唐納德·川普當選美國總統：這對加密貨幣產業意味著什麼

就在幾個月前，唐納德·川普在比特幣 2024 年會議上發表演講時承諾，他希望讓美國成為“世界加密貨幣之都”

Donald Trump has made several promises that could have a significant impact on the crypto industry. Here are three of the most important ones, along with their potential implications.

唐納德·川普做出了幾項可能對加密行業產生重大影響的承諾。以下是其中三個最重要的問題及其潛在影響。

1. U.S. Strategic Bitcoin Reserve

1.美國比特幣戰略儲備

Perhaps the most ambitious and consequential policy promise to date were the plans to create a Strategic Bitcoin Reserve in the U.S., unveiled at the Nashville Bitcoin Conference in July. The bill was co-sponsored by Senator Cynthia Lummis, who reiterated her support for the bill on Fox News the day after the election results were announced.

也許迄今為止最雄心勃勃、最重要的政策承諾是在 7 月的納許維爾比特幣會議上公佈的在美國建立戰略比特幣儲備的計劃。該法案由參議員辛西婭·盧米斯 (Cynthia Lummis) 共同發起，她在選舉結果公佈的第二天在福克斯新聞上重申了對該法案的支持。

The implications from this are that the U.S. would be investing in bitcoin as part of its reserves, cementing its status as a reserve asset in the world’s largest central bank. This would have serious ramifications in terms of Bitcoin’s perception. While investment advisors such as Vanguard have opted not to support Bitcoin-related ETFs or products to date, investors could rightfully start asking why something that’s good enough for the U.S. government to own is not good enough for their portfolios.

這意味著美國將投資比特幣作為其儲備的一部分，鞏固其作為全球最大央行儲備資產的地位。這將對比特幣的看法產生嚴重影響。雖然先鋒等投資顧問迄今為止選擇不支持比特幣相關的 ETF 或產品，但投資者可以合理地開始問，為什麼美國政府可以擁有的東西對他們的投資組合來說還不夠好。

Should Trump’s administration follow through with this promise, the entire ecosystem of companies that support Bitcoin infrastructure could stand to benefit, driving volumes and price. Bitcoin made a new all-time high as election results confirmed a Trump victory, and closed the day +9%.

如果川普政府兌現這項承諾，支持比特幣基礎設施的整個公司生態系統都可以受益，從而推動交易量和價格。隨著選舉結果證實川普獲勝，比特幣創下歷史新高，當天收盤上漲 9%。

2. Support For The U.S. Bitcoin Mining Industry And DeFi

2. 對美國比特幣挖礦業和 DeFi 的支持

During his speech in Nashville this past July, Trump stated “If crypto is going to define the future, I want it to be mined, minted and made in the USA”. As part of the event, Trump met with top executives in some of the largest publicly traded bitcoin mining firms in North America. It’s key for U.S. miners to have a supportive regulatory framework, as they compete for power capacity with other industries, and like AI data centers, as well as other players on the city grids.

今年 7 月，川普在納許維爾發表演說時表示，「如果加密貨幣將定義未來，我希望它在美國開採、鑄造和製造」。作為活動的一部分，川普會見了北美一些最大的上市比特幣挖礦公司的高階主管。對於美國礦商來說，擁有一個支持性的監管框架至關重要，因為他們與其他行業（例如人工智慧資料中心）以及城市電網上的其他參與者爭奪電力容量。

The Valkyrie WAGMI Bitcoin miners ETF was up +17.79% the day after Trump’s victory was announced. If he keeps his promise, U.S.-based Bitcoin miners could stand to benefit. In the same Nashville speech back in July, Trump promised to fire Securities And Exchange Commissioner Gary Gensler, with the goal of moving the SEC to a friendlier stance towards the industry.

在川普宣布獲勝的第二天，Valkyrie WAGMI 比特幣礦工 ETF 上漲了 17.79%。如果他信守承諾，美國的比特幣礦商可能會受益。在 7 月的納許維爾演講中，川普承諾解僱證券交易委員會委員加里·詹斯勒 (Gary Gensler)，目的是讓 SEC 對該行業採取更友好的立場。

Companies that have a long standing history of legal battles with the SEC like Coinbase (+31.11%) soared on the news, and so did many of the most popular assets on its platform, like Dogecoin (+15.63%) and Solana (+12.07%). More regulatory clarity could benefit centralized and decentralized financial service providers, token issuers and exchanges.

Coinbase (+31.11%) 等與 SEC 有著長期法律糾紛歷史的公司股價在這一消息後飆升，其平台上許多最受歡迎的資產也是如此，例如 Dogecoin (+15.63%) 和 Solana (+12.07) % ）。更明確的監管可能有利於中心化和去中心化的金融服務提供者、代幣發行商和交易所。

3. Trump World Launches DeFi Project, World Liberty Financial

3. 川普世界推出 DeFi 計畫 World Liberty Financial

Interestingly, Trump also showed support for crypto projects. Just a few weeks ago, a decentralized finance (DeFi) project called World Liberty Financial was launched with the goal of raising $1 B for Trump’s 2024 campaign. The token sale was only available to U.S. accredited investors, and foreign investors due to regulatory restrictions. So far, they have sold 1.02 B tokens from their projected 20 B sale. This makes Trump acutely aware of how regulation impacts the industry.

有趣的是，川普也展現了對加密項目的支持。就在幾週前，一個名為 World Liberty Financial 的去中心化金融 (DeFi) 計畫啟動，目標是為川普 2024 年競選籌集 10 億美元。由於監管限制，代幣銷售僅適用於美國認可投資者和外國投資者。到目前為止，他們已經售出 1.02 B 代幣，預計銷售量為 20 B。這讓川普敏銳地意識到監管如何影響該產業。

It remains to be seen whether or not Trump will keep these promises. Some of them, like pardoning Ulbricht, will require less political coordination than others, and could serve as an early indication of his administration’s priorities.

川普是否會信守這些承諾還有待觀察。其中一些方案，例如赦免烏布利希，所需的政治協調比其他方案要少，並且可以作為其政府優先事項的早期跡象。