PANews reported on March 4 that according to Cointelegraph, the Australian government is not currently considering establishing a strategic cryptocurrency reserve, even though US President Donald Trump announced just a few days ago that the United States would embark on this work. A spokesperson for Stephen Jones, Australia's Assistant Treasurer and Minister of Financial Services, said the government is focusing on regulating digital asset platforms. The spokesperson said: "The Albanese government has consulted on our proposed framework for building a digital asset regulatory system that is fit for purpose, and we continue to work closely with the industry. The Albanese government knows that blockchain and digital assets bring huge opportunities to our economy, financial sector and innovation."

However, Australia may be about to usher in a change of government. According to the constitution, a new federal election must be held on or before May 17, and the latest YouGov poll shows that the center-right coalition is leading the center-right Labor government by a narrow margin of 51% to 49%. Tom Matthews, head of public affairs at Australian cryptocurrency exchange Swyftx, said in an interview that while the idea of establishing a reserve is popular, it can also be "full of complexity" and if not managed properly, it may lead to centralization risks for certain tokens. Matthews speculated that a more likely scenario is the emergence of a long-term sovereign wealth fund that only holds cryptocurrencies.