According to online reports, according to Cointelegraph, the current government of Australia has said that there are currently no plans to establish a strategic reserve of cryptocurrencies. A spokesman for Stephen Jones, Australia's Assistant Treasury Secretary and Financial Services Minister, told Cointelegraph that the Albanese government is focusing on regulating digital asset platforms and is developing a regulatory framework suitable for digital assets. Tom Matthews, head of corporate affairs at Australia Exchange Swyftx, believes that while the idea of crypto reserves is popular, it can be "full of complexity" and could lead to concentration risks for certain tokens. Jonathan Miller, managing director of Kraken Australia, said that cryptocurrencies have established their status as investment-grade assets.