Samson Mow Criticizes Inclusion Of Altcoins In U.S. Digital Asset Reserves

According to Odaily, Samson Mow, CEO of JAN3 and a prominent Bitcoin advocate, has reignited discussions about the potential for the U.S. government to hold digital asset reserves. Mow argues that Bitcoin should be the sole cryptocurrency considered for such reserves. He criticized Ripple and its cryptocurrency, XRP, stating they do not deserve such recognition. In a post on X, Mow expressed that including any cryptocurrency other than Bitcoin in digital asset reserves equates to giving taxpayers' money to companies and individuals who create tokens out of thin air. Mow reiterated that XRP and other altcoins are unsuitable as reserve assets, asserting that the companies behind these tokens have been undermining the credibility of the cryptocurrency market by generating large supplies of tokens with minimal effort.