences of allowing a president to arbitrarily select digital assets.

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.

Instead, Mow outlined a possible framework for selecting reserve assets, emphasizing proof-of-work cryptocurrencies, dominance in hashing functions, and long-term operational stability.

In addition to bitcoin, Trump’s Strategic Crypto Reserve could potentially include: litecoin, monero. If they don’t care about merged mining and hashing function dominance, then add dogecoin and namecoin. Given Elon’s prominence in the Trump admin, I’m sure he will find a way to rationalize the inclusion of dogecoin.

However, if the reserve were to be filled with altcoins, the consequences could be dire.

If the crypto reserve gets stacked with random shitcoins, prepare to accelerate into degeneracy like never before.

Ideally, a working group would report to Congress on the selection of coins for the U.S. strategic bitcoin and crypto reserve with a focus on macroeconomic stability and not short-term market speculation.

According to him, the crypto winter has already begun, and the Trump administration is preparing to launch a strategic bitcoin and crypto reserve.

According to reports from The Block, the Trump administration is considering including bitcoin, ether, and XRP in the reserve.

The administration is also said to be open to including other coins, such as solana, algorand, and stellar.

The move comes as the U.S. government is increasingly interested in cryptocurrency. Earlier this year, the president signed an executive order directing federal agencies to study the risks and opportunities of digital assets.

The administration’s plan for a bitcoin and crypto reserve is still in its early stages, and it is unclear what coins will ultimately be included. However, the news has already sparked a rally in the crypto markets.

Bitcoin rose above $68,000 on Sunday morning,