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Who did entity A suppress Asset A for? Your question seems to ask, "Who did Actor A suppress the Asset A price for?" Based on available information, there’s no definitive evidence that Actor A suppressed Asset A's price for a specific individual or entity as a targeted beneficiary. Instead, testimony from his trial suggests his actions were tied to broader financial strategies involving Entity A and Entity B, the companies. During Actor A's trial in October 2023, Accomplis A, former CEO of Entity A and a key witness, testified that Actor A instructed them to sell Bitcoin whenever its spot price exceeded $20,000, using Entity A customer funds to do so. This was revealed on day six of the trial, as reported by sources. The alleged intent wasn’t explicitly to benefit a specific person or group but to manage market dynamics—potentially to stabilize or cap Asset A's price during the 2021 bull run. Some analysts, speculated this could have prevented Asset A from reaching higher levels, such as $100,000, though this remains a theory, not a proven motive. Posts on X and web discussions have echoed this, with some claiming Actor A's sales were to manipulate Asset A price downward, possibly to protect Entity Bs positions or Entity A operations, which relied heavily on customer funds and leveraged assets like Exchange Token. However, interpretations vary as Writer A suggested on X that Actor A’s instructions might have been more about liquidity needs (e.g., "don’t sell below $20K" to avoid cheap losses) rather than a deliberate suppression scheme for someone else’s gain. No concrete evidence from the trial or other sources indicates Actor A acted to suppress Asset A price for a specific external party—like a competitor, investor, or regulator. Instead, the actions appear self-serving, aimed at sustaining his intertwined empire of Entity A and Entity B amid financial strain, as detailed in SEC charges and trial coverage. Prosecutors framed it as part of a broader fraud, not a favor to a third party. If you meant something more specific by "to for"—like a grammatical tweak or a different angle—feel free to clarify, and I’ll adjust accordingly! @grok 3 is a beast. This might twist your brain into a pretzel.

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Samson Mow, CEO of JAN3 and a well-known bitcoin advocate, stated his doubts about the U.S. strategic bitcoin and cryptocurrency reserve through his X platform updates. Mow raised issues with the possibility that such a reserve could be formed by unilateral decisions and indicated that such a reserve would require a formal process all the way from legislative approval. He questioned: “Can Trump actually just dictate what things going into a reserve? I don’t think so. There will need to be a report/proposal from the working group and then Congress will need to pass legislation.” Mow Questions Altcoin Inclusion in U.S. Crypto Reserve Mow also doubted the inclusion of altcoins such as XRP, Solana (SOL), Cardano (ADA) or Ethereum (ETH) that Trump had previously included. He also said that the announcement may not be a definite policy directive, but something politically driven. Mow speculated the post could have been a political or financial play, as opposed to some kind of serious policy directive. He also claimed that the post could also have helped the interests of some traders or lobbyists, saying: The post could have also been useful for lobbyists and donors of Cardano or Ripple. There is a reason to pump those coins now, especially, because once a real report comes out with a list of coins or whatever criteria, it’s too late. Unregulated Crypto Reserve Could Harm U.S., Mow Warns Mow also warned of wider consequences of allowing a president to unilaterally pick what digital assets should be in a national reserve, beyond market speculation. He warned: “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.” Mow suggested that the reserve assets selection be more determined through proof of work cryptocurrencies with proven track records. At the same time, Bitcoin would not be the only items in the reserve, as Litecoin, Monero could become part of it because of the established proof of work and long-term stability of the operation of such coins, he added. Dogecoin’s Role in U.S. Crypto Reserve Sparks Debate More specifically, Samson suggested that Dogecoin might be adopted by the reserve as his influence over Trump’s administration is great. Mow highlighted the requirement for a well thought out approach to setting up a domestic crypto reserve. He warned that if the reserve is to become a speculative tool instead of a sound financial strategy, “preach prepare to accelerate into degeneracy like never before.” Mow’s remarks continue the debate around whether or not the U.S. should hold crypto reserves. It remains to be seen whether the proposal becomes a structured policy or only remains a speculative one. Conclusion Mow recommends that the United States should develop organized plans for its crypto reserve system. Unclear rules let powerful figures and traders weaken support for the crypto reserve’s role. He wanted political leaders to make choices that create stable proven assets for a longer run instead of creating a market that focuses on short-term trading. Stay tuned to The BIT Journal and keep an eye on Crypto’s updates. Follow us on Twitter and LinkedIn, and join our Telegram channel to be instantly informed about breaking news! FAQs 1. Why does Mow oppose Trump’s crypto reserve? He argues it needs a formal process, not unilateral decisions, and may be politically motivated. 2. What market risks did Mow highlight? He warned Trump’s announcement could benefit traders or lobbyists, artificially pumping certain altcoins. 3. Which cryptocurrencies does Mow support for the reserve? He favors proof-of-work coins like Bitcoin, Litecoin, and Monero for their stability. 4. What’s the risk of including altcoins? Mow warned it could turn the reserve into a speculative tool, destabilizing the market. Glossary of Key Terms Strategic Crypto Reserve – Proposed U.S. government-held crypto reserve. Proof-of-Work (PoW) – Mining method used by Bitcoin. Market Manipulation – Artificially influencing asset prices. Exit Liquidity – Buyers enabling large sell-offs. Merged Mining – Mining multiple coins simultaneously. Shitcoin – Crypto with little to no value. Reference Twitter

On March 7, 2025, President Donald Trump will host the first-ever cryptocurrency summit at the White House, marking a significant moment in U.S. crypto policy. The event is organized by White House AI and Crypto Czar David Sacks, with Bo Hines, executive director of the working group, helping to manage proceedings. This summit highlights Trump’s ongoing push to establish the U.S. as a global leader in crypto innovation. His administration has already demonstrated its commitment to the sector by hosting the first-ever Crypto Ball before his inauguration, creating an SEC task force for crypto regulation, and selecting key assets for the U.S. Crypto Reserve . One of the most highly anticipated discussions at the summit is the proposal to eliminate capital gains taxes on U.S.-based cryptocurrencies. As we reported in January , Eric Trump, son of Donald Trump, hinted that the U.S.-based crypto projects such as Bitcoin (BTC), Cardano (ADA), Algorand (ALGO), Ripple (XRP), Stellar (XLM), and Hedera Hashgraph (HBAR) could be exempt from capital gains taxes marking a shift from current regulations, which impose tax rates of up to 30% on crypto profits. Eric Trump has also publicly praised the advantages of cryptocurrencies, emphasizing their speed and accessibility compared to traditional banking systems. Not everyone is convinced that a zero crypto tax policy is feasible. Adam Cochran, founder of Cinneamhain Ventures, pushed back against the idea, highlighting the legal obstacles on an X post stating “The President can’t unilaterally change the tax code. Only Congress can. It is one of the few Congressional powers expressly laid out in the Constitution.” Cochran further stressed that even if Trump announced the policy or signed an executive order, it wouldn’t automatically become law. He humorously compared it to declaring himself a cupcake, saying, “It would be no more valid than if I declared myself to be a cupcake. No matter what paper I write it on, I am not a baked good with chocolate frosting, and the President cannot simply eliminate capital gains taxes on crypto.” Trump’s newfound embrace of crypto is a sharp contrast to his previous stance, where he infamously dismissed Bitcoin as a “scam.” However, with institutional adoption growing and interest in digital assets increasing, Trump appears eager to position himself as the most pro-crypto US president. While a tax-free crypto environment sounds like a dream for investors, implementing such a policy is far more complex. Eliminating crypto taxes could attract more investments to the U.S., strengthening its position as a blockchain hub. However, it would also create a massive revenue gap, as the IRS collected billions in crypto taxes last year. On the global stage, a zero crypto tax policy could make the U.S. the most attractive destination for blockchain startups and investors.