美國看好比特幣：三個州預計很快就會建立本地比特幣儲備

這些法案與美國國家比特幣儲備的提案不同，並反映了當地的具體情況。

Three U.S. states are set to introduce local Bitcoin reserves soon. The bills differ from the American National Bitcoin Reserve proposal and have their own local specifics.

美國三州即將推出本地比特幣儲備。這些法案與美國國家比特幣儲備提案不同，並且有自己的本地細節。

America is bullish on Bitcoin. Allegedly, each fifth American owns some BTC. While the U.S. President is pushing to create a strategic Bitcoin reserve, the states are working on local reserves. The Ohio and Texas proposals to create such reserves are about to pass; Pennsylvania is following their way, while other states are doing their considerations.

美國看好比特幣。據稱，每五分之一的美國人都擁有一些比特幣。雖然美國總統正在推動建立比特幣戰略儲備，但各州正在努力建立地方儲備。俄亥俄州和德克薩斯州建立此類儲備的提案即將獲得通過；賓州正在效仿他們的做法，而其他州也在考慮他們的做法。

What are the specs of the local proposals compared to the federal bill?

與聯邦法案相比，地方提案的規格是什麼？

The main distinction is that the local proposals have different end goals if compared to the federal-level proposal. The federal bill is aimed to cover the national debt and calls for purchasing one million BTC that should be stored in the U.S. Treasury.

主要區別在於，與聯邦級提案相比，地方提案有不同的最終目標。該聯邦法案旨在償還國家債務，並呼籲購買 100 萬枚比特幣，並將其存放在美國財政部。

The Texas bill is aimed at accumulating bitcoins by collecting taxes and donations in cryptocurrency. More than that, Texas has a minimum five-year embargo on selling state bitcoins. Ohio and Pennsylvania are willing to accumulate some BTC as a hedge against the eroding USD value. Bitcoins must be bought by the local treasuries. The bills don’t elaborate precisely on the terms.

德州的法案旨在透過以加密貨幣形式徵稅和捐款來累積比特幣。不僅如此，德州還對出售該州比特幣實施了至少五年的禁運。俄亥俄州和賓州願意累積一些比特幣，以對沖美元貶值的風險。比特幣必須由當地財政部購買。這些法案沒有詳細說明條款。

The Cynthia Lummis bill

辛西亞·魯米斯法案

The Federal Reserve bill was introduced in July 2024 by Wyoming Sen. Cynthia Lummis. Her proposal is called Boosting Innovation, Technology and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act. The Lummis bill is expressly presented as a means to pay down the U.S. national debt.

聯準會法案由懷俄明州參議員辛西婭·盧米斯 (Cynthia Lummis) 於 2024 年 7 月提出。她的提案名為《透過全國優化投資促進創新、技術和競爭力（比特幣）法案》。魯米斯法案明確提出作為償還美國公債的手段。

Apart from national debt, Lummis mentions soaring inflation rates in the introduction and calls the creation of the reserve a Louisiana Purchase moment. Comparing huge-scale Bitcoin purchases with buying American lands in the past became a popular trope among Bitcoin maximalists.

除了國債之外，魯米斯在引言中還提到了飆升的通貨膨脹率，並將儲備金的創建稱為「路易斯安那購買時刻」。將大規模比特幣購買與過去購買美國土地進行比較已成為比特幣最大化主義者的流行比喻。

According to the Lummis proposal, Bitcoin is seen as an additional store of value in the federal balance sheet. The bill suggests that the government must establish a U.S. Treasury-controlled decentralized network of Bitcoin vaults. On top of that, the government must purchase one million BTC, which is around 5% of the total supply. The amount is dictated by the fact that the U.S. is already holding 5% of all gold. Private Bitcoin holders should be given self-custody rights.

根據 Lummis 提案，比特幣被視為聯邦資產負債表中的額外價值儲存手段。該法案建議政府必須建立一個由美國財政部控制的去中心化比特幣金庫網路。最重要的是，政府必須購買 100 萬比特幣，約佔總供應量的 5%。這筆金額是由美國已經持有黃金總量 5% 的事實決定的。私人比特幣持有者應享有自我保管權。

The local bills

當地帳單

The local bills of Texas and Ohio don’t include direct intentions to purchase a specified amount of BTC in a certain period, nor are they intended to eliminate the state debts.

德州和俄亥俄州的地方法案並不包含在一定時期內購買特定數量比特幣的直接意圖，也無意消除州債務。

The Texas bill was introduced by Texas State Representative Giovanni Capriglione on Dec. 12. The bill suggests that local residents will be able to use cryptocurrency to pay their taxes. On top of that, Texans will be able to donate cryptocurrency to the state. All the crypto is going to be exchanged for Bitcoin.

該法案由德克薩斯州眾議員喬瓦尼·卡普里廖內 (Giovanni Capriglione) 於 12 月 12 日提出。最重要的是，德克薩斯人將能夠向該州捐贈加密貨幣。所有的加密貨幣都將兌換成比特幣。

Donations, taxes, and other payments to the state agencies will be the main avenues for Texas to accumulate bitcoins. The accumulated BTC are supposed to be stored offline untouched for at least five years. Just like Lummis, Capriglione mentioned inflation as one of the biggest enemies while speaking about the need for the Bitcoin reserve. Texas has been an attractive place for Bitcoin miners due to low electricity costs and various incentives.

向國家機構的捐款、稅收和其他付款將是德克薩斯州累積比特幣的主要途徑。累積的比特幣應該離線儲存至少五年不變。就像盧米斯一樣，卡普里廖內在談到比特幣儲備的必要性時也提到通貨膨脹是最大的敵人之一。由於電力成本低和各種激勵措施，德州一直對比特幣礦工有吸引力。

During the CNBC interview released on Dec. 24, Centrifuge general counsel Eli Cohen noted that the implementation may turn out to be challenging. He points out that the tax authorities may find it tricky to collect taxes in BTC and identify taxpayers. If the tax authorities demand taxpayers to provide their BTC wallets, the taxpayers may feel reluctant to obey.

在 12 月 24 日發布的 CNBC 採訪中，Centrifuge 總法律顧問 Eli Cohen 指出，實施可能會具有挑戰性。他指出，稅務機關可能會發現以比特幣收稅並識別納稅人很棘手。如果稅務機關要求納稅人提供比特幣錢包，納稅人可能會不願意服從。

On Dec. 17, the rep. Derek Merrin introduced the Ohio bill known as the Ohio Bitcoin Reserve Act. The act suggests that the Ohio treasury will set up the Bitcoin fund and will be able to invest money in Bitcoin. Bitcoin is seen as a hedge against USD devaluation. In contrast to the Lummis proposal, the bill has no mention of specific Bitcoin purchases or allocations. In 2022, Ohio had a $72.16 billion debt. It is possible that the BTC reserve could facilitate debt redemption. The bill will be worked upon further by legislators in 2025.

12 月 17 日，代表。德里克梅林 (Derek Merrin) 提出了俄亥俄州法案，稱為俄亥俄州比特幣儲備法案。該法案表明，俄亥俄州財政部將設立比特幣基金，並將能夠將資金投資於比特幣。比特幣被視為對沖美元貶值的工具。與 Lummis 提案相反，該法案並未提及特定的比特幣購買或分配。 2022年，俄亥俄州債務為721.6億美元。比特幣儲備有可能有助於債務償還。立法者將於 2025 年進一步審議該法案。

The Pennsylvania bill was introduced back in November. Its prime suggestion is that the state will be able to invest up to 10% of the State General Fund in Bitcoin in order to fight inflation. This means that nearly one billion dollars can be spent on bitcoins.

賓州的法案於 11 月提出。其主要建議是，國家將能夠將國家普通基金的 10% 投資於比特幣，以對抗通貨膨脹。這意味著近10億美元可以花在比特幣上。

Will these bills pass?

這些法案會通過嗎？

The bills mentioned above were introduced. There is no guarantee that they will pass. On average, only 20% of the introduced state-level bills become laws. In Texas, Ohio, and Pennsylvania, this number is even lower. According to the New Healthcare Bill Acts, only 4.5% of the bills introduced to the 115th Congress became law. So, statistically, the odds are not that high. Practically, it depends on multiple factors, not least of all the persistence

上述法案已出台。無法保證他們會通過。平均而言，所推出的州級法案中只有 20% 成為法律。在德克薩斯州、俄亥俄州和賓夕法尼亞州，這個數字甚至更低。根據新醫療保健法案，向第 115 屆國會提交的法案中只有 4.5% 成為法律。因此，從統計數據來看，這種可能性並不高。實際上，這取決於多種因素，尤其是持久性