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

Key Points

• The Trump administration’s “America First” strategy is expanding to the cryptocurrency sector, 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 a surge in market attention due to their close ties with the Trump family.
• Trump administration prepares strategic reserve of "American currency"
• Cryptocurrency is included in the "America First" map
• Investment community focuses on the next "Trump-backed American currency"
• ONDO MOVE IP is rising strongly
• Beware of market speculation and blind following

Trump's "America First" policy is causing a stir in the cryptocurrency market. With his announcement that he is considering including U.S.-based cryptocurrencies in the national strategic reserve, investors are racing to bet on "American coins" that could benefit from Trump's support.

On March 2, local time, Trump stated 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 the strategic reserve. These projects are favored because of their American background.

As Trump has made it clear that he supports 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 they are considered to be popular projects that are expected to be selected.

Can the "American currency" chosen by the Trump family truly become part of the official strategic reserve?

Under the policy background of "America First", local 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 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 received 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 tokens 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 parties.

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

Another "Trump concept coin" project that is popular in the market is Movement, headquartered in California. In January this year, WLFI spent $2 million to purchase MOVE tokens and became one of its top ten holders.

Even more explosive is the news that Movement is providing blockchain technology advice to the Trump administration’s Government Effectiveness Department (DOGE), which has caused the market to speculate about its relationship with the government.

After the news came out, the MOVE token rose rapidly in January, soaring from $0.6 to $0.89 in just a few days, an increase of 33%. Although it has since fallen back and fallen below $0.4, with the implementation of Trump's latest "American Currency" policy, MOVE quickly rebounded by 19%. As of the 6th, the price of MOVE has risen by 11% from the previous day and successfully re-entered the $0.4 mark.

Story, a U.S. blockchain project, has been led by top U.S. venture capital firm Andreessen Horowitz (a16z) 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, market expectations for Story to receive direct policy support are also heating up.

Many key officials in the Trump administration were once core figures of a16z. For example, Sriram Krishnan, former head of a16z UK crypto investment, has been appointed as the senior policy advisor for AI in the White House Office of Science and Technology Policy; Brian Quintenz, former head of a16z global crypto policy, has been nominated as the 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 price of Story Token IP rose strongly. After Trump announced that he was considering including US dollars in the strategic reserve, the IP token soared from US$5 to US$6.9 on the 2nd, becoming one of the "Trump concept coins" that the market paid attention to.

The market is cautious about policy dividends, and experts warn against blind betting

Although the market is generally optimistic about "Trump concept coins", industry experts remind investors that there is still policy uncertainty and betting on specific cryptocurrencies too early may face risks.

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 policy orientation of the Trump administration, this proposition may be very attractive to him.”

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 instead of making 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 trigger "insider trading" controversy, so there may be concerns at the policy level."

How will the Trump administration's "American Currency" strategy be implemented? The market is still waiting for the answer.