GuShiio.com How will the Trump administration’s “US Dollar” strategy be implemented? The market is still waiting for an answer.
Original author: Doohyun Hwang, Coins Also Follow America First… Investors Looking for 'Trump-Benefiting US Coins'
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- The Trump administration’s “America First” strategy is expanding into the cryptocurrency field, and digital assets in the United States are becoming the focus of policy support. According to reports, projects such as Ondo Finance, Movement and Story have attracted soaring market attention due to their close ties to the Trump family.
- Trump administration prepares “U.S. currency” strategic reserve
- Cryptocurrency included in the “US First” map
- Investment community focuses on the next “Trump-backed US currency”
- ONDO MOVE IP rises strongly
- Be wary of market hype and blind follow-up
Trump’s “America First” policy is causing shocks in the cryptocurrency market. As he announced that he was considering including U.S. cryptocurrencies in the country’s strategic reserves, investors are racing to bet that they may benefit from Trump-backed “U.S. currency.”
On March 2 local time, Trump made a high-profile statement on the Truth Social platform that he would “make the United States the global cryptocurrency center” and asked the policy team to consider including XRP, Solana (SOL) and Cardano (ADA) in strategic reserves. These projects are favored because of their American background.
As Trump has clearly expressed 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 are considered to be hot projects that are expected to be selected.
Can the “U.S. currency” selected by the Trump family truly join the official strategic reserve?
In the context of the “America First” policy, cryptocurrency projects in the United States have attracted much attention. Among them, Ondo Finance, as a leader in the field of real-world asset (RWA) tokenization, is considered to be one of the projects most likely 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 in 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 on the 6th of last month, further confirming the direct connection between the two sides.
In addition, formal cooperation between Ondo Finance and WLFI is also advancing. Ian de Bode, chief strategy officer (CSO) of Ondo Finance, revealed in an interview,”WLFI is considering including Ondo’s tokenized assets, such as U.S. dollar yield tokens (USDY) and short-term U.S. Treasury bonds (OUSG), into financial reserve assets.” As Ondo Finance’s relationship with the Trump family became public, market interest in ONDO surged. As of the 6th, ONDO traded at $1.18, up 19% from the previous day and 12.8% from the previous week.
Another popular “Trump Concept Coin” project is Movement, headquartered in California. In January this year, WLFI spent US$2 million to purchase MOVE tokens, becoming one of its top ten coin holders.
Even more explosive is news that the Movement is providing blockchain technology advice to the Trump administration’s Department of Government Effectiveness (D.O.G.E.), which has led to the market’s imagination about its relationship with the government.
Story, a U.S. blockchain project, has been led by Andreessen Horowitz (a16z), the top U.S. venture capital, for three consecutive rounds and is considered by the market to be one of the projects most likely to receive policy dividends. As former a16z executives enter key positions in the Trump administration, expectations for Story to receive direct policy support are also rising.
Many key officials in the Trump administration were once core figures in the a16z. For example, Sriram Krishnan, former head of British crypto investment at a16z, has been appointed senior policy adviser for AI at the White House Office of Science and Technology Policy; Brian Quintenz, former head of global crypto policy at a16z, has been nominated as chairman of the CFTC (U.S. 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 IP price of Story token rose strongly. After Trump announced that he was considering including the U.S. currency in the strategic reserve, IP tokens 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.
Markets view policy dividends cautiously, experts warn against blind bets
Although the market is generally optimistic about the “Trump Concept Coin”, industry experts remind investors that there is still policy uncertainty and premature bets on specific cryptocurrencies may be risky.
Seok-moon Jung, director of the Presto Research Center, believes that “the cryptocurrency industry is lobbying the Trump administration to include U.S. -based projects in the ‘America First’ strategy.” He said,”Given the Trump administration’s policy orientation, this idea may be extremely attractive to him.”
However, Zheng Xiwen also warned that “the final policy direction is expected to be clear after the cryptocurrency summit. Until then, investors should observe the market carefully rather than make blind bets.”
Seung-sik Yoon, a senior researcher at Tiger Research, further pointed out that although the market is generally optimistic about the assets held by WLFI, they may not all be included in the strategic reserve. He believes that “if WLFI assets are finally selected, it may cause controversy over ‘insider trading’, so there may be concerns at the policy level.”
How will the Trump administration’s “US Dollar” strategy be implemented? The market is still waiting for an answer.
