Recently, Trump stated that the US will consider establishing a "Crypto Strategic Reserve" in the future, which includes not only BTC and ETH, but also SOL, XRP, and ADA. The overall crypto market surged in response, with the biggest gains seen in the "US Three Strongmen" - SOL, XRP, and ADA - providing a much-needed boost to the crypto market during a downturn. However, the rally was short-lived, and the overall market retreated back to the pre-Trump speech Bitcoin price of $83,000.

The crypto market has been like a roller coaster these days, with sharp rises and falls. Trump's remarks have had a deep impact on crypto prices, but the more important concept being conveyed is "America First". Trump's "America First" concept applies not only to the crypto market, but is the core of his presidential goals, from his talks with Zelenskyy to demanding that TSMC (Taiwan Semiconductor Manufacturing Company) increase its investment in the US.

Returning to the crypto market, it is believed that in the future, Trump's comments related to cryptocurrencies will still be made under the premise of "America First". Therefore, this article will review five crypto assets closely related to the US, which may potentially benefit from political dividends.

Chainlink (LINK)

Chainlink is the most mainstream decentralized oracle in the crypto field, founded by an American team, providing crucial blockchain infrastructure for off-chain data to be brought on-chain. Recently, Chainlink collaborated with the US Securities Depository and Clearing Corporation (DTCC) and major US financial institutions like JPMorgan Chase to complete an experiment called "Smart NAV", successfully publishing key mutual fund data to the blockchain via Chainlink's cross-chain interoperability protocol CCIP.

This experiment proved that traditional financial data can be seamlessly integrated into the blockchain through Chainlink, paving the way for the future tokenization of large-scale assets. As US financial institutions begin to embrace blockchain technology, Chainlink, as the leading oracle, will become the bridge connecting traditional finance and the crypto world.

In addition to its connections with US traditional finance, Chainlink also frequently participates in US policy dialogues. In late February this year, the team held a private meeting in Washington, D.C., inviting US government representatives to discuss the impact of blockchain on the future financial system. This also represents that Chainlink has the space to engage in dialogue with the US government at the highest level, which is different from other crypto projects in terms of personal connections.

Furthermore, Chainlink has announced a collaboration with the DeFi project WLFI (World Liberty Financial), which is supported by Trump, to utilize its oracle technology to provide on-chain data and cross-chain services.

As one of the most important infrastructures in the crypto market, LINK itself already has stronger real-world applications compared to other projects. Combined with its connections to the US government and the adoption by traditional finance, the position of LINK as a "US-made" infrastructure token is unshakable.

• Market Cap: $8,789,128,324
• Market Cap Rank: 16
• 30-Day Price Change: -39.5%

Ondo Finance (ONDO)

Ondo Finance is the leading player in the RWA (Real-World Assets) space, with its main function being the tokenization of US Treasuries, allowing crypto users to also enjoy the yields of US Treasuries.

The renowned crypto investment firm Pantera has pointed out that tokenization platforms like Ondo are competing head-to-head with Wall Street giants like Franklin Templeton and BlackRock, aiming to bring the over $20 trillion US Treasury market onto the blockchain.

In fact, Ondo has already launched an on-chain US short-term Treasury fund product called OUSG, with an asset management scale of around $229 million, and has collaborated with BlackRock and Securitize to integrate OUSG into the DeFi ecosystem.

In addition to partnering with traditional asset management companies, Ondo Finance recently collaborated with the credit card giant Mastercard, becoming the first service provider on its Multi-Token Network (MTN) to offer tokenization of real-world assets. This collaboration allows institutions and enterprises to directly invest in US short-term Treasuries through the blockchain and earn stable daily yields. For US investors, the appeal of ONDO lies in its combination of the stability of traditional US financial instruments (such as Treasury bills) and the efficiency of cryptocurrencies, meaning that Ondo not only has an innovative technical solution, but also has the support of traditional financial giants.

In terms of regulation and government friendliness, Paul Atkins, the newly appointed SEC chairman nominated by Trump, previously served on the advisory board of Securitize, the company that collaborates with BlackRock and Ondo to promote security tokenization. This personal connection suggests that the US regulatory authorities are expected to take a more open attitude towards compliant tokenization businesses like Ondo in the future.

At the same time, Ondo is one of the few crypto assets held by WLFI (World Liberty Financial), a DeFi project supported by Trump, with a current holding of 340,000 ONDO, valued at around $316,000.

As the RWA leader, Ondo's TVL dominance is unparalleled, and its close connections with traditional finance and the US government, as well as being one of the few tokens held by WLFI, make the "US-made" attributes of Ondo undeniable.

• Market Cap: $2,896,135,618
• Market Cap Rank: 40
• 30-Day Price Change: -31.1%

Hedera Hashgraph (HBAR)

Most users are not familiar with HBAR, as it is an old project from the previous cycle, created in 2018 by Dr. Leemon Baird and Mance Harmon, with the mainnet launching in 2019. Hedera has long attracted many well-known Web 2.0 partners and clients, such as Google, IBM, Boeing, LG, and Tata. Recently, Hedera also announced its foray into the RWA market, launching an open-source toolkit for configuring, issuing, and managing tokenized bonds and stocks on the Hedera network.

In the RWA application area, they have launched the DOVU carbon credit trading platform, which can tokenize credit quotas and convert them into crypto assets, allowing enterprises, governments, and individuals to utilize them.

In 2023, the US Federal Reserve's instant payment system FedNow will include a Hedera network-based micropayment platform called Dropp as a service provider. Dropp allows merchants to accept small payments and supports the use of HBAR as a transaction currency, even being incorporated as part of the official payment ecosystem. The news of this integration caused a significant price surge in HBAR, reflecting the market's optimistic expectations about Hedera's relationship with the US government.

In addition to FedNow, HBAR is also seen as one of the crypto assets that may benefit from an improved US regulatory environment. The team has emphasized compliance from the beginning, clearly stating their desire to cooperate with regulators and develop tools to assist enterprises in fulfilling consumer protection and regulatory compliance obligations. Due to the participation and support of large US enterprises, HBAR is considered one of the crypto assets with the strongest "US concept" attributes. The market generally believes that under a US-friendly policy environment, Hedera will have a better chance of gaining institutional adoption, such as the potential approval of a crypto spot ETF including HBAR by the US SEC, which could serve as a catalyst for the Hedera ecosystem.

• Market Cap: $9,568,963,706
• Market Cap Rank: 13
• 30-Day Price Change: -19.5%

Stacks (STX)

Stacks' connection to the US can be traced back to its founding stage: as early as 2019, Stacks (formerly Blockstack) was the first crypto token project in US history to receive SEC-compliant approval for a public offering, setting a precedent for compliant crypto fundraising.

This means that STX has been highly aligned with the US regulatory system since its inception, being hailed by the industry as a "positive example" of compliance. From a technical perspective, Stacks brings smart contract functionality to the Bitcoin ecosystem, allowing users to build DeFi, Non-Fungible Tokens (NFTs), and other applications on top of Bitcoin's security. As multiple US states discuss incorporating Bitcoin into their treasury reserves, and the federal government focuses on Bitcoin applications, projects like Stacks that emphasize integration with Bitcoin may benefit from the increased attention on Bitcoin's status.

The friendly policy of the Trump administration may encourage more innovative projects to develop in compliance in the United States, which is exactly the path Stacks has been taking. STX, with its compliant background and technical features, is just tapping into the two key points of the current crypto narrative in the United States: legality and the Bitcoin ecosystem.

• Market Cap: 1,030,949,384
• Market Cap Ranking: 83
• 30-Day Price Change: -43.1%

Stellar (XLM)

Stellar is a blockchain platform that focuses on cross-border payments and asset transfers, with the distinctive feature of its extensive cooperation with the US financial circle. One of the cases is that the asset management giant Franklin Templeton launched an innovative fund in 2021, which was the first mutual fund approved by the US regulatory authorities to use a public blockchain to process transactions and record shares.

This fund uses the Stellar blockchain to record shares and rebalance the investment portfolio, with the asset portfolio including low-risk US government securities. In other words, XLM assists in onboarding traditional investment products on Wall Street to the blockchain and maintaining their operation, proving its feasibility in the compliant finance field. Furthermore, the Stellar Development Foundation (SDF) is also very active in US politics. They have a lot of connections in Washington, D.C. and actively participate in the lobbying and discussion of crypto and stablecoin bills on Capitol Hill.

Therefore, if the US introduces a favorable regulatory framework or incorporates blockchain into the financial infrastructure, the market attention and beneficiary probability of XLM will also increase significantly.

• Market Cap: 8,677,224,786
• Market Cap Ranking: 17
• 30-Day Price Change: -27.5%

Conclusion: The crypto world is moving towards the "Made in the USA" narrative

From the order of President Trump, to the gradual warming of the US regulatory climate, "Made in the USA" cryptocurrencies are quietly becoming the new focus of the market. Chainlink, Ondo Finance, Hedera Hashgraph, Stacks, and Stellar, these five tokens have their own characteristics, some bridging traditional finance, some promoting asset tokenization, some gaining recognition from enterprises and governments, and some endowing Bitcoin with new functions. If the US continues to release positive policies in the future, these US-concept tokens may see a wave of capital inflows.