比特幣儲備：德州、賓州和俄亥俄州帶頭，各州正在考慮儲存比特幣

當川普和他的盟友考慮建立國家比特幣儲備的可能性時，一些州正在推進自己的比特幣儲備計畫。

As Donald Trump and his allies contemplate the prospect of a national Bitcoin reserve, several states are forging ahead with their own plans to stack sats. Here’s a closer look at the states leading the charge.

當唐納德·川普和他的盟友考慮建立國家比特幣儲備的前景時，幾個州正在推進自己的比特幣儲備計劃。以下是對領先國家的詳細了解。

Texas: The Lone Star State Goes Lone Wolf on BTC

德州：孤星之州在比特幣上孤軍奮戰

Everything is bigger in Texas, and that might soon include its Bitcoin reserves. State Representative Giovanni Capriglione has introduced a bill that would establish a Bitcoin stockpile for Texas, requiring the cryptocurrency to be held in secure cold storage for at least five years. The legislation prohibits the Bitcoin from being used in transactions outside Texas, underscoring its role as a long-term asset rather than a transactional currency.

德克薩斯州的一切都變得更大，這可能很快就會包括其比特幣儲備。州代表喬瓦尼·卡普里廖內 (Giovanni Capriglione) 提出了一項法案，將為德克薩斯州建立比特幣庫存，要求將加密貨幣保存在安全的冷庫中至少五年。該法案禁止比特幣在德州以外的交易中使用，強調了其作為長期資產而不是交易貨幣的作用。

The proposed legislation positions Texas to establish a Bitcoin reserve, securely stored in cold wallets—offline solutions praised for their resilience against cyberattacks. This reserve would remain untouched for at least five years, ensuring a long-term strategic approach. Texans would also have the option to contribute voluntarily to the fund, signaling a deeper integration of Bitcoin into the state’s financial framework.

擬議的立法要求德克薩斯州建立比特幣儲備，安全地存儲在冷錢包中——離線解決方案因其抵禦網路攻擊的能力而受到稱讚。此儲備將至少在五年內保持不變，以確保長期策略方針。德州人還可以選擇自願向該基金捐款，這標誌著比特幣更深入地融入該州的金融框架。

The bill emphasizes that creating a Bitcoin reserve aligns with Texas’s goals of championing digital innovation and bolstering financial security for its residents. It explicitly prohibits the use of the reserve for transactions with foreign entities or individuals engaged in illicit activities, ensuring compliance with regulatory standards and focusing on domestic benefits.

該法案強調，創建比特幣儲備符合德州倡導數位創新和增強居民財務安全的目標。它明確禁止利用儲備金與從事非法活動的外國實體或個人進行交易，確保遵守監管標準並注重國內利益。

Inflation Defense and Financial Stability

通膨防禦和金融穩定

At a live Spaces event, Representative Giovanni Capriglione outlined the rationale behind the bill, highlighting Bitcoin’s potential as a hedge against inflation. “Inflation is probably the biggest enemy of our investments,” Capriglione stated, explaining that the concept of a Bitcoin reserve had been in development for some time.

在現場 Spaces 活動中，代表 Giovanni Capriglione 概述了該法案背後的基本原理，並強調了比特幣作為對沖通貨膨脹的潛力。卡普里廖內表示：「通貨膨脹可能是我們投資的最大敵人。」他解釋說，比特幣儲備的概念已經發展了一段時間。

Since its inception in 2009 as a decentralized payment system, Bitcoin has evolved into a recognized store-of-value asset, often compared to gold. Advocates argue that its fixed supply offers a robust defense against inflation. This sentiment has gained mainstream traction, with even President-elect Donald Trump urging Americans to hold onto Bitcoin, reflecting a growing trend of incorporating cryptocurrency into financial planning.

自 2009 年作為一種去中心化支付系統誕生以來，比特幣已發展成為一種公認的價值儲存資產，通常可與黃金相比。支持者認為，其固定供應量可以有效抵禦通貨膨脹。這種情緒已經獲得主流關注，就連當選總統川普也敦促美國人持有比特幣，這反映出將加密貨幣納入財務規劃的趨勢日益增長。

Texas at the Forefront of Bitcoin Adoption

德克薩斯州處於比特幣採用的前沿

Texas has emerged as a hotspot for Bitcoin activity, with its affordable energy prices and government-backed initiatives designed to stabilize the power grid attracting a wave of cryptocurrency miners. Establishing a Bitcoin reserve would reinforce the state’s reputation as a leader in blockchain technology and innovation.

德州已成為比特幣活動的熱點，其實惠的能源價格和政府支持的旨在穩定電網的舉措吸引了一波加密貨幣礦工。建立比特幣儲備將鞏固該州作為區塊鏈技術和創新領導者的聲譽。

On a national level, the idea of a Bitcoin reserve is gaining momentum. Earlier this year, Senator Cynthia Lummis of Wyoming, often referred to as the “Bitcoin Senator,” introduced a proposal for a federal Bitcoin reserve. The U.S. government already holds a significant Bitcoin stockpile—over 198,000 BTC, valued at more than $20 billion—seized from criminal activity, according to data from Arkham Intelligence.

在國家層面上，比特幣儲備的想法正在興起。今年早些時候，通常被稱為「比特幣參議員」的懷俄明州參議員辛西婭·魯米斯 (Cynthia Lummis) 提出了一項聯邦比特幣儲備提案。根據 Arkham Intelligence 的數據，美國政府已經持有大量從犯罪活動中查獲的比特幣庫存——超過 198,000 比特幣，價值超過 200 億美元。

Capriglione noted a surge in Bitcoin and blockchain enthusiasm following Trump’s pro-crypto campaign and election victory. “Since November, interest in Bitcoin reserves and blockchain technology has been growing among legislators,” he remarked. “That’s encouraging because these are issues that resonate with constituents.”

Capriglione 指出，在川普支持加密貨幣的競選活動和選舉勝利之後，比特幣和區塊鏈的熱情激增。 「自 11 月以來，立法者對比特幣儲備和區塊鏈技術的興趣一直在增長，」他說。 “這令人鼓舞，因為這些問題引起了選民的共鳴。”

Pennsylvania: A Rainy Day Fund for the Future

賓州：未來的雨天基金

Pennsylvania is also eyeing Bitcoin as a hedge against inflation and economic uncertainty. A bill proposed in November would allow the state Treasurer to allocate up to 10% of three key state funds—the State General Fund, Rainy Day Fund, and State Investment Fund—into Bitcoin.

賓州也將比特幣視為對沖通膨和經濟不確定性的工具。 11 月提出的一項法案將允許州財政部長將州普通基金、雨天基金和州投資基金這三個主要州基金中最多 10% 的資金分配給比特幣。

If enacted, this could amount to nearly $1 billion worth of Bitcoin purchases. Proponents argue that Bitcoin’s long-term appreciation could help Pennsylvania safeguard its assets. “Bitcoin can help Pennsylvania keep pace with inflation and economic change,” lawmakers wrote in a memo supporting the bill.

如果頒布，比特幣購買量可能達到近 10 億美元。支持者認為，比特幣的長期升值可以幫助賓州保護其資產。 「比特幣可以幫助賓州跟上通貨膨脹和經濟變革的步伐，」立法者在支持該法案的備忘錄中寫道。

Pennsylvania Advances Bitcoin Rights

賓州推進比特幣權利

Pennsylvania has taken a bold step toward regulatory clarity for digital assets, positioning itself as a leader among states embracing cryptocurrency. In November, the state’s House of Representatives passed House Bill 2481, known as the “Bitcoin Rights Bill,” with an overwhelming bipartisan majority—176 votes in favor to 26 against.

賓州在數位資產監管清晰度方面邁出了大膽的一步，將自己定位為擁抱加密貨幣的州中的領導者。 11 月，該州眾議院以 176 票贊成、26 票反對的壓倒性兩黨多數通過了眾議院法案 2481，即「比特幣權利法案」。

The legislation solidifies key rights for Pennsylvanians, including the ability to self-custody digital assets, recognition of Bitcoin as a legal form of payment, and clearly defined tax guidelines for Bitcoin transactions. This landmark bill signals Pennsylvania’s intent to foster innovation and protect its residents in the rapidly evolving crypto space.

該立法鞏固了賓州人的關鍵權利，包括自我託管數位資產的能力、承認比特幣作為合法支付形式以及明確規定比特幣交易的稅收準則。這項具有里程碑意義的法案標誌著賓州有意在快速發展的加密貨幣領域促進創新並保護其居民。

As federal agencies like the SEC and CFTC remain gridlocked over how to regulate the $2 trillion digital asset market, Pennsylvania’s move provides a blueprint for other states. Regulatory ambiguity at the national level continues to hinder broader crypto adoption, leaving states to address these gaps. Pennsylvania’s proactive approach reflects a growing trend of state-led innovation in the absence of federal action.

由於 SEC 和 CFTC 等聯邦機構在如何監管 2 兆美元的數位資產市場方面仍陷入僵局，賓州的此舉為其他州提供了藍圖。國家層級的監管模糊性繼續阻礙更廣泛的加密貨幣採用，使各州必須解決這些差距。賓州的積極主動的做法反映了在聯邦政府不採取行動的情況下由州主導的創新日益增長的趨勢。

The Role of the Satoshi Action Fund

中本聰行動基金的作用

The Satoshi Action Fund (SAF), a leading Bitcoin advocacy group, played a critical role in shaping the Bitcoin Rights Bill. SAF has been instrumental in advancing similar legislation across the U.S., with laws already enacted in Oklahoma, Louisiana, Montana, and Arkansas

中本聰行動基金會（SAF）是一個領先的比特幣倡導組織，在製定比特幣權利法案方面發揮了關鍵作用。 SAF 在推動美國各地的類似立法方面發揮了重要作用，俄克拉荷馬州、路易斯安那州、蒙大拿州和阿肯色州已經頒布了法律