Emre Yumlu 
The Australia government has no plans to follow the Trump administration’s lead in stockpiling XRP, Solana, Cardano, Ether, and Bitcoin.
Australian Government Not Planning Strategic Crypto Reserves
Despite U.S. President Donald Trump’s decision to create a strategic crypto reserve including XRP, Solana, Cardano, Bitcoin, and Ether, the Australian government is not working on such a plan. A spokesperson for Australian Treasurer Stephen Jones stated that the government’s priority is to regulate digital asset platforms.
“The Albanese Government is collaborating with the sector to create an appropriate digital asset regulatory framework. We recognize the great opportunities blockchain and digital assets present for our economy, financial sector, and innovation,” the spokesperson said.
Meanwhile, upcoming federal elections in Australia increase the likelihood of political change. The most recent YouGov poll shows a 51% to 49% lead for the center-right coalition over the center-left Labor Party, ahead of elections that must occur by May. No statement has yet been made from the coalition side regarding the issue.
Experts Divided on Crypto Reserves: Risks and Potential Alternatives
Swyftx Corporate Relations Head Tom Matthews emphasized that while the idea of a strategic crypto reserve is appealing, it carries risks. He pointed out that the volatility of crypto markets could harm a reserve intended to protect the state in crises. Matthews suggested that a more likely scenario would be the emergence of a sovereign wealth fund focused on long-term investments.
Kraken Australia’s General Manager Jonathon Miller noted that crypto has already proven itself as an investable asset class. He reminded that major exchanges, pension funds, and sovereign wealth funds have long been investing in crypto, adding, “This asset class could definitely be considered by long-term investors such as the Treasury and Long-Term Investment Funds.”
These developments come at a time when Australia is ramping up its regulatory efforts concerning the crypto sector.
Australia Tightens Crypto Regulations
AUSTRAC CEO Brendan Thomas announced that further regulation of the crypto sector would take place in 2025, with an increased focus on anti-money laundering (AML) efforts and greater scrutiny on crypto ATM providers.
In December, the Australian Securities and Investments Commission (ASIC) published a consultation paper classifying digital assets as financial products, proposing regulations that would require crypto service providers to obtain licenses.
Furthermore, Australia has become a significant hub for Bitcoin and crypto ATMs. According to Coin ATM Radar, there are now over 1,453 crypto ATMs in Australia, a significant increase from just 67 in August 2022.
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