美國總統唐納德·特朗普（Donald Trump

該命令概述了“國家數字資產庫存”的形成，該命令提出了有關美國是否打算進行的問題

United States President Donald Trump issued the first-ever executive order on cryptocurrencies on Thursday, January 23. The order outlines the formation of a “national digital asset stockpile,” prompting questions on whether the United States intends to actively purchase Bitcoin (BTC) or merely incorporate confiscated BTC into a reserve. Additionally, the scope regarding the inclusion of altcoins in this stockpile remains uncertain.

美國總統唐納德·特朗普（Donald Trump）於1月23日星期四發布了有史以來第一項執行命令。該命令概述了“國家數字資產庫存”的形成，促使有關美國是否打算積極購買比特幣（ BTC）或僅將沒收的BTC納入儲備金。此外，有關在該庫存中納入山寨幣的範圍尚不確定。

The executive order states that “The Working Group shall evaluate the potential creation and maintenance of a national digital asset stockpile and propose criteria for establishing such a stockpile, potentially derived from cryptocurrencies lawfully seized by the Federal Government through its law enforcement efforts.” This broad language has led to varied interpretations among industry experts.

行政命令指出：“工作組應評估國家數字資產庫存的潛在創建和維護，並提出標準，以建立這種庫存，該庫存可能是由聯邦政府通過其執法工作抓住的加密貨幣的。”這種廣泛的語言導致了行業專家之間的各種解釋。

Bitcoin And Altcoins? Buy Or Just Hodl?

比特幣和山寨幣？買還是只是霍德？

Dennis Porter, founder and CEO of the Bitcoin lobbying non-profit Satoshi Act Fund, expressed support for the initiative via Yahoo Finance, emphasizing the strategic choice of terminology. “We fully endorse the working group for a ‘Strategic Digital Asset Stockpile’,“ Porter said.

比特幣遊說非營利性Satoshi Act基金的創始人兼首席執行官丹尼斯·波特（Dennis Porter）通過Yahoo Finance表示支持該計劃，強調了術語的戰略選擇。波特說：“我們完全認可工作組'戰略性數字資產庫存'。”

He highlighted that “it is pragmatic for the working group to use the word “digital asset” for the exact same reason that Satoshi Act Fund has utilized this approach within our model policy which has passed into law 4 times at the state level.” This strategy, according to Porter, facilitates a broader conversation on the importance of Bitcoin and protects its long-term viability, ultimately aiming to position the United States as the largest holder of Bitcoin globally.

他強調說：“工作組的務實是使用“數字資產”一詞的原因，因為Satoshi Act Fund在我們的模型政策中使用了這種方法，該方法已在州一級進入了4次法律。”根據波特的說法，該戰略促進了關於比特幣重要性的更廣泛的對話，並保護其長期生存能力，最終旨在將美國定位為全球最大的比特幣持有人。

Crypto analyst MacroScope shared insights via Twitter, noting that the executive order lays the groundwork for a strategic Bitcoin reserve (SBR) with a clear timeline. “Groundwork for a strategic Bitcoin reserve is underway with a clear timeline,” he stated and pointed out that within 180 days, the Working Group is expected to submit a report to the President recommending regulatory and legislative proposals to advance the policies established in the order.

加密分析師MacRoscope通過Twitter分享了見解，並指出行政命令為戰略性比特幣儲備（SBR）奠定了基礎，並具有明確的時間表。他指出：“戰略比特幣儲備的基礎工作正在進行清晰的時間表。” 。

Alex Thorn, Head of Research at Galaxy Digital, clarified that the term “stockpile” might merely refer to holding existing assets rather than actively purchasing new ones. “‘Stockpile’ is jargon that means holding what they have, but not necessarily buying anything,” Thorn stated.

Galaxy Digital的研究負責人Alex Thorn澄清說，“ Stockpile”一詞可能只是指持有現有資產，而不是積極購買新的資產。索恩說：“'Stockpile'是行話，意味著握住他們擁有的東西，但不一定要購買任何東西。”

He shared an overview of the current cryptocurrency holdings of the US government, and added: “I want to be clear that the EO doesn’t say the government WILL hold ALL the coins it currently holds […] note that it also says ‘establishing criteria’ — presumably not everything will be HODL'd.”

他分享了美國政府當前的加密貨幣持有的概述，並補充說：“我想清楚地表明，EO並不表示政府將持有目前持有的所有硬幣[…]注意，它也表示'建立'標準' - 大概並不是一切都會是hodl的。”

David Bailey, CEO of BTC Inc. and a key advisor to the Trump campaign on crypto matters, added that the executive order leaves room for ambiguity regarding the purchase of additional Bitcoin. “I know this will shock some of you but Bitcoin is a Digital Asset. […] Also just to point out, the EO does not say the strategic stockpile can not purchase additional bitcoin. It leaves it ambiguous. The Working Group will determine those details. We have six months to convince them to ape in size.”

BTC Inc.首席執行官兼特朗普競選活動的關鍵顧問David Bailey補充說，行政命令為購買額外的比特幣提供了歧義的空間。 “我知道這會震驚你們中的一些人，但比特幣是數字資產。 […]也只是為了指出，EO並沒有說戰略儲備不能購買其他比特幣。它使它模棱兩可。工作組將確定這些細節。我們有六個月的時間說服他們大小。”

He stressed the importance of legislative support, stating that establishing a SBR at the necessary scale will require congressional backing. Bailey referenced the Lummis BITCOIN Act, highlighting Senator Cynthia Lummis's pivotal role in advancing crypto-friendly legislation.

他強調了立法支持的重要性，並指出在必要的規模上建立SBR將需要國會支持。貝利（Bailey）提到了《盧米斯比特幣法》（Lummis Bitcoin Act），強調了參議員辛西婭·盧米斯（Cynthia Lummis）在推進加密貨幣友好的立法方面的關鍵作用。

Senator Cynthia Lummis, appointed chair of the Senate Banking Subcommittee on Digital Assets on Thursday. Notably, President Trump couldn’t have picked anyone more pro-BTC and pro-SBR than Lummis as chair. Lummis has been actively involved in promoting Bitcoin-related legislation, notably through the BITCOIN Act of 2024. Senator Lummis introduced the Strategic Bitcoin Reserve legislation – aimed at buying 1 million BTC over 5 years in 2024.

參議員辛西婭·盧米斯（Cynthia Lummis）週四任命了參議院銀行業務小組委員會主席。值得注意的是，特朗普總統不能比盧米斯（Lummis）挑選更多親btc和Pro-SBR作為主席。盧米斯（Lummis）一直積極參與促進與比特幣相關的立法，尤其是通過2024年的《比特幣法》（Bitcoin Act）。參議員盧米斯（Lummis）介紹了戰略性比特幣儲備立法-旨在在2024年在5年內購買100萬BTC。

In her opening statement upon chairing the subcommittee, Lummis emphasized the future importance of digital assets and the need for bipartisan legislation to establish a comprehensive legal framework. “Congress needs to urgently pass bipartisan legislation establishing a comprehensive legal framework for digital assets and that strengthens the U.S. dollar with a strategic bitcoin reserve,” she stated.

盧米斯（Lummis）在主持小組委員會主席的開幕詞中強調了數字資產的未來重要性以及兩黨立法建立全面法律框架的需求。她說：“國會需要緊急通過兩黨立法，以建立一個全面的數字資產法律框架，並通過戰略比特幣儲備來增強美元。”

Lummis further highlighted the challenges ahead, noting the necessity for consensus-building and widespread support to codify a Strategic Bitcoin Reserve. “There is a BIG lift ahead. It will require consensus building and loud voices. So get loud but remember to codify an SBR we need majorities in both houses. Make friends where you can. […] Every legislator is giving this legislation a serious look. The time is now. The President is a visionary leader and we are ready to get this bill to his desk.”

盧米斯進一步強調了未來的挑戰，並指出了建立共識和廣泛支持以使戰略性比特幣儲備的必要性。 “前面有一個很大的提升。這將需要建立共識和大聲的聲音。因此，請大聲說明，但請記住要編纂一個SBR，我們在這兩個房屋中都需要大多數。在可能的地方結交朋友。 […]每個立法者都認真對待這項立法。現在是時候了。總統是一位有遠見的領導人，我們準備將這項賬單帶到他的桌子上。”

Thus, President Trump has created two pathways for a Strategic Bitcoin Reserve: the “stockpile” worked on by the working group and the new subcommittee chaired by Lummis. She could actively enhance the Bitcoin reserve through Congress, meaning that the US might buy BTC, not just hodl onto what is seized by law enforcement.

因此，特朗普總統為戰略比特幣儲備創造了兩條途徑：工作組和由盧米斯（Lummis）主持的新小組委員會工作的“庫存”。她可以通過國會積極地增強比特幣儲備，這意味著美國可能會購買BTC，而不僅僅是霍德爾（Hodl），而不是執法部門所抓住的東西。

At press time, BTC traded at $104,949.

發稿時，BTC的交易價格為104,949美元。