- Samson Mow doubts Trump’s ability to unilaterally decide US crypto reserves.
- Mow says altcoins may be excluded from the reserve due to regulatory constraints.
- Mow warns of financial risks if ‘random shitcoins’ enter the United States reserve.
Bitcoin maxi Samson Mow has shared a detailed analysis of the proposed US Strategic Crypto Reserve. He suggested that despite President Trump’s public statements, altcoins like XRP, SOL, ADA, and ETH may ultimately be excluded from the national reserve.
In an X thread, Mow questions whether Trump can unilaterally determine reserve assets. He noted that any implementation would likely require a formal report from the Presidential Working Group followed by congressional approval. “Can Trump actually just dictate what things go into a reserve? I don’t think so,” Mow stated, emphasizing that established governmental processes would apply.
Mow speculates about the political motivations behind Trump’s public mention of specific altcoins. He suggested that it could be aimed at appeasing industry lobbyists, securing donations, or potentially providing exit liquidity for certain projects. Mow points out the suspicious timing of the announcement on “a low liquidity Sunday,” which led to immediate price increases for the mentioned tokens.
The Bitcoin executive argues that the United States maintains its position as a global financial center because of adherence to “rule of law and guidelines for how things are done.” Abandoning these principles for political expediency would set the country on what Mow describes as “Path #2: accelerating into degeneracy,” potentially undermining the broader financial system.
Looking at the more likely outcome, Mow outlines what he believes would be reasonable selection criteria for reserve assets. He suggests requirements including proof of work consensus for security, a dominant hash rate in respective algorithms, the absence of premines or insider allocations, an operational history of at least 10 years, a non-security status, cold storage capability, and fully verifiable blockchain history.
Related: Trump’s Crypto Reserve Is a Planned Pump & Dump: Peter Schiff
When applying these criteria, Mow concludes that Bitcoin would definitely qualify, while Litecoin and Monero might also meet the requirements. If merged mining concerns were relaxed, Dogecoin and Namecoin could potentially be included as well. He specifically notes that Elon Musk’s role in the administration might influence Dogecoin’s inclusion, despite potential technical concerns. “If the Crypto Reserve gets stacked with random shitcoins, prepare to accelerate into degeneracy like never before,” Mow warns, highlighting the stakes for both the cryptocurrency industry and broader financial markets.
Source: Coinglass
The discussion comes amid market volatility following Trump’s statements. Bitcoin experienced price fluctuations with over $11 million in liquidations within a four-hour period at press time. BTC filled to approximately $87,000 and filled several CME gaps. Traders remain divided on whether this represents a temporary correction or the beginning of a more substantial decline. As the administration works to implement its promised cryptocurrency policies, the ultimate composition of any strategic reserve will likely depend on the balance between political promises and institutional financial prudence.
