Cryptocurrency version of "America First" - Trump-backed US currency triggers market

Original author: Doohyun Hwang, "Coins Also Follow America First"...Investors Looking for 'Trump-Benefiting US Coins'

Important points

• The Trump administration's "America First" strategy is expanding to the cryptocurrency field, and digital assets in the United States are becoming the focus of policy support. According to reports, the market attention has soared due to close ties with the Trump family.
• Trump administration prepares strategic reserves of "US currency"
• Cryptocurrency included in the "US First" territory
• Investment world focuses on the next "Trump-backed American currency"
• ONDO MOVE IP Rising Strongly
• Beware of market speculation and blind follow-up

Trump's "America First" policy is causing shock in the cryptocurrency market. Investors are racing to bet on “US currency” that could benefit from Trump-backed Trump as he announced his consideration of incorporating domestic cryptocurrencies into national strategic reserves.

On March 2 local time, Trump said on the Truth Social platform that he would "make the United States a global cryptocurrency center" and asked the policy team to consider including XRP, Solana (SOL) and Cardano (ADA) in their strategic reserves. These projects are favored for their American background.

As Trump clearly expresses his support for local cryptocurrencies, the market generally believes that Ondo Finance (ONDO), Movement (MOVE) and Story (IP) may become the next batch of key support targets. Their influence in the industry has expanded rapidly recently and is considered a popular project that is expected to be selected.

Can the "US currency" chosen by the Trump family truly become the

official strategic reserve?

Against the backdrop of the "America First" policy, cryptocurrency projects in the United States have attracted much attention. Among them, Ondo Finance, as a leader in real-world assets (RWA) tokenization, is considered one of the most likely projects to benefit. This is not only because of the rapid development of the RWA track, but also because it has direct support from the Trump family.

World Liberty Financial (WLFI), a decentralized finance (DeFi) project run by the Trump family, recently purchased a total of $715,000 worth of Ondo Finance token ONDO through two transactions. In addition, Donald Trump Jr. also attended the "Ondo Summit" hosted by Ondo Finance as a guest speaker last month, further confirming the direct contact between the two sides.

In addition, formal cooperation between Ondo Finance and WLFI is also being advanced. Ondo Finance Chief Strategy Officer (CSO) Ian de Bode revealed in an interview that "WLFI is considering incorporating Ondo's tokenized assets, such as USDY tokens (USDY) and short-term U.S. Treasury bonds (OUSG) into financial reserve assets." As Ondo Finance's relationship with the Trump family is revealed, market interest in ONDO surges. As of the 6th, ONDO trading price reached USD 1.18, up 19% from the previous day and 12.8% from the previous week.

Another "Trump Concept Coin" project that is sought after by the market is Movement, headquartered in California. In January this year, WLFI spent $2 million to buy MOVE tokens, becoming one of its top ten coin holders.

What's even more explosive is that it is reported that Movement is providing blockchain technology advice to the Trump administration's Department of Administration Effectiveness (DOGE), which has made the market think about its relationship with the government.

After the news came out, the MOVE tokens rose rapidly in January, soaring from $0.6 to $0.89 in just a few days, an increase of up to 33%. Although it has partially fallen, falling below $0.4, MOVE quickly rebounded by 19% as Trump's latest "US currency" policy is implemented. As of the 6th, MOVE price rose 11% from the previous day, successfully re-establishing the $0.4 mark.

The US blockchain project Story was led by Andreessen Horowitz (a16z), the top US venture capital firm, and is considered by the market to be one of the projects that are most expected to receive policy dividends. As former a16z executives enter key positions in the Trump administration, market expectations for Story to receive direct policy support are also heating up.

Many key officials of the Trump administration were once the core figures of a16z. For example, Sriram Krishnan, former head of crypto investment at the UK, has been appointed as senior policy adviser to AI at the White House Office of Technology Policy; Brian Quintenz, former head of global crypto policy at the A16z, was nominated as chairman of the CFTC (US Commodity Futures Trading Commission). In addition, a16z co-founder Mark Andreessen was also invited to attend the White House "Cryptocurrency Summit", further strengthening a16z's influence at the government level.

Affected by this, the price of Story token IP rose strongly. After Trump announced that he would consider incorporating the US currency into his strategic reserves, the IP token quickly soared from US$5 to US$6.9 on the 2nd, becoming one of the "Trump concept coins" that the market is concerned about.

The market is cautious about policy dividends, experts warn not to bet

blindly

Although the market is generally optimistic about the "Trump Concept Coin", industry experts remind investors that there is still policy uncertainty at present and that premature betting on specific cryptocurrencies may face risks.

Seok-moon Jung, director of the Presto Research Center, believes that “the cryptocurrency industry is lobbying the Trump administration to include Native American projects in the 'U.S. First' strategy.” He said, “That proposition may be very attractive to him given the Trump administration’s policy orientation.”

However, Zheng Xiwen also warned that "the final policy direction is expected to be clear after the cryptocurrency summit. Before that, investors should observe the market carefully rather than betting blindly."

Seung-sik Yoon, senior researcher at Tiger Research, further pointed out that although the market is generally optimistic about the assets held by WLFI, they may not be included in the strategic reserves. He believes that “if WLFI assets are ultimately selected, it may lead to 'insider trading' controversy, so there may be some concerns at the policy level.”

How will the Trump administration’s “US currency” strategy be implemented? The market is still waiting for the answer.