（彭博社） - 僅在三年前，臭名昭著的加密貨幣億萬富翁與金融機構的泰坦之間的爭議成為了關注的中心

FTX創始人Sam Bankman Fried和Terry Duffy之間的灰塵是美國最大的期貨和期權交易所的Terry Duffy，這是華爾街懷疑的象徵

It was only three years ago that a spat between an infamous crypto billionaire and a titan of the financial establishment was the main topic of conversation at an annual event known as the Davos of the derivatives market.

僅在三年前，臭名昭著的加密貨幣億萬富翁與金融機構的泰坦之間的爭吵是在稱為衍生品市場的達沃斯（Davos）的年度活動中的主要話題。

The dust up between FTX founder Sam Bankman-Fried and Terry Duffy, the boss of the US’s largest futures and options exchange, was emblematic of Wall Street’s skepticism then about a new generation promoting digital assets and the crypto bigwig’s plans to change the way derivatives trade.

FTX創始人Sam Bankman Fried和Terry Duffy之間的灰塵是美國最大的期貨和期權交易所的Terry Duffy，這象徵著華爾街的懷疑論者，然後是關於促進數字資產的新一代以及Crypto Bigwig的計劃改變衍生品貿易的計劃。

But that was then. This year, as executives from the world’s largest exchanges and trading firms prepared to head to the Futures Industry Conference in the crypto hotbed of Florida, President Donald Trump announced he was creating a strategic Bitcoin reserve — a move that’s symbolic, but one that effectively entrenches the legitimacy of digital assets as mainstream financial instruments.

但是那是。今年，正如全球最大的交易所和貿易公司的高管準備前往佛羅里達州的加密貨幣床上的期貨行業會議一樣，唐納德·特朗普總統宣布，他正在創建一個戰略性的比特幣儲備，這是像徵性的，但有效地將數字資產作為Mamentream Financial Instruments的合法性。

For Wall Street firms that had only dipped their toes in the crypto space, the next four years present an opportunity to make inroads in an industry that’s swiftly gained momentum amid the Trump administration’s. On Thursday, Bloomberg News reported that World Liberty Financial Inc., one of the Trump family’s crypto ventures, has discussed doing business with the world’s largest digital-asset exchange, Binance Holdings Ltd.

對於僅在加密貨幣領域浸入腳趾的華爾街公司來說，接下來的四年有機會在特朗普政府的行業中迅速獲得勢頭的行業。彭博新聞（Bloomberg News）週四報導說，特朗普家族的Crypto Ventures之一世界自由金融公司（World Liberty Financial Inc.）討論了與世界上最大的數字資產交易所Binance Holdings Ltd.開展業務。

That shift in sentiment was on full display at the conference, held at The Boca Raton hotel, where traditional finance executives this week rubbed shoulders with those in the crypto industry. One noticeable difference: This time, almost everyone was in suits, or at least a collared shirt; gone were the shorts-and-t-shirt uniforms so ubiquitous among the crypto crowd in times past.

在Boca Raton Hotel舉行的會議上，這種情緒的轉變在會議上充分展示，本周傳統的金融高管在那裡與加密貨幣行業的那些人摩擦了肩膀。一個明顯的區別：這次，幾乎每個人都穿著西裝，或者至少一件衣領襯衫；過去，短褲和T卹制服在過去的時代中無處不在。

The entertainment also skewed older. The 1970s hitmakers Cheap Trick blasted their tunes for the likes of New York Stock Exchange President Lynn Martin and DRW Holdings founder Don Wilson.

娛樂也偏向年齡。 1970年代的Hitmakers Cheap Trick為紐約證券交易所總裁Lynn Martin和DRW Holdings創始人Don Wilson等人爆炸了他們的曲調。

“Crypto is back,” Catherine Clay, head of derivatives at Chicago-based options powerhouse Cboe Global Markets, said in an interview. “We definitely have seen the re-emergence of the crypto theme back at Boca after a few years of it being pretty much absent.”

總部位於芝加哥的Powerhouse CBOE Global Markets的衍生產品負責人Catherine Clay說：“加密貨幣又回來了。” “幾年後，我們肯定已經看到了Boca的加密貨幣主題的重新出現。”

Trump pledged to make the US the “crypto capital of the planet” during his campaign, and since taking office has worked to make good on his promises. He issued an executive order on digital assets and his top securities regulator has started a task force on crypto headed by Hester Peirce, a longtime advocate for the industry.

特朗普承諾在競選期間將美國成為“地球的加密首都”，自從上任以來，他一直在努力兌現他的諾言。他發布了有關數字資產的行政命令，他的頂級證券監管機構已成立了由該行業的長期倡導者Hester Peirce領導的Crypto工作組。

All of that is giving Wall Street confidence. Ken Griffin’s Citadel Securities, previously conservative in its approach to digital assets, is now looking to get more involved as a liquidity provider for cryptocurrencies. CME Group Inc. is expanding by launching Solana futures after overtaking Binance as the world’s largest Bitcoin derivatives exchange. Intercontinental Exchange Inc., which had stayed away, sees opportunities to step in and compete with rival CME, according to people familiar with the matter.

所有這些都給了華爾街的信心。肯·格里芬（Ken Griffin）的城堡證券（Citadel Securities）以前是其數字資產方法的保守派，現在希望更多地參與加密貨幣的流動性提供商。 CME Group Inc.在超過了Binance作為世界上最大的比特幣衍生品交易所後推出Solana Futures的擴展。據熟悉此事的人們說，已經遠離的洲際交易所有機會與競爭對手CME競爭。

Even exchanges abroad are jumping on the bandwagon. At the conference, the Singapore Exchange Ltd., or SGX, announced plans to list Bitcoin perpetual futures in the second half of the year. The company said its first digital asset contract will strictly target institutional clients.

即使是國外的交流也在潮流上。在會議上，新加坡交易所有限公司（SGX）宣布了下半年列出比特幣永久期貨的計劃。該公司表示，其第一份數字資產合同將嚴格針對機構客戶。

“By the end of the year, there will be a lot more firms charging into crypto,” said Jeanine Hightower-Sellitto, chief commercial and strategy officer at EDX Markets LLC, a digital-asset firm backed by Citadel Securities. “There’s been a substantial shift in the past two and a half month, ever since inauguration day.”

由Citadel Securities支持的數字資助公司EDX Markets LLC首席商業和戰略官Jeanine Hightower-Sellitto說：“到年底，將有更多的公司收取加密貨幣。” “自就職日以來，在過去兩個半月中，發生了很大的轉變。”

For Wall Street, this year’s event also brought a reckoning: the blockchain that created and electronically-stored cryptocurrencies will be key to the shift to trading US stocks 24 hours a day, seven days a week.

對於華爾街，今年的活動還帶來了一個估算：創建和電子存儲的加密貨幣的區塊鏈將是每週七天每天24小時轉移美國股票的關鍵。

“There was a previous year where there was a lot of hype around crypto,” said DRW’s Wilson, who also co-founded crypto firm Digital Asset. “But this year there is a recognition that using blockchain is actually going to be an important part of how we move to 24-7 trading.”

DRW的威爾遜（Wilson）說：“前一年，周圍有很多炒作。”他還共同創立了加密公司數字資產。 “但是今年人們認識到，使用區塊鏈實際上將成為我們轉向24-7交易的重要組成部分。”

Crypto fell out of favor after Bankman-Fried was convicted of fraud following his firm’s collapse in 2022. His FTX exchange had sponsored a late-night cocktail party by the beach in Boca that year, offered branded swag from its mega-booth in the exhibition hall, and hosted a fireside chat with baseball star turned business man Alex Rodriquez. Because he was throwing money around, everyone from US regulators to politicians and even Tom Brady were willing to listen.

加密貨幣在2022年倒閉後被判犯有欺詐罪後，加密貨幣脫穎而出。他的FTX交易所於當年在Boca的海灘上贊助了一場深夜的雞尾酒會，在展覽廳的大型攤位上提供了品牌的贓物，並在展覽廳提供了品牌的贓物，並與棒球之星Alex Rodrique alex Rodrique Z主持了一場與Bassball Star to and Basside Chats Alex Rodrique Z Alex Rodriquez。因為他在扔錢，所以從美國監管機構到政客，甚至湯姆·布雷迪都願意聽的每個人。

Not Duffy. The long-time head of CME, who started his career in the trading pits of Chicago in the 1980s, wasn’t buying Bankman-Fried’s ambitious plans. FTX wanted to handle every aspect of customers’ crypto derivatives needs on its own, using algorithms rather than brokers to help clear trades.

不是達菲。 CME的長期負責人在1980年代開始在芝加哥的交易坑中開始職業生涯，並沒有購買Bankman Fried的雄心勃勃的計劃。 FTX希望使用算法而不是經紀人自行處理客戶加密衍生物需求的各個方面，以幫助清除交易。

“I listed crypto at CME in 2017, that’s long before I even knew who Sam Bankman-Fried was,”

“我在2017年在CME列出了加密貨幣，這很早就知道Sam Bankman Fried是誰。”