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Do You Have Made in U.S.A. Crypto? You Might Want Some...
When Trump rolled in during the 2024 election campaign his words were that he wanted all remaining bitcoin to be, ‘made in U.S.A.’ and that he would make America the ‘crypto capital of the planet’.
The two biggest crypto price tracking sites, Coingecko and Coinmarketcap both have all new categories on their websites.
On Coinmarketcap it’s the ‘Made in America’ category.[1]
On Coingecko it’s the ‘Made in U.S.A.’ category.[2]
The listings on both, are more or less the same.
· XRP ($179 billion)
· Solana ($116 billion)
· Dogecoin ($51 billion)
· USDC ($48 billion)
And the list goes on, Cardano, Chainlink, Avalanche, Sui, Stellar, etc.
These listing progressively get smaller in terms of marketcap. Coinmarketcap lists 56 different ‘Made in America’ tokens, Coingecko lists 72 ‘Made in U.S.A.’ tokens.
But why are these important? Why should you pay attention to, and consider having American crypto in your crypto portfolio?
Make Crypto Great Again
President Trump has run his presidential campaigns on the Make America Great Again (MAGA) slogan. It is a slogan borrowed from former President Reagan’s 1980 campaign.
MAGA is designed to simplify the core principles of what the policy is, to put America’s interests first above all else.
Yes, you would expect that’s the focus of every President, but Trump has been very consistent with that message. And in his winning campaign in 2024, it was this very nationalistic approach of all things for America, by America that helped him win the election.
That messaging began to flow into the crypto industry as well. And leading into the election, he cosied up to major industry players, like the big miners, MARA Holdings, RIOT, Hut 8, Cleanspark and others.
The thing that all those miners, and the big crypto exchanges, have in common is America.
They are American companies, based in America, most of them founded by Americans. And when Trump rolled in during the 2024 election campaign his words were that he wanted all remaining bitcoin to be, ‘made in U.S.A.’[3] and that he would make America the ‘crypto capital of the planet’[4] along with the move to create a US strategic bitcoin reserve.
In short, he, his advisers, and his administration see crypto as a key part of their success during the next four years.
However, and this is the key distinction to be made, it appears only if it’s American crypto. Crypto that’s made in America, benefits America, is based in America and becomes that driver of growth and wealth in America.
And if that’s the case – which it very much appears to be – then it stands to reason the crypto that shoots higher and harder than others, are the ‘Made in U.S.A.’ crypto.
Tax Free Made in U.S.A. Crypto?
My take is you don’t have to be a rocket scientist to see what could be in play here.
It might not have come on the day of the inauguration, but make no mistake, this is a pro-crypto President. He wants to use every trick in the book to attract people, capital, innovation and growth to America, and a big part of that will be through crypto.
So yes, that could mean faster and easier legal immigration for crypto innovators. It could mean federal financial support for American based crypto. And the rumours are starting to build that it could even mean substantial tax and capital gains breaks for crypto investors, but only on Made in U.S.A. crypto.
That alone could fire up the Made in U.S.A. crypto to astronomical heights and see the entire market surge higher. Sure, it might be a stretch, and may not come soon, or at all. But if it does, if he prioritises Made in USA crypto, wouldn’t you want to ensure you’ve got some in your portfolio?
Trust in crypto,
Adam Atlantic