Trump Announces Plan to Build Strategic Reserve of US Coins

Cryptocurrency Also Following 'America First' Policy

The US president's 'America First' policy is stirring up the cryptocurrency market. As President Donald Trump's plan to stockpile US-based cryptocurrencies as strategic assets has been revealed, investors are focusing on 'American coins' that are likely to benefit from upcoming policies.

On the 2nd (local time), President Trump announced through Truth Social that he would "make America the capital of cryptocurrencies" and directed his working group to include XRP, Solana (SOL), and Cardano (ADA) as strategic reserve assets. These cryptocurrencies are considered representative US-based projects.

As President Trump directly mentioned policy support for American coins, the possibility of selecting additional strategic reserve assets has become a subject of interest in the market. Industry experts are anticipating that major US-based projects that have been actively engaging in the industry recently, such as Ondo Finance (ONDO), Movement (MOVE), and Story (IP), could be candidates.

Among US-based cryptocurrencies, Ondo Finance, a leading player in the Real World Asset (RWA) tokenization field, is identified as a project with high potential for policy benefits due to the rapidly growing RWA market and the active support from the Trump family.

The decentralized finance (DeFi) project 'World Liberty Financial (WLFI)' operated by the Trump family recently purchased a total of 715,000 dollars worth of Ondo Finance tokens 'ONDO' in two separate transactions. Donald Trump Jr. also showed a close relationship by attending the 'Ondo Summit' hosted by Ondo Finance as a speaker last month on the 6th.

Moreover, official collaboration between Ondo Finance and WLFI is in progress. Ian de Bode, Chief Strategy Officer (CSO) of Ondo Finance, revealed in an interview with BloomingBit that "WLFI is considering integrating Ondo's tokenized assets such as US Dollar Yield Token (USDY) and Short-Term US Treasury (OUSG) as financial reserve assets."

As the close relationship with the Trump family became known, ONDO's price has shown an upward trend. According to CoinGecko on the 6th, ONDO is trading at $1.18, showing an increase of 19% from the previous day and 12.8% from the previous week.

California, USA-based Movement is also a project that is gathering attention as its connection with the Trump administration is highlighted. WLFI purchased $2 million worth of MOVE in January, becoming one of the top 10 holders of Movement.

Particularly, as news broke that Movement is providing blockchain technology advice to the Trump administration's Department of Government Efficiency (D.O.G.E), industry experts believe that Movement is maintaining a close relationship with the administration.

When this news was revealed in January, MOVE's price surged about 33% from $0.6 to $0.89. After giving back some of those gains and trading below the $0.4 level, MOVE rose again by 19% following President Trump's announcement about pursuing strategic reserve assets for American coins. As of the 6th, MOVE has risen 11% compared to the previous day, breaking through the $0.4 level.

Next, Story, a US blockchain project that received three consecutive lead investments from US venture capital (VC) Andreessen Horowitz (a16z), is considered a project with high expectations for policy benefits. Expectations have grown that Story could receive direct policy support as former a16z personnel have taken key positions in the Trump administration.

Sriram Krishnan, who oversaw a16z's UK cryptocurrency investment strategy, was appointed as the White House Office of Science and Technology Policy's senior policy advisor for artificial intelligence (AI). Additionally, Brian Quintenz, who was in charge of a16z's global cryptocurrency policy, was nominated as the next chairman of the US Commodity Futures Trading Commission (CFTC). It's also noteworthy that Mark Andreessen, co-founder of a16z, was invited to the 'White House Crypto Summit' hosted by the White House on the 7th.

As the relationship between a16z and the Trump administration has grown closer, Story's price has also shown an upward trend. Story's native token 'IP', which had been fluctuating around the $5 level, surged to $6.9 on the 2nd following President Trump's statement about pursuing strategic reserve assets for American coins.

However, some warn that it's risky to hastily predict which specific cryptocurrencies will receive policy benefits.

Seok-moon Jung, Director of Presto Research Center, explained, "It appears that cryptocurrency industry leaders have lobbied President Trump to prioritize US-based projects," adding, "As President Trump is