Who Will Be the Next U.S. Crypto Asset Reserve? An Overview of the Most Promising “American Chains” with Strong Political and Business Connections
After Trump specifically named BTC, ETH, SOL, XRP, and ADA as potential reserves for cryptocurrency assets, the related assets surged. The narrative surrounding American blockchain projects has also reignited, with many turning their attention to who will be the next American cryptocurrency concept coin. This article will compile the top-ranking coins from the Coingecko Made in USA category, the coins that participated in the crypto AI mogul David Sacks’ dinner, and the coins purchased by Trump’s DeFi project World Liberty Finance, in order to identify the commonalities among the three.
(Trump: Promoting cryptocurrency asset reserves through executive orders, with related assets rising over 75%, naming BTC, ETH, SOL, XRP, and ADA)
30% of the coins invited to the crypto mogul’s dinner have become targets for asset reserves.
Note: There are numerous coins in the Coingecko Made in USA category, with only a selection of larger market-cap coins included. In the case of the crypto mogul’s dinner, the representatives of Bitcoin-related advocacy organizations represent BTC. The red bold text in the chart indicates coins that have been named by Trump as part of the national asset reserves.
(Who are the biggest beneficiaries of Trump’s crypto-friendly stance? A review of the guests at the crypto mogul’s dinner reveals Made in USA blockchain projects)
Three sources in common: World Liberty, Coingecko, crypto mogul
MOVE, ONDO, INJ.
Two sources in common
World Liberty and Coingecko, excluding the crypto mogul
LINK, SEI.
(Coingecko and the crypto mogul, excluding World Liberty)
SOL, XRP, SUI.
Unique to World Liberty
ETH, TRX, ENA, AAVE.
Unique to Coingecko
ADA, HBAR, XLM, AVAX, LTC, DOT, NEAR, APT, TRUMP, ALGO, RNDR, FIL, OP, IP, MKR, WLD, STX, THETA.
Unique to the crypto mogul
UNI, DOGE, PLUME.
From this perspective, 30% of the coins that participated in the crypto mogul’s dinner have currently been listed as asset reserves. The assets purchased by WLFI account for 20%.
American VCs are particularly focused on Polychain, a16z, and Pantera.
Analyzing from the perspective of backers:
Bitcoin has no investors, while ETH and Cardano have too few institutional investors to be included in the discussion.
Ripple: a16z, Polychain, Standard Chartered Bank, Pantera, etc.
Solana: a16z, Polychain, Multicoin, etc.
It can be observed that the currently named VC coins include institutional-level financing from Silicon Valley giants a16z and the well-known American venture capital firm Polychain, with both companies co-investing in approximately 27 positions. Regarding Polychain, it is noteworthy that LP Alexander Pack has served as managing partner at Dragonfly and HackVC. Trump’s AI advisor Sriram Krishnan is also a former partner at a16z.
Returning to the three common coins identified earlier, Ondo is primarily backed by Pantera, Coinbase (with backers a16z and Polychain), as well as traditional financial giants like Morgan Stanley and BlackRock. Inj is backed by Pantera, Jump Crypto, Hashed, and YZi Labs (former Binance Labs). The standout aspect of Movement is undoubtedly the investments from Polychain and its closely related partners dao5 and Blizzard Fund.
From the perspective of joint investments by a16z and Polychain, AVAX, Story Protocol, EigenLayer, and others are all noteworthy targets.
Risk Warning
Investing in cryptocurrencies carries a high level of risk, and their prices can be highly volatile, which may result in a total loss of principal. Please assess the risks carefully.
