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Shiba Inu Group Proposes SHIB to Be the Digital Asset Reserve Fund of the United States
The Shiba Inu ecosystem group has called for SHIB and BONE to be included in the newly announced strategic digital asset reserve of the United States. This comes after US President Donald Trump confirmed the establishment of a national cryptocurrency reserve including top assets such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Cardano (ADA), and XRP (XRP). After the announcement, Lucie, the marketing director of the Shiba Inu group, welcomed this move, describing it as a positive step for the cryptocurrency industry. She also expressed hope that the US government will consider adding SHIB and BONE to the reserve fund in the future.
Similar to other national reserves, digital asset reserves will require the government to purchase and hold a certain amount of cryptocurrency, which could increase their credibility and value. AI mogul and White House cryptocurrency chief David Sacks has confirmed Trump's order, stating that this project is in compliance with Executive Order 14178. Mr. Sacks stated that Trump's intention is to position the United States as a global leader in cryptocurrency. The action to support the government's large digital assets has raised speculation that other tokens, including SHIB, will be included in the future. SEC declares Shiba Inu and Dogecoin are not securities Meanwhile, the (SEC) recently clarified about meme coins, stating that assets like Dogecoin (DOGE) and Shiba Inu (SHIB) are not securities under federal law. The SEC's Division of Corporation Finance explains that meme coins, driven by social media hype and speculation, lack the investment characteristics to be considered securities. Unlike traditional stocks, meme coins do not promise profits based on managerial efforts or company earnings. This means that transactions in these tokens do not need to be registered with the SEC, and federal securities laws do not protect their owners. However, fraud or misleading advertising about meme coins will still be subject to legal intervention. This clarification provides legal support for SHIB holders but does not necessarily translate into market optimism. This decision also implies that Shiba Inu and similar assets will not have to comply with strict regulations applicable to securities, making trading and adopting them easier. Shiba Inu faces selling pressure despite market support However, the price of Shiba Inu continues to be under pressure. SHIB is trading at $0.00001374 at the time of writing, down 2% over the past 24 hours. Market commentators note that the immediate support level for SHIB at $0.00001345 is still holding firm.
The price needs to be maintained above $0.00001465 to continue the upward trend. Successfully holding at this level could push SHIB towards the $0.00001590 area. However, if support is lost, downward pressure is expected to dominate. Data on the IntoTheBlock chain shows that 40% of SHIB addresses are currently "in profit" or have gains at the current price. Meanwhile, 1% are breaking even, while 59% are at a loss. This distribution indicates that if more people hold SHIB into profitable territory, selling pressure could decrease, potentially stabilizing asset prices.