Outlook on the New Landscape and Opportunities of U.S. Crypto Regulation in a New Cycle: A Guide to U.S.-Themed Cryptocurrencies
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Outlook on the New Landscape and Opportunities of U.S. Crypto Regulation in a New Cycle: A Guide to U.S.-Themed Cryptocurrencies
Trump's electoral victory has not only driven BTC to new highs but also boosted the performance of several U.S.-related crypto projects. Below, we will focus on analyzing a few representative projects tied to the U.S. theme that are worth following and monitoring.
Navigating Web3 tides with focused insights
Following the announcement of the U.S. election results on November 5, 2024, the cryptocurrency market surged, with Bitcoin breaking through $75,000 to reach an all-time high and subsequently surpassing the significant milestone of $100,000. During his campaign, Donald Trump consistently voiced pro-crypto statements, pledging to make America the "global capital of Bitcoin and cryptocurrencies," promising to fire Gensler, and launching a DeFi project called World Liberty Financial with his family. Trump's ten policy commitments regarding cryptocurrency not only propelled Bitcoin to new highs but also boosted various U.S.-related crypto projects. With Trump’s inauguration on January 20, 2025, and expectations of potential regulatory shifts, U.S.-themed cryptocurrencies are likely to see further growth. Below, we analyze several representative U.S.-linked projects worth monitoring closely.
Cryptocurrencies Led by U.S. Teams or Companies
Ripple (XRP)
Ripple is a U.S.-based project developed by Ripple Labs, aiming to provide a low-cost, highly efficient cross-border payment solution. XRP has established partnerships with numerous major banks and financial institutions that use Ripple's technology to improve international payment processes. In December 2020, the SEC filed a lawsuit against Ripple Labs and its two executives, alleging they raised over $1.3 billion through unregistered sales of XRP since 2013, claiming it was an unregistered security. Recently, the resignation of SEC Chair Gary Gensler and anticipation surrounding the approval of an XRP ETF have driven XRP’s price performance significantly, allowing it to surpass SOL and become the third-largest cryptocurrency by market cap.
Website: https://xrpl.org/
Category: Payments
All-Time High Market Cap: $141.09B
Current Market Cap: $126.13B
Exchanges: XT.COM, Binance, Bybit, OKX, Upbit, Gate, MEXC, Bitget, Bitmart, BingX, LBank
Solana (SOL)
Solana was initiated by Solana Labs, a blockchain technology company headquartered in California, USA. Its founder, Anatoly Yakovenko, previously worked as a senior engineer at Qualcomm. Solana’s price has consistently performed well, driven both by market optimism around the potential approval of a spot Solana ETF in the U.S. and strong network fundamentals. On December 6, 2024, Trump announced the appointment of David Sacks as White House AI and Cryptocurrency Czar, making him the new “Crypto Tsar.” David Sacks was an early investor in Solana and maintained his investment even during turbulent periods like the FTX collapse, publicly stating he did not sell any SOL tokens. After Trump took office, Solana rose approximately 6% within a month, ranking fourth globally by market capitalization.
Website: https://solana.com/
Category: Layer1, Infra
TVL: $8.941B
All-Time High Market Cap: $123.09B
Current Market Cap: $103.27B
Exchanges: XT.COM, Binance, Bybit, OKX, Upbit, Gate, MEXC, Bitget, Bitmart, BingX, LBank
Sui (SUI)
Sui (SUI) is a high-performance, scalable Layer-1 (L1) blockchain platform built using the Move programming language and developed by Mysten Labs. Most of Sui’s team members were formerly part of Meta’s blockchain initiatives (Novi and Diem), including CEO Evan Cheng and co-founder Sam Blackshear, who is a core designer and developer of the Move language. After Trump took office, Sui rose about 30% within a month, ranking 15th globally by market cap.
Website: https://sui.io/
Category: Layer1, Infra
TVL: $1.55B
All-Time High Market Cap: $13.04B
Current Market Cap: $11.21B
Exchanges: XT.COM, Binance, Bybit, OKX, Upbit, Gate, MEXC, Bitget, Bitmart, BingX, LBank
Chainlink (LINK)
Chainlink (LINK) is a decentralized oracle network launched in June 2017 by San Francisco-based fintech firm SmartContract. It connects smart contracts with real-world data, enabling them to access off-chain information such as temperature and weather to trigger contract execution. Chainlink dominates the oracle market, holding over 46% market share, and is widely used across industries including finance, DeFi, gaming, NFTs, climate markets, enterprise solutions, and insurance. After Trump’s inauguration, Chainlink surged nearly 60% within a month, ranking 12th globally by market cap.
Website: https://chain.link/
Category: DeFi, Infra, Oracle
All-Time High Market Cap: $21.89B
Current Market Cap: $14.42B
Exchanges: XT.COM, Binance, Bybit, OKX, Upbit, Gate, MEXC, Bitget, Bitmart, BingX, LBank
Litecoin (LTC)
Litecoin was created on November 9, 2011, by former Google engineer Charlie Lee. Designed as a lighter version of Bitcoin, Litecoin aims to solve issues related to slow confirmation times and high transaction fees. LTC rose nearly 50% within a month after Trump took office, ranking 21st globally by market cap. The price increase was primarily driven by broad market optimism toward Trump’s policies, along with speculation about possible inclusion in crypto index ETFs and increased payment transaction volume.
Website: https://litecoin.org/
Category: Digital Currency
TVL: $5.62M
All-Time High Market Cap: $23.98B
Current Market Cap: $8.53B
Exchanges: XT.COM, Binance, Bybit, OKX, Upbit, Gate, MEXC, Bitget, Bitmart, BingX, LBank
Uniswap (UNI)
Uniswap is a decentralized exchange (DEX) built on the Ethereum blockchain, founded by Hayden Adams in 2018. It has evolved through multiple versions—from V1 to V3—each introducing new features and optimizations. V2 enabled ERC-20 to ERC-20 swaps, while V3 introduced concentrated liquidity and tiered fee structures. UNI holders participate in governance, including proposing, voting on, and deciding platform upgrades. Additionally, UNI tokens incentivize liquidity providers and community engagement. After Trump’s inauguration, Uniswap surged nearly 70% within a month, ranking 19th globally by market cap.
Website: https://app.uniswap.org/
Category: DeFi, DEX
TVL: $6.293B
All-Time High Market Cap: $22.61B
Current Market Cap: $9.38B
Exchanges: XT.COM, Binance, Bybit, OKX, Upbit, Gate, MEXC, Bitget, Bitmart, BingX, LBank
Maker (MKR)
Maker is a decentralized autonomous organization (DAO) based on Ethereum, founded in 2014, best known for creating and managing the decentralized stablecoin Dai (DAI). MKR holders govern the Maker protocol and receive associated rights. As a governance token, MKR is used to pay stability fees; when users repay DAI, part of the fee must be paid in MKR, which is then burned. After Trump took office, MKR rose nearly 30% within a month, ranking 68th globally by market cap.
Website: https://makerdao.com/en/
Category: DeFi, DAO
TVL: $5.498B
All-Time High Market Cap: $5.95B
Current Market Cap: $1.73B
Exchanges: XT.COM, Binance, Bybit, OKX, Upbit, Gate, MEXC, Bitget, Bitmart, BingX, LBank
Compound (COMP)
Compound was founded by two alumni from the University of Pennsylvania and is an Ethereum-based smart contract platform that allows users to lend and borrow tokens while earning interest. It uses algorithms to adjust interest rates dynamically based on supply and demand, enabling automated pool adjustments. Headquartered in the U.S., most team members—including legal advisor Jake Chervinsky—are American professionals with deep experience in U.S. fintech and crypto sectors. After Trump’s inauguration, Compound surged around 100% within a month, ranking 117th globally by market cap.
Website: https://compound.finance/
Category: DeFi, Lending
TVL: $2.872B
All-Time High Market Cap: $4.22B
Current Market Cap: $865.49M
Exchanges: XT.COM, Binance, Bybit, OKX, Upbit, Gate, MEXC, Bitget, Bitmart, BingX, LBank
Other Related Projects
Avalanche (AVAX)
Avalanche is a scalable smart contract platform launched in September 2020 by Ava Labs, backed by investors such as a16z and Polychain. Designed for developers, it enables fast transactions using its innovative consensus mechanism and subnet infrastructure. Its potential lies in supporting diverse applications, enhancing market stability, and promoting financial inclusion—especially through liquid staking tokens and collaborations with emerging-market fintech solutions. Strong EVM compatibility has attracted game developers, though TVL growth has faced prolonged stagnation.
Website: https://www.avax.network/
Category: Layer1, Infra
TVL: $1.5B
All-Time High Market Cap: $28.00B
Current Market Cap: $18.05B
Exchanges: XT.COM, Binance, Bybit, OKX, Upbit, Coinbase, Kraken, Bitget, etc.
Arbitrum (ARB)
Arbitrum is a leading Ethereum scaling solution founded in 2018 by Offchain Labs, with investments from prominent firms including Pantera Capital, Alameda Research, and Coinbase Ventures. The ARB token launched in 2023 and gained widespread attention due to generous airdrops to early users. It supports high-speed, low-cost transactions and hosts a robust ecosystem of decentralized applications. With over 600 projects and 2,000 active developers, Arbitrum leads the Layer 2 space, and its TVL continues to grow.
Website: https://arbitrum.foundation/
Category: Layer2, Infra
TVL: $3.29B
All-Time High Market Cap: $4.84B
Current Market Cap: $3.82B
Exchanges: XT.COM, Binance, Bybit, OKX, Upbit, Coinbase, Kraken, Bitget, etc.
Optimism (OP)
Optimism is a Layer 2 blockchain solution leveraging Optimistic Rollups technology to enhance Ethereum’s scalability by reducing gas fees and increasing transaction speed, making dApps more user-friendly. Compared to other L2 projects, it has attracted adoption from large enterprises such as Coinbase and Sony, strengthening its market position. While currently trailing Arbitrum in TVL, Optimism shows steady growth in user base and activity levels.
Website: https://www.optimism.io/
Category: Layer2, Infra
TVL: $769.5M
All-Time High Market Cap: $4.57B
Current Market Cap: $2.79B
Exchanges: XT.COM, Binance, Bybit, OKX, Upbit, Coinbase, Kraken, Bitget, etc.
Filecoin (FIL)
Filecoin is a decentralized storage network created in 2017 by Juan Benet, who also invented the InterPlanetary File System (IPFS). Using blockchain technology, Filecoin creates a tamper-proof marketplace for data storage, enabling secure data storage and retrieval. Its potential lies in addressing data privacy concerns and offering cost-effective alternatives to traditional cloud providers. In 2017, FIL raised over $257 million through its token sale—one of the largest ICOs at the time. Despite remaining the leader among mining-based cryptocurrencies, FIL has dropped from a high of $200 to around $6 today.
Website: https://filecoin.io/
Category: Layer1, Infra
TVL: $94.73M
All-Time High Market Cap: $11.82B
Current Market Cap: $3.8B
Exchanges: XT.COM, Binance, Bybit, OKX, Upbit, Coinbase, Kraken, Bitget, etc.
Tezos (XTZ)
Tezos is a veteran decentralized blockchain platform designed for Web3 applications, known for its eco-friendly architecture and low gas fees. With strong support for gaming, DeFi, and generative art, combined with a unique on-chain governance model, Tezos holds great potential in fostering innovation and attracting developer communities. It raised $232 million in its 2017 ICO—one of the largest fundraisers at the time, similar to FIL. Today, Tezos powers digital art galleries, supports various NFT platforms, and hosts multiple gaming projects. With the recent recovery in the NFT market, XTZ may see a strong performance.
Website: https://www.tezos.com/
Category: Layer1, Infra
TVL: $57.04M
All-Time High Market Cap: $6.88B
Current Market Cap: $1.41B
Exchanges: XT.COM, Binance, Bybit, OKX, Upbit, Coinbase, Kraken, Bitget, etc.
1inch (1INCH)
1inch Network was founded in 2019, with key investors including Pantera Capital, Binance Labs, Amber Group, and Alameda Research. It is a decentralized exchange (DEX) aggregator that sources liquidity from multiple DEXs to offer traders the best prices and lowest fees. Through its Fusion+ upgrade, 1inch enhances cross-chain crypto swaps, ensuring secure and efficient atomic exchanges. Its unique approach optimizes trading fees, protects users from MEV attacks, and simplifies blockchain interactions for developers. However, due to Ethereum’s declining momentum, 1inch’s TVL has been significantly impacted, losing ground to DEXs on Solana.
Website: https://1inch.io/
Category: DeFi, DEX, DEX Aggregator
TVL: $6.6M
All-Time High Market Cap: $1.26B
Current Market Cap: $619.1M
Exchanges: XT.COM, Binance, Bybit, OKX, Upbit, Coinbase, Kraken, Bitget, etc.
Sushiswap (SUSHI)
SushiSwap is a decentralized exchange (DEX) launched in September 2020, originally forked from Uniswap, offering comprehensive DeFi services across multiple chains, including swapping, lending, and NFTs. Its Automated Market Maker (AMM) mechanism sparked an innovation wave in 2021. Currently, SushiSwap is expanding its blockchain network support and launching a new DEX on Solana to improve interoperability and market coverage. SUSHI performed exceptionally last week, rising over 200% in one month, although plans for the treasury to liquidate SUSHI holdings have introduced greater uncertainty.
Website: https://www.sushi.com/
Category: DeFi, DEX
TVL: $226.2M
All-Time High Market Cap: $2.91B
Current Market Cap: $521.3M
Exchanges: XT.COM, Binance, Bybit, OKX, Coinbase, Kraken, Bitget, etc.
Celestia (TIA)
Celestia is the world’s first modular blockchain, separating consensus from execution to enhance scalability, flexibility, and interoperability for decentralized applications. Celestia entered public awareness in 2023, providing a platform where developers can build new public blockchains and use the native TIA token to pay gas fees and stake for rewards.
Website: https://www.celestia.org/
Category: Infra, Modular, DA
TVL: /
All-Time High Market Cap: $3.93B
Current Market Cap: $3.02B
Exchanges: XT.COM, Binance, Bybit, OKX, Coinbase, Kraken, Bitget, etc.
Cosmos (ATOM)
Cosmos is a decentralized network of independent blockchains focused on interoperability, scalability, and efficiency, enabling seamless communication between chains. Conceived in 2014, Cosmos raised over $17 million in its 2017 ICO and officially launched in March 2019. Its potential lies in solving blockchain fragmentation, encouraging innovation, and building a unified ecosystem. Recent organizational developments, including the formation of Interchain Inc., have generated excitement and optimism within the Cosmos ecosystem. However, overall market focus may not center on cross-chain communication at this stage.
Website: https://cosmos.network/
Category: Infra
TVL: $1.38M
All-Time High Market Cap: $10.97B
Current Market Cap: $3.15B
Exchanges: XT.COM, Binance, Bybit, OKX, Coinbase, Upbit, Kraken, Bitget, etc.
XYO Network (XYO)
XYO is a decentralized location oracle network that launched on mainnet in April 2019. Using a trustless cryptographic proof system, it enhances verification of geospatial data, ensuring high accuracy and security. In the IoT space, XYO provides blockchain-based location data and addresses critical vulnerabilities in location tracking. The XYO token incentivizes data collection and consumption within the network. Key competitors include Chainlink, Pyth Network, and RedStone. During last week’s altcoin rotation, XYO frequently topped gain charts, making its future performance worth watching.
Website: https://xyo.network/
Category: Infra, Oracle
TVL: /
All-Time High Market Cap: $980.1M
Current Market Cap: $370.8M
Exchanges: XT.COM, Coinbase, Kucoin, Gate, etc.
Conclusion
The above projects have all made strong entries into the public eye. As Arthur Hayes said, “We need to distinguish which companies truly hold value and which are mere imitators.” Identifying genuinely innovative projects among many is crucial. When evaluating projects, beyond technical strength and product implementation, attention should also be paid to the team’s execution capability and whether they deliver on promises. Although the U.S. regulatory environment remains uncertain—with major projects potentially receiving Wells Notices at any time—many project teams, even if based in the U.S., often register in more crypto-friendly jurisdictions. The policy landscape is likely to shift positively soon. Both Trump and newly appointed White House AI and Crypto Czar David O. Sacks are strongly pro-crypto. David previously led investments at Craft Ventures in crypto asset manager Bitwise, digital securities platform Harbor, and crypto VC Multicoin. He also co-invested with Multicoin in the decentralized mapping network Hivemapper in April 2022, demonstrating extensive industry experience. Our task is to seize this critical window of policy and capital shifts, positioning ourselves ahead of capital inflows, and advancing into this bull market.
[Disclaimer] This article is for informational purposes only and does not constitute any investment advice. Investing involves risks; please proceed with caution. Readers should independently evaluate the content and bear full responsibility for their investment decisions and outcomes.
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