crypto may be a global phenomenon digital Global yes it’s it’s Global but the US has all the attention right now so much so that there’s even a brand new category for crypto projects made in the USA with a proc crypto president installed into the White House this could become a massive narrative my name is Nick and by the end of this video you’ll know everything there is to know about us-based cryptos why this narrative could be huge and which cryptos could benefit from a trump presidency let’s dig in before we begin let’s set this straight Financial advice is not on my plate I don’t tell you what to buy or sell your money your risk so uh choose it well crypto’s wild the stakes are high you could win big or watch it all die always D yo R and think well ahead or you might just wish you stayed in bed instead it like subscribe if you’re here to stay and with that out of the way let’s talk USA USA USA USA USA now as you’ll know the 20th of January saw president Donald J Trump assume his old job as the leader of the most powerful country on Earth and while some people dread the idea of another four years with the orange man the vast majority of crypto holders and investors have welcomed him with open arms to celebrate Trump’s inauguration a brand new crypto category was added to price tracking sites such as coin market cap and coin gecko called yep you guessed it made in USA but what exactly qualifies a crypto project as us made well it’s uh pretty simple really basically so long as the crypto project has strong ties to the US then well it’s uh made in America so this could be a us-based founding team the project headquarters being located in the US or even if the project is tied to a high-profile American personality when coin geeko announced the new category had been added there were just 18 projects these included big names like xrp salana and suie to name just a few as well as other projects linked to major US personalities like oh uh I don’t know the US president and his wife yep the Trump and Melania mean coins were included in that list of 18 cryptos as well as the yet to launch WLFI token which is for president Trump’s very own protocol World Liberty Financial honestly we’re still trying to wrap our heads around how crazy that sounds when you say it out loud the thing is though there’s a lot more than 18 cryptos that are rooted in the US meaning that many projects were left out uh for example neither algo and nor cardono got a mention so in crypto’s true tribalistic fashion fans of these cryptos kicked off coin gecko clearly acted quickly because at the time of shooting the list of made in USA cryptos is now 199 projects long and it could be even more by the time you actually watch this video anyway this new category naturally got people talking about how us-based cryptos have an advantage and this excitement was heightened when it was rumored that Ripple CEO Brad garlinghouse had spoken with Trump about building a crypto Reserve that diversifi iise its Holdings Beyond just Bitcoin naturally this put xrp as the Forefront to help full such a reserve as a direct result xrp became one of the most traded coins on coinbase and binance second only to BTC and needless to say flew to a new all-time high however this Buzz was uh shortlived according to a report from Unchained three sources stepped forward to say that rumors of an altcoin Reserve consisting of us made cryptos was exactly that a rumor allegedly started by unspecified employees of uh Ripple Labs after Unchained published this article Ripple lab spokesperson Susan hendrik denied these allegations although she didn’t specify exactly which allegations she was referring to make of that what you will if that wasn’t crazy enough it’s believed that Trump spoke to the Ripple team but uh not in a good way apparently he said quote you guys made this amount of money last year and you’re going to make so much more now because of me but when I needed you where the were you you weren’t with me and maybe you were with Camala Harris again this is according to Unchained but it could be plausible for context Ripple’s co-founder Chris Larson had reportedly donated millions of dollars to support Camala Harris’s presidential campaign many political analysts believe that Revenge will be a key theme of Trump’s second term and this could foreshadow issues for xrp despite it being a maid in America crypto a purely due to the actions of one of Ripple’s Executives of course this assumes that a made in America altcoin Reserve is a real thing and not just a rumor started by whoever and by the way if you want the full Lowdown on xrp and the second Trump Administration then you can watch our video right over here question of exactly why the made in USA category is so important the answer is regulation Once Upon a Time the US was the worst place for the crypto industry to be it looks like it could soon become the best place for the industry to be as the regulatory backdrop in the US improves this significantly reduces the risk that American crypto projects will face unwarranted scrutiny from bodies like the SEC in other words as policies improve us-based projects should see a serious boost the wheels of these policies were recently set in motion when Trump signed various executive orders one of which created the Presidential working group on digital asset markets yep it’s uh quite a mouthful and not nearly as catchy as Doge this working group will focus on creating clear federal regulations that benefit digital assets and quote will evaluate the creation of a strategic National digital assets stockpile the exact wording for that last bit is important and we’ll come back to why a bit later in the video notably the working group will be shared by White House Ai and crypto Zar David sax among others meanwhile other executive orders related to crypto include identifying existing crypto legislation that needs changing reversing policies that stifled crypto Innovation and banning the creation or promotion of Central Bank digital currencies or cbdcs nice as you’ll also know more Capital enters the crypto Market from the US than any other country according to a 2023 report report from chainalysis the US represents around a quarter of crypto transactions which is actually pretty wild more recently the excitement about Trump’s presidency and the associated meme coins have changed this in a big way according to a recent coin shares report sentiment in the week leading up to Trump’s inauguration caused us Capital inflows to go nuts 90% of investments in that week were concentrated in the US with a total volume of 2 trillion that’s insane the biggest beneficiary of this excitement was of course btz Bitcoin link funds made up a staggering 86% of total inflows at $1.9 trillion and this makes sense when you consider btc’s expected role as a national reserve and the institutional interest that brings so then by now you’re probably wondering which cryptos fall under the made in USA category well as we mentioned earlier there’s a total of 19 9 of them right now and these are as follows relax just kidding rather than making this the longest video on YouTube uh why don’t we take a look at some of the top cryptos that fall under the made in USA umbrella let’s start with salana uh for those unfamiliar salana was developed by salana Labs which is based in San Francisco salana is perhaps the most obvious beneficiary of the whole made in USA thing and that’s simply because it was the goto chain for launching the recent Trump and Melania meme coins not only that but Eric Trump reportedly holds a bag of soul and Trump’s crypto Zar David saaks is a vocal advocate for the salana blockchain so it stands to reason that any policies introduced would likely work in Sal’s favor which could of course cause Soul’s price to Rally there’s also sui which is arguably Solana’s top competitor sui’s development is coordinated by miston Labs which is based in California what’s crazy is that Eric also reportedly holds sui in his portfolio which took many people by surprise and that’s simply because while sui is well established in the crypto space it doesn’t exactly have a huge public profile outside of crypto at least not yet and when you realize that Eric is heavily involved in World Liberty Financial it’s perhaps not surprising that he holds suie and soul heck we wouldn’t at all be surprised if Eric was behind the Trump family meme coins too then again Baron could be the real Mastermind and certainly has an heir about him that just suggest he knows something us plebs don’t or is it just me anyhow another crypto project that could benefit from Trump’s policy changes is cardano now this may be surprising to hear since the cardano foundation is based in Switzerland but Charles hoskinson was born in Hawaii and is currently based in Colorado I mean the guy literally has his own buffalo ranch I mean it doesn’t get more American than that and not only that but char Char hoskinson also met with Trump’s team in 2024 to discuss crypto policy and it’s possible he will play a role in shaping it another crypto that could benefit is chain link which is headquartered in New York link could be one of the biggest beneficiaries of Trump’s Pro crypto stance and his crypto activities since chain link is a protocol that powers World Liberty financial and indeed World Liberty Financial owns a ton of Link itself and this brings us to a few elephants in the room that we uh need to address as we hinted at earlier there is a lot of speculative excitement in the crypto Market about the potential benefits we’ll see thanks to Trump’s policy changes for instance there are rumors of zero taxes on cryptos made in the USA and what’s more is that these rumors are based on statements made by Eric Trump at a presentation he did in Abu Dhabi in December last year for context Eric suggested that us-based cryptos could benefit from zero capital gains tax on the other hand he seemed to suggest that crypto project based outside of the US would be subject to higher rates of capital gains tax at around 30% now if what Eric says actually happens the US would see a flurry of crypto projects launching on Shore and besides this was literally Trump’s own son who said this so it’s bound to happen right well sadly not and this is for several reasons the biggest of which has to do with political opposition you see any significant tax changes would require appr approval from Congress which means that it needs to First be debated and given that zero taxes on crypto would be considered an extreme change this proposal would probably see more resistance than most in fact The Joint Committee on taxation estimates that taxes from wash trading could raise 16.8 billion in Revenue over a decade so they’re not going to want to let that one go heck removing crypto taxes would only exacerbate any concerns of tax evasion so then 0 % crypto taxes is pretty much a nogo I know it sucks but thankfully though there are some other more viable alternatives for example there’s the option to introduce something called Dem Minimus exemptions which is basically a small tax-free thresold for daily transactions and this would also help simplify reporting since you wouldn’t need to do unnecessary maths every time you spend your crypto on a coffee alternatively the us could introduce holding carod exemptions similar to countries like Germany or Portugal where any crypto huddled for over 12 months is tax-free or the us could introduce friendlier tax policies for crypto Mining and on stake in rewards which would not only benefit investors but would also help secure any proof of stake or proof of work networks for crypto projects based in the US so then that’s uh one elephant out of the way but the other elephant in the room has to do with the US building a crypto reserve and that’s because Trump’s specific wording in the executive order seems to suggest that the government crypto plans aren’t quite what many people were expecting one part of the executive order includes the following excerpt quote the working group shall evaluate the potential creation and maintenance of a national digital asset stockpile and propos criteria for establishing such a stockpile potentially derived from cryptocurrencies lawfully seized by the federal government through its enforcement efforts translation the US government can huddle the crypto it owns and any more that US law enforcement seizes in the future however this order doesn’t authorize the government to purchase more BTC H that said though there does seem to be some strategy in place for Congress to create such a crypto Reserve essentially the Senate Banking Committee where Senator santhia lamus was recently appointed as chair will begin drafting legislation that allows the US government to purchase new BTC this will likely be for 1 million BTC to be purchased over 5 years as per the Bitcoin Act of 24 that Senator Cynthia lumus herself put forward during Trump’s election campaign so then this begs the question of whether this made in the USA thing could really take off or if it’s all just hype well as it happens we reckon this category actually has some serious potential and that’s simply due to the regulatory changes we discussed earlier Trump’s policy changes are in themselves bullish for crypto but so are the teams he’s building to support the industry and this could create some serious Tailwinds that would push the crypto market up to new all-time highs some of these Tailwinds include selecting Pro crypto SEC commissioner Hest Pierce to lead a brand new crypto task force or working alongside the Department of government efficiency aka the Doge Trump’s Administration also recently revoked the Sab 121 rule which basically means that banks will now be able to offer crypto custody services and this will help institutional investors feel more comfortable with depend their toes in crypto and will allow publicly traded companies to feel comfortable adding Bitcoin to their balance sheets the improving regulatory landscape for crypto in the US could even cause dozens if not hundreds of crypto projects to return to the US in case it wasn’t clear enough the land of the free was not the best place for crypto projects and companies over the last few years as a result many of them chose to Simply move offshore to other countries that were more welcoming needless to say this could all change now that things are looking up on the regulatory front we also think that the made in the USA narrative could create an incentive for other jurisdictions to become more Pro crypto in order to compete possibly including anti- crypto jurisdictions such as China and speaking of China did you notice that coin gecko also has another category called yep you guessed it made in China notably this list is much shorter than the made in the USA category with just 11 cryptos at the time of shooting to be fair it’s more likely that this was just a continuation of the US hype especially given that coin gecko announced this category on the 29th of January a Chinese New Year however this category was actually created a few days before being announced so there’s also the chance that this was set up more as competition uh coin gecko is based in Malaysia after all tin foil hats to one side though we can probably expect to see similar Trends in other parts of the world for example if the EU decides to create more positive crypto regulation then we could see a made in Europe Category 2 yeah a bit of a long shot uh to be fair but anyway back to us-based cryptos because there are some risks and considerations to think about firstly experts have warned that the made in the USA narrative relies heavily on the ability of the US to deliver on policy now quite frankly any underperformance here would spook the market and could be short-term bearish for crypto as a whole it’s also worth keeping in mind that Trump is notoriously unpredictable and things could change at a moment’s notice and if there’s anything the market hates it’s uncertainty in any case though it’s clear that a lot of us-based cryptos will benefit from Trump’s policy changes which means you have plenty of cryptos to choose from to do your research on the only catch is that this could take some time to figure out which of these cryptos have potential and and that’s
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