What Are American Concept Coins? What Is Their Development Outlook?

TradingKey- With Biden's departure and Trump's election as the new U.S. President, the development of cryptocurrencies in the United States has undergone a dramatic shift—from hostile crackdowns to a friendly embrace. This change has brought new hope to the crypto market, making U.S.-based or U.S.-related concept coins highly popular. 

Currently, what are the U.S.-based cryptocurrencies? Which American concept coins are worth watching the most? What does the future hold?

What Are American Concept Coins?

Before former U.S. President Joe Biden left office, there was no such term as "American concept coins." However, after Donald J. Trump took office, he implemented crypto-friendly regulations, signed executive orders to end the Biden administration's war on cryptocurrencies, and proposed plans to establish a Bitcoin national strategic reserve. As a result, the market speculated that, in addition to Bitcoin, the U.S. might consider other altcoins for diversification, with U.S.-related virtual currencies likely receiving priority.

American concept coins refer to cryptocurrencies issued by U.S. companies or individuals. However, some cryptocurrencies, though not issued by U.S.-based companies or citizens, are regulated by U.S. institutions and are also considered American concept coins. Simply put, American concept coins are virtual currencies either issued or regulated by the United States.

What Is the Future of American Concept Coins?

With an emerging sector of cryptocurrencies issued or regulated by the U.S., the future of American concept coins depends largely on whether the U.S. supports or opposes their development. Overall, the Trump administration leans towards the support of cryptocurrency development, which will benefit American concept coins.

Currently, Trump has repeatedly expressed public support for cryptocurrencies, accepted crypto donations, issued NFTs, and made several crypto-related promises, such as firing former SEC Chairman Gary Gensler, pardoning Silk Road founder Ross Ulbricht, and establishing a dedicated Presidential Advisory Committee on Cryptocurrencies. These actions indicate a shift from hostility to embrace in U.S. crypto regulation. Trump stated, "I have signed an executive order to end the Biden administration's war on Bitcoin and cryptocurrencies, marking the dawn of a new era for digital assets."

Additionally, the SEC has shifted from a repressive regulatory approach to a more lenient one, withdrawing appeals on DeFi rulemaking, dropping investigations into crypto projects like Coinbase, Gemini, Uniswap Labs, and OpenSea, and reviewing spot ETF applications for altcoins like XRP, SOL, and ADA. This regulatory relaxation has eliminated potential fines and lawsuits for these projects and reduced future regulatory uncertainties.

Another significant factor is Trump's proposed cryptocurrency strategic reserve plan. The market anticipates that, in addition to Bitcoin, some American concept coins might also be included. If this realizes, the selected virtual currencies could see significant price boosts.

What Challenges Do American Concept Coins Face?

Despite Trump's ambitious plans, such as establishing a Bitcoin strategic reserve and turning the U.S. into the global capital of cryptocurrencies, their realization remains uncertain, adding volatility to the future of American concept coins.

On January 20, 2025, Trump was inaugurated as the 47th U.S. President at the Capitol. Following this, several states advanced Bitcoin reserve proposals, though progress has been mixed. As of now, 25 states (about half) have proposed Bitcoin reserve bills, but five states—North Dakota, Pennsylvania, South Dakota, Ohio, and Montana—have rejected them.

Bitcoin's high volatility is a key reason for the rejections. Patrick Fleming, Chief Investment Officer of Ohio's Treasury and a crypto supporter, ultimately voted against the bill, stating, "As an individual investor, I believe in Bitcoin, but as a state investment officer, it is not suitable to invest in such a highly volatile asset for state finances."

While 20 states have yet to decide, the rejections may influence others. Moreover, if Republican-led states struggle to pass such bills, the federal government may face even greater challenges. Last year, a federal-level reserve bill was submitted and is currently in the hearing preparation stage.

Additionally, the sustainability of crypto-friendly regulations remains uncertain. Trump has appointed crypto-friendly individuals to key positions, such as the SEC, the Presidential Advisory Committee on Technology, and the Office of Government Efficiency, reducing resistance to crypto development. However, future administrations might abandon Trump's policies, potentially opposing or even cracking down on cryptocurrencies, posing a significant challenge for American concept coins in four years.

What Are the American Concept Coins?

According to CoinMarketCap data, as of February 28, there are 128 American concept coins, covering nearly all aspects of cryptocurrency infrastructure and applications, including public chains, stablecoins, payments, DeFi, MEME, NFTs, AI, and more.

Based on market capitalization, the top 50 American concept coins are as follows:

Top 50 American Concept Coins by Market Capitalization, Source: TradingKey.

Which American Concept Coins Are Worth Watching The Most?

With over 100 American concept coins, it's impractical to monitor all of them. Therefore, selection should be based on individual preferences, such as risk tolerance and future expectations.

From a market capitalization perspective, priority should be given to XRP, SOL, USDC, DOGE, ADA, and others. Note that USDC is a stablecoin with relatively stable prices and lacks investment appeal, so it can be excluded.

Additionally, the market widely expects the SEC to approve spot ETFs for altcoins like XRP, SOL, DOGE, ADA, LTC, AVAX, DOT, and HBAR, which could boost their prices. Currently, LTC is considered the most likely to be approved, with a 90% probability.

Ultimately, individuals can choose based on their own criteria. If focusing solely on the above dimensions, XRP is a top priority. For those seeking diversification, SOL, DOGE, ADA, and others can also be considered.