Trump has backed Bitcoin, Ethereum, XRP, Cardano, and Solana for inclusion in a proposed strategic crypto reserve, but these may not be the only big winners of the U.S.’s emerging crypto policy.
President Donald Trump’s November 2024 election victory sparked a wave of excitement across the entire crypto space as his pro-crypto stance promised to provide an unprecedented supportive environment for the industry.
While the tide promises to lift all boats, Trump’s policy statements suggest it would likely lift some more than others. Trump himself appears to have his list of favorites, which he recently backed for inclusion in a proposed strategic crypto reserve. These include Bitcoin (BTC), Ethereum (ETH), XRP, Cardano (ADA), and Solana (SOL).
But these may not be the only big winners.
The Select Few?
On Tuesday, March 4, crypto research and analytics platform CryptoRank shared a Venn diagram highlighting some of the likely big winners of the U.S.’s emerging crypto policy, citing factors like whether they are “made in the U.S.,” have exchange-traded funds or pending applications, have been mentioned by Trump, or have affiliations with individuals who at one point have been invited to the White House.
Besides BTC, ETH, XRP, ADA, and SOL, the standout project appears to be Avalanche (AVAX). It was built by Cornell University researchers, has a pending ETF application, and had representatives participate in a February 2025 meeting with Bo Hines, the executive director of Trump’s digital asset advisory council, at the White House.
Beyond AVAX, Sui, Filecoin (FIL), Aptos (APT), NEAR, and Movement (MOVE) are among projects with U.S. roots that have also received White House recognition in the form of the meeting with Hines.
Aptos co-founder Avery Ching recently alluded to working with Cardano founder Charles Hoskinson on U.S. blockchain policy, perhaps referring to this White House roundtable.
At the same time, MOVE was recently linked to the Elon Musk-run Department of Government Efficiency. Specifically, reports suggested that Musk was considering leveraging the blockchain to bolster government transparency.
Other honorable mentions with U.S. roots include Polkadot (DOT), Chainlink (LINK), Litecoin (LTC), and Hedera (HBAR). These all have pending ETF applications.
Trump Pump Stonewalled?
Following Trump’s election victory, the total crypto market cap surged 68% from about $2.22 trillion to highs of $3.73 trillion in just over a month. Bitcoin rallied to record highs above the $100,000 price point, and popular altcoins inked triple-digit percentage gains.
Many had expected this show of strength to continue well into Q1, but that has not been the case.
Persisting inflation and trade war fears sparked by Trump’s tariff policies have ensured that risk markets, including crypto, have been subdued recently, with sentiment quickly leaning towards pessimism.
“Until we get some certainty on tariffs/Ukraine/tax cuts/Doge cuts it is difficult to call a bottom for risk,” Standard Chartered Head of Digital Assets Research Geoffrey Kendrick wrote in a note on Tuesday.
Amid the uncertainty, Kendrick has warned that Bitcoin faces significant downside risk with a drop to the $69,000 to $76,500 range in the cards.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
