唐納德·特朗普（Donald Trump）總統最近推進了他的倡議，以建立美國“加密戰略儲備”

建立加密戰略儲備是特朗普總統更廣泛的議程的一部分，將美國定位為“世界的加密之都”

President Donald Trump has recently advanced his initiative to establish a U.S. “Crypto Strategic Reserve,” a move that signifies a significant policy shift towards integrating cryptocurrencies into the nation’s financial framework. On January 23, 2025, he signed Executive Order 14178, titled “Strengthening American Leadership in Digital Financial Technology.”

唐納德·特朗普（Donald Trump）總統最近提出了建立美國“加密戰略儲備”的倡議，該舉動表示旨在將加密貨幣整合到美國財務框架中的重大政策轉變。 2025年1月23日，他簽署了14178年的行政命令，標題為“加強美國在數字金融技術方面的領導”。

The establishment of the Crypto Strategic Reserve is part of President Trump’s broader agenda to position the U.S. as the “Crypto Capital of the World,” indicating a departure from previous administrations’ cautious approaches toward cryptocurrencies.

建立加密戰略儲備是特朗普總統更廣泛的議程的一部分，該議程將美國定位為“世界的加密之都”，這表明與以前的政府對加密貨幣的謹慎態度有所不同。

This executive order directs the U.S. Treasury Secretary to select and invest in a portfolio of principal cryptocurrencies, taking into account factors such as market capitalization, liquidity, technological innovation, and macroeconomic stability. The Treasury Secretary will also be responsible for coordinating with relevant government agencies, such as the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), to ensure efficient administration and reporting on the Strategic Reserve.

該行政命令指示美國財政部長選擇和投資主要加密貨幣的投資組合，考慮到市值，流動性，技術創新和宏觀經濟穩定性等因素。財政部長還將負責與相關政府機構（例如美國證券交易委員會（SEC）和商品期貨交易委員會（CFTC））協調，以確保有效的管理和報告戰略儲備。

The types and amounts of cryptocurrencies to be included in the Strategic Reserve will be determined by the Treasury Secretary in consultation with the National Economic Council (NEC) and other relevant government officials.

戰略儲備中要包含的加密貨幣的類型和數量將由財政部長與國家經濟委員會（NEC）和其他相關政府官員協商。

The executive order further mandates the development of a federal regulatory framework for digital assets within 180 days, aiming to provide clarity and promote responsible growth in the cryptocurrency sector. This regulatory initiative will be undertaken by the Treasury Department, in coordination with the SEC, CFTC, and other financial regulators.

行政命令進一步要求在180天內開髮用於數字資產的聯邦監管框架，旨在提供清晰度並促進加密貨幣行業的負責任增長。該監管倡議將由美國國債部與SEC，CFTC和其他金融監管機構協調。

To facilitate open dialogue and foster collaboration, the White House will host a cryptocurrency summit within 30 days, bringing together prominent figures from the crypto industry, relevant government officials, and academics to discuss pressing issues and best practices in digital asset technology and regulation.

為了促進公開對話和寄養合作，白宮將在30天內舉辦加密貨幣峰會，將加密貨幣行業，相關政府官員和學者的傑出人物匯集在一起​​，討論數字資產技術和監管的緊迫問題和最佳實踐。

This move comes as the U.S. seeks to maintain its economic competitiveness in the face of emerging technologies and global economic shifts. The establishment of a national cryptocurrency reserve signals the administration’s recognition of the growing importance of digital assets in the 21st century financial landscape.

這一舉動是因為美國試圖在面對新興技術和全球經濟轉變時保持其經濟競爭力。建立國家加密貨幣儲備表明，政府對21世紀金融環境中數字資產的重要性日益重要。

The announcement of the U.S. Crypto Strategic Reserve has sparked discussions regarding its potential political motivations, particularly in relation to garnering support from cryptocurrency advocates.

美國加密戰略儲備的宣布引發了關於其潛在政治動機的討論，尤其是與加密貨幣倡導者獲得的支持有關。

Throughout his political career, Trump has displayed mixed views on cryptocurrencies, previously labeling them as volatile and unregulated. During his 2024 campaign, he accepted digital asset donations and pledged to create a federal Bitcoin stockpile if elected.

在他的整個政治生涯中，特朗普對加密貨幣表現出不同的看法，此前將其標記為動盪和不受監管。在2024年的競選期間，他接受了數字資產捐贈，並承諾如果當選，則承諾創建一個聯邦比特幣庫存。

This pivot signaled an attempt to secure support from the cryptocurrency community and signaled a shift in his stance. Now that Trump has taken office, this order to set up a crypto reserve may appear to be a fulfillment of his campaign promises.

這個樞紐表示試圖獲得加密貨幣社區的支持，並表明他的立場發生了變化。現在，特朗普已經上任，這個建立加密貨幣儲備的命令似乎是他的競選承諾的實現。

Additionally, both President Trump and First Lady Melania Trump have launched their own coins:

此外，特朗普總統和第一夫人梅拉尼亞·特朗普都發起了自己的硬幣：

The direct involvement of the President and First Lady in launching these cryptocurrencies has sparked ethical concerns, as they could potentially benefit from higher crypto prices driven by pro-crypto policies.

總統和第一夫人在推出這些加密貨幣方面的直接參與引發了道德問題，因為它們有可能受益於由Pro-Crypto政策驅動的更高加密價格。

Aides have confirmed that President Trump holds an undisclosed coin, reportedly a small stake in a Trump-branded cryptocurrency launched last year to raise funds for his 2024 campaign. Meanwhile, the First Lady launched her own coin in December 2024 to support her own endeavors.

助手們已經確認，特朗普總統擁有一枚未公開的硬幣，據報導，去年推出的特朗普品牌的加密貨幣中的一筆小股份是為他的2024年競選活動籌集資金。同時，第一夫人於2024年12月推出了自己的硬幣，以支持自己的努力。

These ventures have led to accusations of conflicts of interest, with critics arguing that holding significant stakes in these coins while influencing cryptocurrency policy presents clear ethical dilemmas.

這些冒險導致了對利益衝突的指控，批評家認為，在影響加密貨幣政策的同時，在這些硬幣中持有大量股份，這帶來了明確的道德困境。

Ethics experts have also raised concerns about potential violations of the Constitution’s emoluments clause, which prohibits federal officials from receiving benefits or emoluments, such as salaries, wages, or other forms of compensation, from foreign entities without congressional approval.

道德專家還提出了對憲法埃默爾條款的潛在違反行為的擔憂，該條款禁止聯邦官員獲得未經國會批准的外國實體的收益或埃默爾（例如薪金，工資或其他形式的薪酬）。

The administration’s involvement in these coins and its broader actions in the cryptocurrency space are likely to continue to be subject to scrutiny from legal scholars and good-government groups.

政府參與這些硬幣及其在加密貨幣領域的更廣泛的行動可能會繼續受到法律學者和良好政府團體的審查。

While the announcement of the U.S. Crypto Strategic Reserve is one thing, its execution is another. Questions remain about whether these assets will be used to diversify the U.S. reserves or if they will constitute a relatively minor portion.

雖然宣布美國加密戰略儲備是一回事，但其執行是另一回事。關於這些資產是否將用於使美國儲備多樣化或它們構成相對較小的部分的問題仍然存在。

Skeptics also question the legitimacy of the order. As an executive order, it carries the weight of law but can be set aside by future administrations.

懷疑論者還質疑該命令的合法性。作為行政命令，它承擔了法律的重量，但可以由未來的行政部門擱置。

While the establishment of the Strategic Reserve does not require immediate congressional approval, significant funding allocations or legislative changes would likely require congressional involvement. The durability of this initiative depends on political dynamics and future priorities.

雖然建立戰略儲備不需要立即獲得國會批准，但大量資金分配或立法變更可能需要國會參與。該計劃的持久性取決於政治動態和未來的優先事項。

One clear directive is the development of a federal regulatory framework for digital assets within 180 days. To further these objectives, the White House is set to host its first cryptocurrency summit on March 7, 2025, featuring prominent crypto industry figures and members of the Presidential Working Group on Digital Assets.

一個明確的指令是在180天內開髮用於數字資產的聯邦監管框架。為了實現這些目標，白宮將於2025年3月7日舉行首次加密貨幣峰會，其中包括著名的加密行業人物和數字資產總統工作組的成員。

The U.S. Congress is also making progress in the cryptocurrency space. The House Financial Services Committee is set to vote on March 5, 2025, on a bipartisan bill that would create a framework for regulating stablecoins and place the supervision of crypto firms with more than $1

美國國會也在加密貨幣領域取得進展。眾議院金融服務委員會定於2025年3月5日通過兩黨法案進行投票，該法案將創建一個框架，以調節穩定的穩定公司，並將其監督放置超過1美元以上的加密貨幣公司的監督