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Shiba Inu Team Proposes SHIB for US Digital Asset Reserve—Could It Happen?

Shiba Inu Team Proposes SHIB for US Digital Asset Reserve—Could It Happen?

EthnewsEthnews2025/03/04 00:00
By:By Mishal AliEdited by John Kiguru
  • The Shiba Inu team wants SHIB and BONE included in the U.S. digital asset reserve.
  • The SEC recently clarified that meme coins like SHIB are not securities under federal law.

The Shiba Inu ecosystem team has called for including SHIB and BONE in the newly announced U.S. digital asset strategic reserve. This comes after U.S. President Donald Trump confirmed the formation of a national crypto stockpile featuring leading assets like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Cardano (ADA), and XRP (XRP).

Following the announcement , Lucie, the marketing lead for the Shiba Inu team, welcomed the move, describing it as a positive step for the cryptocurrency industry. She also expressed hope that the U.S. government would consider adding SHIB and BONE to the reserve in the future.

Great news for crypto!

Hopefully, in the near future, we will see SHIB and BONE join this list. pic.twitter.com/Nv9tEVUrps

— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) March 2, 2025

Similar to other national reserves, the digital asset reserve will require the government to buy and hold some amounts of selected cryptocurrencies, which may increase their credibility and value.

White House AI & Crypto Czar David Sacks has confirmed Trump’s order, stating that the project aligns with Executive Order 14178. Trump’s intention is to make the U.S. the world leader in cryptocurrency, Sacks said.

The government’s action to back major digital assets has caused speculation that other tokens, including SHIB, will be included in the future.

SEC Declares Shiba Inu and Dogecoin Are Not Securities

Meanwhile, the United States Securities and Exchange Commission (SEC) recently brought clarity to 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 explained that meme coins, being driven by social media hype and speculation, lack the investment characteristics to be treated as securities.

Unlike traditional securities, meme coins do not promise returns based on managerial effort or company earnings. This means that transactions in these tokens need not be registered with the SEC, and federal securities laws do not shield their owners.

Nevertheless, fraud or misleading promotion of meme coins will still invite legal intervention. This clarification provides regulatory relief to SHIB holders but does not necessarily translate to market optimism.

The decision also implies that Shiba Inu and like assets will not fall under the same stringent regulations applied to securities, making them less difficult to trade and adopt.

Shiba Inu Faces Selling Pressure Despite Market Support

Despite this, Shiba Inu’s price has continued to experience pressure. SHIB is changing hands at $0.00001374 at the time of writing, down by 2% in the last 24 hours. Market commentators note that SHIB’s immediate support level at $0.00001345 is still holding.

Shiba Inu Team Proposes SHIB for US Digital Asset Reserve—Could It Happen? image 0

The price needs to stay above $0.00001465 to continue its upward trend. A successful hold at this level may push SHIB upwards in the direction of the $0.00001590 area. However, if support is lost, the bearish pressure is expected to dominate.

On-chain data from IntoTheBlock shows that 40% of SHIB addresses are now “in the money,” or in profit at the current price. Meanwhile, 1% are breaking even, while 59% are in a loss. This distribution suggests that if more SHIB holders enter the profit zone, selling pressure can ease, which can stabilize the asset’s price.

Shiba Inu Team Proposes SHIB for US Digital Asset Reserve—Could It Happen? image 1 Source: IntoTheBlock
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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