This article is translated from 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 into the cryptocurrency sector, with domestic digital assets becoming a focal point of policy support. Reports indicate that projects like Ondo Finance, Movement, and Story have seen a surge in market attention due to their close ties to the Trump family.

Trump administration prepares "American Coin" strategic reserves
Cryptocurrency included in the "America First" agenda
Investors focus on the next "Trump-supported American Coin"

ONDO MOVE IP rises strongly
Beware of market speculation and blind following

Trump's "America First" policy is causing ripples in the cryptocurrency market. As he announced considerations to include domestic cryptocurrencies in the national strategic reserves, investors are racing to bet on potential beneficiaries of the Trump-supported "American Coin."

On March 2, local time, Trump boldly stated on the Truth Social platform that he would "make America the global cryptocurrency center" and asked his policy team to consider including XRP, Solana (SOL), and Cardano (ADA) in the strategic reserves. These projects are favored due to their American backgrounds.

With Trump clearly expressing support for domestic cryptocurrencies, the market widely believes that Ondo Finance (ONDO), Movement (MOVE), and Story (IP) may become the next batch of key supported projects. Their influence in the industry has rapidly expanded recently, making them popular candidates for selection.

Can the "American Coin" chosen by the Trump family truly enter the official strategic reserves?

Against the backdrop of the "America First" policy, domestic cryptocurrency projects in the U.S. are receiving significant attention, among which Ondo Finance, as a leader in the tokenization of real-world assets (RWA), is considered one of the most likely beneficiaries. This is not only due to the rapid development of the RWA sector but also because it has received direct support from the Trump family.

The decentralized finance (DeFi) project World Liberty Financial (WLFI), operated by the Trump family, recently purchased Ondo Finance tokens (ONDO) worth $715,000 through two transactions. Additionally, Donald Trump Jr. 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.

Moreover, formal collaboration between Ondo Finance and WLFI is also underway. Ondo Finance's Chief Strategy Officer (CSO) Ian de Bode revealed in an interview that "WLFI is considering incorporating Ondo's tokenized assets, such as the USD yield token (USDY) and short-term U.S. Treasury bonds (OUSG), into its financial reserve assets." With the public acknowledgment of Ondo Finance's relationship with the Trump family, market interest in ONDO has surged. As of the 6th, the trading price of ONDO reached $1.18, up 19% from the previous day and 12.8% from the previous week.

Another "Trump concept coin" project gaining market favor is Movement, based in California. In January of this year, WLFI invested $2 million to acquire MOVE tokens, becoming one of its top ten holders.

Even more explosively, there are reports that Movement is providing blockchain technology advice to the Trump administration's Department of Government Efficiency (D.O.G.E), leading the market to speculate about its relationship with the government.

Following the news, the MOVE token surged rapidly in January, jumping from $0.6 to $0.89 in just a few days, an increase of 33%. Although it later retreated below $0.4, with the recent implementation of Trump's "American Coin" policy, MOVE quickly rebounded by 19%. As of the 6th, the price of MOVE rose 11% from the previous day, successfully regaining the $0.4 mark.

The U.S. blockchain project Story has been continuously led in three rounds by top venture capital firm Andreessen Horowitz (a16z), and is considered one of the projects most likely to benefit from policy dividends. As former a16z executives enter key positions in the Trump administration, market expectations for Story to receive direct policy support are also rising.

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

As a result, the price of Story's token IP surged strongly. After Trump announced considerations to include the American Coin in the strategic reserves, the IP token skyrocketed from $5 to $6.9 on the 2nd, becoming one of the market's "Trump concept coins."

The market cautiously views policy dividends, experts warn against blind betting

Although the market generally holds a positive outlook on "Trump concept coins," industry experts remind investors that there is still policy uncertainty, and betting on specific cryptocurrencies too early may pose risks.

Seok-moon Jung, director of the Presto Research Center, believes that "the cryptocurrency industry is lobbying the Trump administration to include domestic projects in the 'America First' strategy." He stated, "Given the Trump administration's policy orientation, this proposition may hold great appeal for him."

However, Jung also warned that "the final policy direction is expected to be clarified after the cryptocurrency summit. Before that, investors should cautiously observe the market rather than blindly betting."

Seung-sik Yoon, a senior researcher at Tiger Research, further pointed out that although the market generally views the assets held by WLFI positively, they may not all be included in the strategic reserves. He believes that "if WLFI's assets are ultimately selected, it could trigger 'insider trading' controversies, leading to potential concerns at the policy level."

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